| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 541 |
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
SUBMITTED INCORRECT INCREASED NET-WORTH TO STOCK EXCHANGE
CREATED MULTIPLE TERMINAL IDS IN SINGLE USER
|
IMPOSED PENALTY RS.10,00,000
31-MAR-2021
|
|
| 542 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT RETENTION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DETAILS OF EMAIL ID AND MOBILE NUMBERS OF CLIENTS
MADE INCORRECT REPORTING OF CLIENTS LEDGER BALANCE
|
IMPOSED PENALTY RS.15,00,000
28-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 22/05/2023 DIRECTED TO PAY RS.15,46,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/06/2023 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 15/06/2023 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 13/06/2023
SAT: SAT VIDE ITS ORDER DATED 06/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 11/09/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 20/10/2023 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/12/2023 REJOINDER TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
|
| 543 |
|
|
SWETHA & CO.
(Member : BGSE)
|
|
|
|
P.RAMESH KUMAR
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT REDRESS INVESTOR COMPLAINTS
SURRENDERED MEMBERSHIP CARD TO EXCHANGE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 04-JAN-2000
04-JAN-2000
|
|
| 544 |
|
|
SYAL & CO.
(Member : LSE)
|
|
|
|
ANUPAM SYAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
04-OCT-1999
|
|
| 545 |
|
|
SYKES & RAY EQUITIES (INDIA) LTD.
(PAN:AAECS5168A)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
TRANSFERRED SECURITIES BELONGING TO CLIENTS TO BROKERS OWN ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.5,50,000
27-MAY-2022
|
|
| 546 |
|
|
T.G.FINANCIAL CONSULTANTS PVT.LTD.
(Member : UPSE)
|
|
|
|
MADHU DUBEY
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
TRANSFERRED SECURITIES WITHOUT OBTAINING WRITTEN CONSENT OF CLIENTS
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-SEP-2006 TO 20-OCT-2006
31-AUG-2006
|
|
| 547 |
|
|
T.N.BANSAL,M/S
(Member : UPSE)
|
|
|
|
T.N.BANSAL
|
|
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ROUTE CLIENT'S TRANSACTIONS THROUGH CLIENT ACCOUNT
DID NOT RECTIFY BAD DELIVERIES IN TIME
MISUSED EXCHANGE MECHANISM TO SETTLE LOAN TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-MAR-1999 TO 29-JUN-1999
24-MAR-1999
|
|
| 548 |
|
|
T.S.THAPAR & CO.
(Member : LSE)
|
|
|
|
T.S.THAPAR
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-JUN-2002 TO 09-AUG-2002 TILL PAYMENT OF SEBI FEE, WHICHEVER IS LATER
19-JUN-2002
|
|
| 549 |
|
|
TIME CAPITAL LTD.
(Member : NSE)
|
|
|
|
MANOJ MITTAL
|
|
DEFAULTED IN MAINTENANCE OF MARGIN REGISTER
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
17-SEP-2007
|
|
| 550 |
|
|
TRADEBULLS SECURITIES PVT.LTD.
(PAN:AADCT2020P)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
|
IMPOSED PENALTY RS.4,00,000
05-MAR-2021
|
|
| 551 |
|
|
TRADESWIFT BROKING PVT.LTD.
(PAN:AAECA3760A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
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
ENGAGED IN BUSINESS OTHER THAN SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.7,00,000
30-NOV-2023
|
|
| 552 |
|
|
TWENTY FIRST CENTURY SHARES & SECURITIES LTD.
(PAN:AAACT2542D)
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
BOOKED PAYMENT IN DIFFERENT CLIENT ACCOUNTS
PROVIDED LOAN AGAINST SHARES OF HOLDING COMPANY
DID LOAN TRANSACTIONS IN CLIENTS ACCOUNTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 553 |
|
|
TWENTY FIRST CENTURY SHARES & SECURITIES LTD.
(PAN:AAACT2542D)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
30-DEC-2005
|
|
| 554 |
|
|
UNICON SECURITIES PVT.LTD.
