| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 481 |
|
SHAREKHAN LTD.
(PAN:AAECS5096H)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT REPORT CORRECT DEBIT AND/OR CREDIT BALANCE UNDER RISK-BASED SUPERVISION SUBMITTED TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.2,00,000
18-OCT-2024
|
SAT: SAT VIDE ITS ORDER DATED 13/11/2024 GRANTED APPELLANT A WEEK TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 02/07/2025 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED TWO WEEKS THEREAFTER.
|
| 482 |
|
|
SHILPA SHARES & SECURITIES LTD.
(Member : NSE)
|
|
|
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-MAY-2002 TO 19-AUG-2002
24-MAY-2002
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 483 |
|
|
SHREE BAHUBALI STOCK BROKING LTD.
(PAN:AAECS4019E)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT ISSUE STATEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,50,000
30-AUG-2022
|
SEBI VIDE ITS NOTICE DATED 11/05/2023 DIRECTED TO PAY RS.6,06,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 15/05/2023 CANCELLED THE RECOVERY PROCEEDINGS IN THE MATTER OF SHREE BAHUBALI STOCK BROKING LTD. IN RECOVERY CERTIFICATE NO.6535 OF 2023 DATED 11/05/2023
|
| 484 |
|
|
SHREE NAMAN SECURITIES & FINANCE PVT.LTD.
(PAN:AAACN1917G)
(Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
|
IMPOSED PENALTY RS.10,00,000
26-APR-2019
|
|
| 485 |
|
|
SHREE RAM & CO.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT ROUTE CLIENT'S MONEY THROUGH SEPARATE BANK ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-1998
|
|
| 486 |
|
|
SHREE TISAI CONSULTANT PVT.LTD.
(PAN:AAHCS2180D)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
|
IMPOSED PENALTY RS.7,00,000
25-NOV-2022
|
|
| 487 |
|
|
SHRENI SHARES PVT.LTD.
(CIN:U67190MH2009PTC195845
PAN:AANCS4073K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MISMATCH IN DATA SUBMITTED TOWARDS WEEKLY MONITORING OF CLIENT FUNDS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
REPORTED WRONG NET WORTH TO EXCHANGE
|
IMPOSED PENALTY RS.3,00,000
13-SEP-2021
|
|
| 488 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED TRANSFER OF TRADES FROM ONE PRO-ACCOUNT TO ANOTHER PRO-ACCOUNT
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE IN MAINTENANCE OF DETAILS OF BRANCHES AND TRADING TERMINALS
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE WHILE OPENING BENEFICIAL OWNER ACCOUNTS
ALLEGED INDULGENCE IN WITHDRAWAL OF LARGE CASH AND DEPOSIT IN GROUP COMPANY
ALLEGED FAILURE IN FRAMING ANY POLICY FRAMEWORK AND DID NOT APPOINT ANY PRINCIPAL OFFICER UNDER ANTI MONEY LAUNDERING STANDARDS
ALLEGED DISCREPANCIES IN DISTRIBUTION OF NEAT/CTSL TERMINALS AND ILLEGAL DISTRIBUTION OF TRADING TERMINALS AT BRANCHES
ALLEGED OPERATING TERMINALS FROM UNDISCLOSED PREMISES AND BY UNAUTHORISED USERS AT BRANCHES
ALLEGED PERMISSION TO DEALERS WITHOUT NCFM CERTIFICATION TO DEAL IN DERIVATIVE TRADING
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.53,00,000 VIDE CONSENT ORDER)
06-SEP-2010
|
|
| 489 |
|
|
SHRI VENKATESH STOCK BROKER SERVICES INDIA PVT.LTD.
