| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 441 |
|
MKM FINSEC PVT.LTD.
(Member : DSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND SUBMITTED FALSE OR MISLEADING INFORMATION TO SEBI AND STOCK EXCHANGE VIOLATING REGULATION 7 READ WITH CLAUSES A(2), A(3) AND C(6) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-DEC-2015 TO 27-DEC-2019
07-DEC-2015
|
|
| 442 |
|
|
MLD SECURITIES PVT.LTD.
(Member : DSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH MATCHED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ORIENT TRADE LINK LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ORIENT TRADE LINK LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-MAY-2012 TO 02-JUN-2012
13-APR-2012
|
|
| 443 |
|
|
MODEX INTERNATIONAL SECURITIES LTD.
(CIN:L74899DL1995PLC065153
PAN:AAACM2105K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
|
AJAY JAIN
PAN:AGXPJ1124B
|
|
|
DHARMENDRA KUMAR ARORA
PAN:ABEPA0955B
|
|
|
PARMINDER SINGH KINDRA
PAN:AAIPK2244G
|
|
|
PAVAN KUMAR SACHDEVA
PAN:AAZPS4975R
|
|
|
SANJAY MOHAN UNIYAL
PAN:AACPU2128H
|
|
|
SARIKA CHAWLA
PAN:AFVPC0852J
|
|
|
SHARDA GUPTA
PAN:AAKPG7214J
|
|
|
SURESH AGARWAL
PAN:CKAPA4494A
|
|
|
VIKRAM DUGGAL
PAN:AHTPD5588N
|
|
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 9(F) READ WITH CLAUSES A(2) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 21-AUG-2026 TILL THE SETTLEMENT OF CLAIM
CEASED AND DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 21-AUG-2026 TILL THE SETTLEMENT OF CLAIM
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR TO CREATE OR INVOKE OR RELEASE ANY INTEREST OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF NSE AND BSE
DIRECTED TO UTILIZE ASSETS OF THE ENTITIES ONLY FOR THE PURPOSE OF PAYMENT OF MONEY AND/OR DELIVERY OF SECURITIES, AS THE CASE MAY BE, TO CLIENTS/INVESTORS UNDER THE SUPERVISION OF CONCERNED STOCK EXCHANGE(S)
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER WRITTEN CONFIRMATION OF CONCERNED STOCK EXCHANGES
30-APR-2020
IMPOSED PENALTY RS.7,00,000
21-AUG-2026
|
SAT: SAT VIDE ITS ORDER DATED 19/06/2020 DIRECTED APPELLANT TO APPEAR BEFORE NSE, ON 24/06/2020. TRIBUNAL WILL HEAR THE MATTER FURTHER ON 03/07/2020. IN THE INTERIM STATUS QUO SHALL BE MAINTAINED
SAT: SAT VIDE ITS ORDER DATED 03/07/2020 DISPOSED OFF THE APPEAL AT THE ADMISSION STAGE IN THE MANNER MENTIONED IN THE ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 11/09/2020 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 30/04/2020
SAT: SAT VIDE ITS ORDER DATED 17/08/2020 REJECTED THE APPLICATION MISCONCEIVED SUMMARILY
SAT: SAT VIDE ITS ORDER DATED 11/11/2020 DIRECTED SEBI TO LOOK INTO THIS ASPECT AND PASS APPROPRIATE ORDERS AT THE EARLIEST
SAT: SAT VIDE ITS ORDER DATED 21/01/2022 DISMISSED THE APPEAL AS INFRUCTUOUS
