| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 561 |
|
LKP SECURITIES LTD.
(PAN:AAACL0963A)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 562 |
|
|
LOHIA SECURITIES LTD.
(PAN:AAACL5834A)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 563 |
|
|
LOTUS INVESTMENTS & SECURITIES
(Member : NSE)
|
|
|
IN THE CASE OF HITECHI JEWELLERY INDUSTRIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-JUN-2002 TO 14-JUL-2002
15-JUL-2002
|
|
| 564 |
|
|
M P VORA SHARES & SECURITIES PVT.LTD.
(PAN:AABCM3784B)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF DENIM ENTERPRISES LTD. (NOW KNOWN AS DIVINE ENTERTAINMENT LTD.)
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) A(4) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF DENIM ENTERPRISES LTD. (NOW KNOWN AS DIVINE ENTERTAINMENT LTD.)
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 31-MAY-2012 TO 30-JUN-2012
10-MAY-2012
|
SAT: SAT VIDE ITS ORDER DATED 22/08/2012 REDUCED THE PENALTY TO PROHIBITING APPELLANT TO TAKE UP NEW ASSIGNMENT FOR A PERIOD OF ONE MONTH FROM DATE OF THIS ORDER. NO ORDER AS TO COSTS
|
| 565 |
|
|
M P VORA SHARES & SECURITIES PVT.LTD.
(PAN:AABCM3784B)
(Member : BSE)
|
|
|
IN THE CASE OF SOUNDCRAFT INDUSTRIES LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUL-2002
|
|
| 566 |
|
|
M.AGARWAL STOCK BROKERS PVT.LTD.
(Member : DSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN MAINTAINING INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES, NOT COMPLIED WITH STATUTORY REQUIREMENTS AND FILING FALSE OR MISLEADING RETURNS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) AND C(6) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF KARISHMA FLORICULTURE LTD.
ALLEGED INDULGENCE IN PRICE MANIPULATION THROUGH IRREGULAR TRANSACTIONS IN SCRIP OF KARISHMA FLORICULTURE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
09-OCT-2009
|
|
| 567 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
ACTED IN CONCERT WITH OTHER BROKERS TO CREATE ARTIFICIAL MARKET AND PRICE RISE THROUGH CONTINUOUS SELF DEALS EXECUTED AT ONE TERMINAL AND CROSS DEALS AMONG THEMSELVES
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-SEP-2005 TILL FURTHER ORDERS
29-SEP-2005
|
DIRECTED THAT INTERIM ORDER DATED 29/09/2005 SHALL REMAIN IN FORCE TILL FURTHER ORDERS
RESTRAINT ORDER IMPOSED BY WAY OF INTERIM ORDERS DATED 29/09/2005 AND 30/11/2005 AND LATER CONFIRMED BY ORDERS DATED 12/01/2006 AND 31/05/2006 VACATED
|
| 568 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
FAILED IN MAINTAINING INTEGRITY, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) AND B(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
IMPOSED PENALTY RS.5,00,000
11-AUG-2009
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 569 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
INDULGED IN PRICE MANIPULATION AND CREATION OF ARTIFICIAL MARKET BY SELF TRADES, REVERSE OF TRADE TRANSACTIONS, SYNCHRONIZED TRADES AND CROSS DEALS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
|
IMPOSED PENALTY RS.2,00,000
20-NOV-2008
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 570 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS & OFF-MARKET TRANSACTIONS IN SCRIP OF G.R.INDUSTRIES & FINANCE 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 FOR STOCK BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF G.R.INDUSTRIES & FINANCE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-APR-2013 TO 25-JUL-2013
05-APR-2013
|
|
| 571 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES, CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF STENLY CREDIT CAPITAL 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) IN MATTER OF STENLY CREDIT CAPITAL LTD.
|
IMPOSED PENALTY RS.3,00,000
05-OCT-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 572 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF OASIS CINE COMMUNICATIONS 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) AND B(4)(A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF OASIS CINE COMMUNICATIONS LTD.
|
IMPOSED PENALTY RS.2,00,000
03-JAN-2011
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 573 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF SHREE NIDHI TRADING CO.LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED 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 SHREE NIDHI TRADING CO.LTD.
|
IMPOSED PENALTY RS.1,50,000
08-SEP-2009
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 574 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF BACCHHAT INVESTMENT & FINANCE LTD.
FAILED IN MAINTAINING INTEGRITY, DUE SKILL & CARE 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 BACCHHAT INVESTMENT & FINANCE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-AUG-2009 TO 18-SEP-2009
29-JUL-2009
|
|
| 575 |
|
|
M.J.PATEL SHARE & STOCK BROKERS LTD.
(Member : BSE)
|
|
|
|
MAHESH J.PATEL
|
|
INDULGED IN TRANSACTIONS WITH INTENTION OF ARTIFICIALLY DEPRESSING THE PRICE OF SCRIP OF MAGIC TRADING & AGENCIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-AUG-2004 TO 07-JAN-2005
19-JUL-2004
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE
|
| 576 |
|
|
M.J.PATEL SHARE & STOCK BROKERS LTD.
(Member : BSE)
|
|
|
|
MAHESH J.PATEL
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
AIDED AND ABETTED CLIENTS IN PRICE MANIPULATION IN SCRIP OF SNOWCEM INDIA LTD. BY EXECUTING ORDERS ON THEIR BEHALF
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-SEP-2004 TO 20-JAN-2005
31-AUG-2004
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE
|
| 577 |
|
|
M.J.PATEL SHARE & STOCK BROKERS LTD.
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN MANIPULATIVE TRANSACTIONS IN SCRIP OF COROMANDAL FERTILIZERS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
06-JAN-2009
|
|
| 578 |
|
|
M.J.PATEL,M/S
(Member : BSE)
|
|
|
|
MAHESH J.PATEL
|
|
EXECUTED TRANSACTIONS FOR THE PURPOSE OF ARTIFICIALLY RAISING PRICE OF SCRIP OF MJP LEASING LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 18-FEB-2002 TO 17-APR-2002
12-FEB-2002
|
SAT: APPEAL ALLOWED
|
| 579 |
|
|
M.K.SECURITIES LTD.
(Member : HSE)
|
|
|
|
MOHAN RAO
|
|
|
Y.RAVI PRASAD
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF MARUTI ORGANICS LTD.
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 16-JAN-2003
16-JAN-2003
|
|
| 580 |
|
|
M.PRASAD & CO.
(Member : CSE)
|
|
|
|
MAHABIR PRASAD BUBNA
|
|
INDULGED IN IRREGULARITIES IN SCRIP OF GROB TEA LTD.
|
NOT AVAILABLE
29-SEP-2003
|
ORDER DATED 29/09/2003 DISPOSED OFF WITHOUT ANY PENALTY, AS PROPRIETOR MAHABIR PRASAD BUBNA OF STOCK BROKER FIRM M.PRASAD & CO. EXPIRED ON 10/05/2005
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 29 of 62
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