(PAN:AAPCS0953C)
(Member : BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN/ PROVIDE DAILY RECONCILIATION STATEMENT FOR TRANSACTION BETWEEN CLIENT ACCOUNT AND OWN ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
REPORTED WRONG NET WORTH TO EXCHANGE
|
IMPOSED PENALTY RS.5,00,000
28-JAN-2025
|
SEBI VIDE ITS ORDER DATED 15/05/2025 DISPOSED OF SCN DATED 21/02/2025 AND DIRECTED SEBI TO ADVISE THE BSE TO ENSURE CORRECTIVE MEASURES TO IMPRESS UPON THE NOTICEE TO CALL BACK ALL LOANS & ADVANCES OUTSTANDING AS ON DATE
|
| 490 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
|
|
|
|
SHRIKANT G.MANTRI
|
|
ALLEGED NON-MAINTENANCE OF CONSENT OF CLIENTS IN RESPECT OF CONTRACTS
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED DELAY IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE TO REPORT OFF-THE-FLOOR TRANSACTIONS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED FAILURE IN MAINTENANCE OF CERTAIN BOOKS OF ACCOUNTS AND RECORDS SUCH AS ORDER BOOK, MARGIN DEPOSIT BOOK, REGISTER OF ACCOUNT OF SUB BROKER
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
05-FEB-2008
|
|
| 491 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : BSE/NSE,Depository Participants : CDSL/NSDL)
|
|
|
DID NOT SEND PLEDGE STATEMENTS TO CLIENTS
DID NOT SETTLE OR HAD RETAINED HUGE AMOUNT OF SECURITIES IN EXCESS OF OBLIGATIONS OF CLIENTS
DID NOT REPORT FUND AND SECURITIES BALANCES
DID NOT UPLOAD KYC DATA WITH CKYCR
|
IMPOSED PENALTY RS.5,00,000
13-OCT-2020
|
|
| 492 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT POWER OF ATTORNEY (POA)
DELAY IN OPENING OF ACCOUNTS OF CLIENTS
WRONG/DELAY INTIMATION OF DETAILS OF ID AND LOCATION OF CTCL/IML TO EXCHANGE
DID NOT HAVE PROPER ORDER MANAGEMENT SYSTEM IN PLACE
SHORT COLLECTION OF MARGIN FROM CLIENTS IN DERIVATIVE SEGMENT
DEFICIENCIES IN SYSTEMS AUDIT REPORT FOR YEAR 2011-12
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT MAINTAIN MAINTENANCE MARGIN
|
IMPOSED PENALTY RS.10,00,000
26-JUN-2020
|
SAT: SAT VIDE ITS ORDER DATED 04/01/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 26/06/2020
|
| 493 |
|
|
SHUBHAM & CO.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND DOCUMENT REGISTER
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT APPOINT COMPLIANCE OFFICER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MONITOR CLIENT TO CLIENT POSITION OF FUNDS
DID NOT PAY TURNOVER FEE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
12-JAN-2006
|
|
| 494 |
|
|
SI INVESTMENTS & BROKING PVT.LTD.
(Member : BSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
NETTED TRANSACTIONS SCRIP WISE AND THEN REPORTED AS CARRY FORWARD TRANSACTIONS TO EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
21-FEB-2000
|
|
| 495 |
|
|
SIC STOCKS & SERVICES PVT.LTD.
(PAN:AAHCS8176P)
(Member : NSE/BSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
PASSED INCORRECT JOURNAL VOUCHERS IN CLIENT LEDGERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
DID NOT MAKE DISCLOSURE OF EXCHANGE LEVEL INTERNAL ALERTS GENERATED
DID NOT FURNISH CASH FLOW STATEMENTS
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.30,00,000
24-MAR-2023
|
SEBI VIDE ITS NOTICE DATED 04/07/2023 DIRECTED TO PAY RS.31,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/08/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 12/09/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.32,11,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS ORDER DATED 20/01/2026 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, SOUTHERN REGIONAL OFFICE, CHENNAI D) DEFAULTERS AND INSPECTOR GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND SPECIFICALLY TO THE CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS IN THE STATE OF KARNATAKA E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY THE DEFAULTER, INCLUDING THE SAID PROPERTIES, IF PRESENTED FOR REGISTRATION
SEBI VIDE ITS NOTICE DATED 18/05/2026 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 16/08/2023
SEBI VIDE ITS ORDER DATED 18/05/2026 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6745 OF 2023 DATED 04/07/2023
|
| 496 |
|
|
SINGHANIA BROTHERS PVT.LTD.
(Member : CSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-JUL-1999 TO 22-AUG-1999
20-JUL-1999
|
|
| 497 |
|
|
SINGHI FINLEASE PVT.LTD.
(Member : BGSE)
|
|
|
|
DINESH SINGH
|
|
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN FUNDS LENDING/BORROWING NOT RELATED TO/CONSEQUENTIAL TO/CONNECTED TO SECURITIES MARKET
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-NOV-2006 TO 01-DEC-2006
12-OCT-2006
|
|
| 498 |
|
|
SKC SHARE & STOCK BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-SEP-2003 TO 02-SEP-2004
13-AUG-2003
|
|
| 499 |
|
|
SKG STOCK & SHARE BROKERS LTD.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-AUG-2002
|
|
| 500 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.10,00,000
18-JUL-2019
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 25 of 30
|