SEBI VIDE ITS ORDER DATED 21/08/2026 DIRECTED TO A) NSE TO DESIGNATED AS LEAD EXCHANGE AND SHALL BE RESPONSIBLE FOR HANDLING COMPLAINTS/CLAIMS OF THE CLIENTS/INVESTORS OF MODEX INTERNATIONAL SECURITIES LTD., ASCERTAINING ALL DUES ARISING FROM VIOLATIONS IN THIS ORDER AND ENSURING THAT SUCH DUES TO CLIENTS ARE SETTLED/RETURNED B) NSE TO COMPLETE CLAIM-SETTLEMENT PROCESS AS EXPEDITIOUSLY AS POSSIBLE IN COORDINATION WITH OTHER MARKET INFRASTRUCTURE INSTITUTIONS (MIIS) AND BANKS C) NSE TO DEAL WITH COMPLAINTS/CLAIMS OF CLIENTS/INVESTORS AGAINST MODEX INTERNATIONAL SECURITIES LTD. AND SHALL BE LIBERTY TO RETURN CLIENT FUNDS AND SECURITIES TO RIGHTFUL CLIENTS/INVESTORS IN ACCORDANCE WITH LAW AND APPLICABLE BYE-LAWS D) ASSETS OF NOTICEE NO.1 AND, TO THE EXTENT LEGALLY PERMISSIBLE, NOTICEE NO.3 TO BE USED EXCLUSIVELY FOR PAYING MONEY AND/OR DELIVERING SECURITIES TO CLIENTS/INVESTORS FOR SETTLEMENT OF THEIR CLAIMS, UNDER NSE’S SUPERVISION AND MONITORING AND IN ACCORDANCE WITH APPLICABLE LAW AND BYE-LAWS E) FOR THE PURPOSE OF SETTLEMENT OF CLAIMS OF CLIENTS/INVESTORS, ASSETS OF MODEX INTERNATIONAL SECURITIES LTD. AND TO THE EXTENT PERMISSIBLE BY LAW, ASSETS OF MR.PAVAN KUMAR SACHDEVA, TO BE UTILISED ONLY TOWARDS PAYMENT OF MONIES AND/OR DELIVERY OF SECURITIES TO CLIENTS/INVESTORS UNDER SUPERVISION AND MONITORING OF NSE IN ACCORDANCE WITH LAW AND APPLICABLE BYE-LAWS F) DEPOSITORIES AND BANKS TO UNFREEZE THE DEMAT ACCOUNTS AND BANK ACCOUNTS OF MODEX INTERNATIONAL SECURITIES LTD. AND MR.PAVAN KUMAR SACHDEVA AS AND WHEN REQUESTED BY NSE TO THE EXTENT NECESSARY FOR PURPOSE OF SETTLEMENT OF CLAIMS OF CLIENTS/INVESTORS OF MODEX INTERNATIONAL SECURITIES LTD. G) DEPOSITORIES AND BANKS TO ENSURE THAT NO DEBIT MADE IN DEMAT AND BANK ACCOUNTS HELD SINGLY OR JOINTLY BY MODEX INTERNATIONAL SECURITIES LTD. AND MR.PAVAN KUMAR SACHDEVA, EXCEPT FOR THE PURPOSE OF SETTLEMENT OF CLAIMS OF CLIENTS/INVESTORS AND ONLY UPON WRITTEN INSTRUCTIONS / CONFIRMATION ISSUED BY NSE
H) ALL MIIS TO TRANSFER TO NSE ANY FUND, SECURITIES OR OTHER ASSETS OF MODEX INTERNATIONAL SECURITIES LTD. AND MR.PAVAN KUMAR SACHDEVA ALREADY AVAILABLE WITH THEM IN ACCORDANCE WITH LAW AND APPLICABLE BYE-LAWS FOR LIMITED PURPOSE OF SETTLEMENT OF CLAIMS OF CLIENTS/INVESTORS OF MODEX INTERNATIONAL SECURITIES LTD. I) RESTRAINED FROM ACCESSING SECURITIES MARKET AND ARE FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, EITHER DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHATSOEVER TILL THE SETTLEMENT OF CLAIMS OF CLIENTS/INVESTORS OF MODEX INTERNATIONAL SECURITIES LTD. COMPLETED BY NSE J) DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, WHETHER MOVABLE OR IMMOVABLE OR CREATE OR INVOKE OR RELEASE ANY INTEREST OR CHARGE IN ANY OF SUCH ASSETS EXCEPT WITH PRIOR PERMISSION OF NSE K) IMPOSED PENALTY OF RS.5 LAC U/S 15HA, RS.1 LAC U/S 23D OF SCRA AND RS.1 LAC U/S 23H OF SCRA
|
| 444 |
|
|
MODEX INTERNATIONAL SECURITIES LTD.
(CIN:L74899DL1995PLC065153
PAN:AAACM2105K)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF BUSINESS WHILE DEALING WITH CLIENTS VIOLATING CLAUSES A(1) AND A(2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.6,00,000
26-NOV-2025
|
|
| 445 |
|
|
MODEX INTERNATIONAL SECURITIES LTD.
