| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 501 |
|
SMIFS SECURITIES LTD.
(Member : CSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED FAILURE IN MAINTENANCE OF CLIENT DATABASE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
17-SEP-2008
|
|
| 502 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| 503 |
|
|
SOMANI STOCK BROKING PVT.LTD.
(Member : CSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
EXECUTED NEGOTIATED DEALS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-OCT-2002 TO 13-APR-2003
17-OCT-2002
|
|
| 504 |
|
|
SOSHA CREDIT PVT.LTD.
(PAN:AAECS2108L)
(Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
|
IMPOSED PENALTY RS.2,00,000
27-JUL-2018
|
|
| 505 |
|
|
SPFL SECURITIES LTD.
(PAN:AABCS2452C)
(Member : BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2019
|
|
| 506 |
|
|
SPFL SECURITIES LTD.
(PAN:AABCS2452C)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2019
|
|
| 507 |
|
|
SPICA FINSTOCK LTD.
(Member : ASE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-JUN-2003 TO 22-SEP-2003
30-MAY-2003
|
|
| 508 |
|
|
SPT SECURITIES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
ALLEGED INDULGENCE IN OFF-MARKET TRANSACTIONS
ALLEGED IRREGULAR USE OF CLIENT’S SECURITIES AND FUNDS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 509 |
|
|
SREE SWAYAMBU STOCKS & SHARES
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
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
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JUN-1998
|
|
| 510 |
|
|
SS CORPORATE SECURITIES LTD.
(PAN:AABCS3726M)
(Member : BSE/NSE)
|
|
|
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
|
IMPOSED PENALTY RS.3,00,000
19-AUG-2024
|
|
| 511 |
|
|
SSJ FINANCE & SECURITIES PVT.LTD.
(PAN:AABCS4245H)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT REPORT FUND AND SECURITIES BALANCES
WRONG REPORTING OF STOCK HOLDING TO STOCK EXCHANGES
DID NOT SUBMIT NET WORTH CERTIFICATE TO STOCK EXCHANGES
DID NOT VERIFY PANS ON KRA SITE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.5,00,000
23-MAR-2023
|
|
| 512 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT SETTLE OF FEW OF CLIENTS A/C OF BOTH FUNDS AND SECURITIES WHO HAVE CREDIT BALANCE IN THEIR ACCOUNT
DID NOT SETTLE SECURITIES COMPONENT OF CLIENTS ACCOUNT ON GROUNDS THAT FUNDS COMPONENT HAD NOT BEEN SETTLED FOR REASON OF CLIENTS A/C HAVING BALANCE LESS THAN RS.500 OR RS.10,000
RETAINED HUGE QUANTITIES OF SCRIP OF CLIENTS ON GROUNDS OF CLIENTS HAVING DUES TO BROKER AND WHERE VALUE OF SCRIP HELD ARE HIGH AND DISPROPORTIONATE TO AMOUNT DUE FROM CLIENTS
RETAINED SCRIP OF INACTIVE CLIENTS ON GROUNDS OF CLIENTS HAVING DUES TO BROKER AND WHERE VALUE OF SCRIP HELD ARE HIGHER THAN AMOUNT DUE FROM CLIENTS
|
IMPOSED PENALTY RS.2,00,000
16-JUL-2018
|
|
| 513 |
|
|
STOCKHOLDING SERVICES LTD.
(PAN:AAJCS5661H)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT GENERATE AND/OR SEND RETENTION STATEMENT
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DISCREPANCIES IN WEEKLY HOLDING SUBMITTED TO STOCK EXCHANGES
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
MISMATCH IN LEDGER BALANCE IN DAILY MARGIN STATEMENT
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
COLLECTED INADEQUATE MARGIN UNDER MARGIN TRADING FACILITY FROM CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
07-OCT-2025
|
|
| 514 |
|
|
STOCKHOLDING SERVICES LTD.
(PAN:AAJCS5661H)
(Member : NSE/BSE/MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
RETAINED EXCESS MARGIN
DID NOT GENERATE AND/OR SEND RETENTION STATEMENT
DISCREPANCIES IN STOCK RECONCILIATION
DISCREPANCIES IN WEEKLY HOLDING SUBMITTED TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
CAPTURED INCORRECT DATE OF BIRTH OF CLIENTS
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
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
COLLECTED INADEQUATE MARGIN UNDER MARGIN TRADING FACILITY FROM CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
PROVIDED INCOMPLETE AND INACCURATE INFORMATION / DOCUMENTS
|
IMPOSED PENALTY RS.10,00,000
20-DEC-2024
|
|
| 515 |
|
|
STOCKHOLDING SERVICES LTD.
(PAN:AAJCS5661H)
(Member : NSE/BSE)
|
|
|
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
UPLOADED CLIENTS EMAIL ID AND MOBILE NUMBER AS AUTHORISED PERSON EMAIL ID AND MOBILE NUMBER
UPLOADED INCORRECT BANK DETAILS OF CLIENTS TO STOCK EXCHANGES
DID NOT HAVE ADEQUATE SYSTEMS TO ENSURE THAT MARGIN REQUIREMENT/ HIGHEST TURNOVER IN PROPORTION TO THE INCOME PROOF DECLARED BY CLIENT
|
IMPOSED PENALTY RS.9,00,000
07-JAN-2025
|
|
| 516 |
|
|
SUBHASH BAHETI & CO.
(Member : CSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DEFICIENCIES IN REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-2006 TO 15-JUN-2006
11-MAY-2006
|
|
| 517 |
|
|
SUBHASH GANGWAL,M/S
(Member : JSE)
|
|
|
|
SUBHASH GANGWAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.40,000
03-NOV-2004
|
|
| 518 |
|
|
SUBHASH KARKHANIS SHARE & STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ENTER INTO AGREEMENT WITH SUB-BROKERS
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-DEC-2001 TO 16-MAR-2002
19-DEC-2001
|
|
| 519 |
|
|
SUBHKAM SECURITIES PVT.LTD.
(PAN:AADCS4498N)
(Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
USED CLIENTS' ACCOUNT FOR PAYMENT OF OWN OBLIGATIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
24-JAN-2006
|
|
| 520 |
|
|
SUDHIR RATHI
(Member : PSE)
|
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-FEB-1999 TO 11-AUG-1999
05-FEB-1999
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 26 of 30
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