(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)
(Depository Participants : CDSL,Member : BSE/NSE/MCX/USEIL)
|
|
|
|
GAJENDRA NAGPAL
PAN:AADPN5511A
|
|
|
RAM MOHAN GUPTA
PAN:AGDPG7175M
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FRAUDULENTLY TRANSFERRED CLIENTS’ SECURITIES TO GROUP ENTITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DIVERTED FUNDS FOR UTILIZATION BY ITSELF AND ITS GROUP COMPANIES/ASSOCIATE COMPANIES
EXTENDED MARGIN TRADING FACILITY TO ITS CLIENTS WITHOUT OBTAINING REQUISITE APPROVAL FROM STOCK EXCHANGES
DID NOT CARRY OUT ACTUAL PERIODIC SETTLEMENT OF FUNDS AND SECURITIES OF ITS CLIENTS
DID NOT ENSURE DELIVERY OF SECURITIES AND MAKING PAYMENT OF AMOUNTS DUE TO ITS CLIENTS
DID NOT PROVIDE STATEMENTS OF ACCOUNTS IN RESPECT OF FUNDS OF ITS CLIENTS
DID NOT PROVIDE PERIODIC STATEMENT OF TRANSACTIONS IN SECURITIES AND RESULTANT SHAREHOLDING TO THE BENEFICIAL OWNERS OF SUCH SECURITIES
DID NOT HAVE PERIODIC INTERNAL AUDIT CONDUCTED OF ITS STOCK BROKING AND DEPOSITORY PARTICIPANT OPERATIONS
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR THE CHANGE IN MANAGEMENT AND CONTROL
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 26-MAY-2014 TO 25-MAY-2024
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 26-MAY-2014 TO 25-MAY-2024
15-MAR-2016
|
|
| 555 |
|
|
UNICON SECURITIES PVT.LTD.
(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)
(Member : BSE/NSE)
|
|
|
|
GAJENDRA NAGPAL
PAN:AADPN5511A
|
|
|
NEERAJ GROVER
PAN:AFDPG2918P
|
|
|
RAM MOHAN GUPTA
PAN:AGDPG7175M
|
|
|
SONIA NAGPAL
PAN:AAGPN2936G
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT HAVE PERIODIC INTERNAL AUDIT CONDUCTED OF ITS STOCK BROKING AND DEPOSITORY PARTICIPANT OPERATIONS
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR THE CHANGE IN MANAGEMENT AND CONTROL
EXTENDED MARGIN TRADING FACILITY TO ITS CLIENTS WITHOUT OBTAINING REQUISITE APPROVAL FROM STOCK EXCHANGES
DID NOT CARRY OUT ACTUAL PERIODIC SETTLEMENT OF FUNDS AND SECURITIES OF ITS CLIENTS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DEALT IN SECURITIES IN FRAUDULENT & UNFAIR MANNER AND DEFRAUDED INVESTORS IN SECURITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A), 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
IMPOSED PENALTY RS.15,00,000
30-AUG-2022
|
SEBI VIDE ITS NOTICE DATED 16/05/2025 DIRECTED TO PAY RS.26,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 556 |
|
|
UNICON SECURITIES PVT.LTD.
(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 23-JUN-2021
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
23-JUN-2021
|
|
| 557 |
|
|
USHA GARG & CO.
(Member : LSE)
|
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-MAY-2002 TO 26-JUL-2002 TILL PAYMENT OF SEBI FEE,WHICHEVER IS LATER
24-MAR-2002
|
|
| 558 |
|
|
V.K.DUA & CO.
(Member : DSE)
|
|
|
|
VINOD KUMAR DUA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
06-MAR-2000
|
|
| 559 |
|
|
V.VISHNOI & CO.
(Member : UPSE)
|
|
|
|
VIRENDRA CHANDRA GUPTA
|
|
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ROUTE CLIENT'S MONEY THROUGH SEPARATE BANK ACCOUNT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-FEB-1999 TO 22-MAY-1999
15-FEB-1999
|
|
| 560 |
|
|
VASANTI SHARE BROKERS LTD.
(PAN:AABCV7604F)
(Member : NSE)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.5,00,000
19-NOV-2018
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 28 of 30
|