(CIN:L74899DL1995PLC065153
PAN:AAACM2105K)
(Member : NSE)
|
|
|
SHORTFALL OF CLIENTS FUNDS AND SECURITIES
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
PROMISED ASSURED RETURNS TO CLIENTS
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 9 READ WITH CLAUSES A(1) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 11-SEP-2026
11-SEP-2026
|
|
| 446 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/NSE)
|
|
|
ALLEGED ENGAGE IN A CO-ORDINATED SCHEME TO INDUCE INVESTORS TO ACQUIRE SECURITIES OF ATLANTAA LTD. BY UPLOADING FALSE & MISLEADING VIDEOS ON CERTAIN YOUTUBE CHANNELS
ALLEGED FAILURE IN CARRYING OUT NECESSARY DUE DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS WHILE DEALING WITH CLIENTS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF ATLANTAA LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,37,500 VIDE CONSENT ORDER)
21-FEB-2025
|
|
| 447 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE)
|
|
|
|
MANISH AJMERA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLYING WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF G.G.AUTOMOTIVE GEARS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-JAN-2012 TO 16-FEB-2012
27-DEC-2011
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
HON’BLE SUPREME COURT OF INDIA VIDE ITS ORDER DATED 23/02/2016 DISMISSED THE CIVIL APPEAL NO.2818 OF 2008 (SEBI VS KISHORE R. AJMERA) AND AFFIRMEND THE ORDER DATED 05.02.2008 PASSED BY SAT. FURTHER, HON’BLE SUPREME COURT OF INDIA ALLOWED REMAINING APPEALS AND SET ASIDE THE ORDERS OF SAT IN EACH OF THE APPEALS AND RESTORE THE ORDERS AND PENALTY IMPOSED ON THE RESPONDENTS-BROKERS BY THE RESPECTIVE ORDERS OF THE WTM OF SEBI
|
| 448 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A (1) TO A (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF G.G.AUTOMOTIVE GEARS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-MAY-2011 TO 09-JUN-2011
19-APR-2011
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 19/04/2011 SET ASIDE. CASE RAMANDED TO SEBI FOR TAKING FRESH PROCEEDINGS TO BE CONCLUDED EXPEDITIOUSLY BUT NOT LATER THAN 6 MONTHS FROM THE DATE OF RECEIPT OF THIS ORDER. WITH NO ORDER AS TO COSTS
|
| 449 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 7 OF SEBI (STOCK BROKERS) REGULATIONS, 1992 (AFTER AMENDMENT, REGULATION 9(F) OF SEBI (STOCK BROKERS AND SUB BROERS) (SECOND AMENDMENT) REGULATIONS, 2013
DID NOT ADHERE TO SEBI CIRCULAR MIRSD/SE/CIR-19/2009 DATED 03/12/2009
|
IMPOSED PENALTY RS.5,00,000
31-AUG-2016
|
|
| 450 |
|
|
MONARCH RESEARCH & BROKERAGE PVT.LTD.
(PAN:AACCK5762C)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT FOR STOCK BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SKY INDUSTRIES LTD.
|
IMPOSED PENALTY RS.35,00,000
31-JUL-2015
|
SAT: SAT VIDE ITS ORDER DATED 23/02/2017 ALLOWED APPEAL TO BE WITHDRAWN.FRESH APPEAL, IF ANY BE FILED WITHIN A PERIOD OF TWO WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
|
| 451 |
|
|
MOONGIPA SECURITIES LTD.
(PAN:AAACM5445J)
(Member : DSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/STRUCTURED TRANSACTIONS IN SCRIP OF BRUSHMAN (INDIA) LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BRUSHMAN (INDIA) LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-MAR-2010 TO 13-AUG-2010
20-FEB-2010
|
|
| 452 |
|
|
MOTILAL OSWAL SECURITIES LTD.
(PAN:AAACD3654Q)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISED DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF PYRAMID SAIMIRA THEATRE LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
07-DEC-2015
|
|
| 453 |
|
|
MOTILAL OSWAL SECURITIES LTD.
(PAN:AAACD3654Q)
(Member : BSE/NSE/OTC)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 9(F) READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
11-JAN-2018
|
|
| 454 |
|
|
MOUSUMI DEB ROY,M/S
(PAN:AWLPR6540D)
(Member : BSE)
|
|
|
|
MOUSUMI DEB ROY
PAN:AWLPR6540D
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH REVERSAL OF TRADE AND FICTITIOUS TRANSACTIONS IN STOCK OPTIONS UNDER EQUITY DERIVATIVE SEGMENT
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 17-FEB-2016 TILL FURTHER ORDERS
17-FEB-2016
|
SAT: SAT VIDE ITS ORDER DATED 18/03/2016 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 17/02/2016. APPELLANTS HEREIN WOULD NOT COME IN WAY OF SEBI TO INITIATE PROCEEDINGS AGAINST APPELLANTS. NO COSTS
SEBI VIDE ITS ORDER DATED 12/08/2016 BROUGHT ON RECORD THAT TRADING MEMBER HAVE VOLUNTARILY CLOSED THE BUSINESS AT BSE EQUITY DERIVATIVES SEGMENT W.E.F. 06/06/2016
SEBI VIDE ITS ORDER DATED 12/08/2016 DIRECTED TRADING MEMBERS TO CO-OPERATE WITH SEBI IN THE ON-GOING INVESTIGATION AND PROVIDE ALL THE INFORMATION AND DOCUMENTS THAT MAY BE SOUGHT BY SEBI IN THIS REGARD
|
| 455 |
|
|
MPC SECURITIES LTD.
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SUBHASH PROJECTS & MARKETING LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(4) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SUBHASH PROJECTS & MARKETING LTD.
|
IMPOSED PENALTY RS.3,00,000
28-FEB-2011
|
SAT: SAT VIDE ITS ORDER DATED 19/04/2023 ALLOWED APPELLANT TO TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/07/2023 REJECTED THE REVIEW APPLICATION
SAT: SAT VIDE ITS ORDER DATED 20/10/2023 DISMISSED REVIEW APPLICATION. NO COSTS
|
| 456 |
|
|
MPSE SECURITIES LTD.
(PAN:AADCM6438L)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ENTERING INTO AGREEMENT WITH CLIENT AS REQUIRED UNDER CLAUSE D (2) OF CODE OF CONDUCT FOR BROKERS AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED NON MAINTENANCE OF AGREEMENT AS REQUIRED UNDER CLAUSE 1(N) OF REGULATION 17 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN MAINTAINING TRIPARTILE AGREEMENT BETWEEN BROKER-SUB BROKER AND CLIENTS AS REQUIRED VIDE SEBI CIRCULAR NO.SEBI/MRD/DOPS/CIR-11/2005 DATED 12/05/2005
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
15-JUN-2009
|
|
| 457 |
|
|
MSB E-TRADE SECURITIES LTD.
(PAN:AAACB2837M)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH REVERSAL OF TRADE AND FICTITIOUS TRANSACTIONS IN STOCK OPTIONS UNDER EQUITY DERIVATIVE SEGMENT
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 17-FEB-2016 TILL FURTHER ORDERS
17-FEB-2016
|
SAT: SAT VIDE ITS ORDER DATED 20/02/2016 QUASHED AND SET ASIDED IMPUGNED EX-PARTE AD-INTERIM ORDER DATED 17/02/2016. NO COSTS
SEBI VIDE ITS ORDER DATED 12/08/2016 DIRECTED TRADING MEMBERS TO CO-OPERATE WITH SEBI IN THE ON-GOING INVESTIGATION AND PROVIDE ALL THE INFORMATION AND DOCUMENTS THAT MAY BE SOUGHT BY SEBI IN THIS REGARD
|
| 458 |
|
|
MUKESH BABU SECURITIES LTD.
(Member : BSE/NSE)
|
|
|
INDULGED IN SYNCHRONIZED TRADING IN SCRIP OF GLOBAL TRUST BANK LTD.
VIOLATED SEBI CODE OF CONDUCT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-OCT-2004 TO 30-SEP-2005
10-SEP-2004
|
SAT: APPEAL DISMISSED LEAVING PARTIES TO BEAR THEIR OWN COSTS
|
| 459 |
|
|
MUKESH DOKANIA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SANGOTRI CONSTRUCTIONS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(4) AND B(4)(A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SANGOTRI CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.5,00,000
21-JAN-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 460 |
|
|
MULTIPLEX CAPITAL LTD.
(PAN:AAACM1761B)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 9(F) READ WITH CLAUSES A(1) TO A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF A2Z INFRA ENGINEERING LTD.
|
IMPOSED PENALTY RS.1,00,000
11-JUN-2021
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 23 of 40
|
