| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 561 |
|
VISHAL VIJAY SHAH,M/S
(PAN:BBJPS3622P)
(Member : BSE)
|
|
|
|
VISHAL VIJAY SHAH
PAN:BBJPS3622P
|
|
ISSUED FICTITIOUS CONTRACT NOTES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRADES AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF MAHARASHTRA POLYBUTENES LTD.
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 29-JAN-2021 TO 28-JAN-2022
DEBARRED FROM BEING EMPLOYED OR ASSOCIATED WITH ANY REGISTERED INTERMEDIARIES OR OTHER PERSON DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY AND IN ANY OTHER MANNER FROM 29-JAN-2021 TO 28-JAN-2022
08-JUL-2020
|
SEBI VIDE ITS ORDER DATED 08/01/2021 DIRECTED TO DEBAR FROM BEING EMPLOYED OR ASSOCIATED WITH ANY REGISTERED INTERMEDIARY OR OTHER PERSON DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY AND IN ANY OTHER MANNER FOR A PERIOD OF ONE YEAR
SAT: SAT VIDE ITS ORDER DATED 22/03/2021 DISMISSED THE APPEAL
|
| 562 |
|
|
VISHAL VIJAY SHAH,M/S
(PAN:BBJPS3622P)
(Member : BSE)
|
|
|
|
VISHAL VIJAY SHAH
PAN:BBJPS3622P
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
ACCEPTED PAYMENTS FROM THIRD PARTIES IN CASH AND MADE PAYMENTS TO THIRD PARTIES ON BEHALF OF CLIENTS AND WITHDREW
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 22-JUL-2020 TO 21-JUL-2021
01-JUL-2020
|
|
| 563 |
|
|
VISHAL VIJAY SHAH,M/S
(PAN:BBJPS3622P)
(Member : BSE)
|
|
|
|
VISHAL VIJAY SHAH
PAN:BBJPS3622P
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
TRANSFERRED SHARES TO NON-CLIENTS
MADE PAYMENTS TO THIRD PARTIES ON BEHALF OF CLIENTS AND WITHDREW CASH FROM CLIENT ACCOUNTS
|
IMPOSED PENALTY RS.15,00,000
23-FEB-2018
|
|
| 564 |
|
|
VKB CAPITAL SERVICES LTD.
(Member : LSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
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
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-2004 TO 06-APR-2004
17-DEC-2003
|
|
| 565 |
|
|
VNS FINANCE & CAPITAL SERVICES LTD.
(PAN:AAACV6221B)
(Depository Participants : CDSL,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 UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT REPORTING OF RISK-BASED SUPERVISION OF DATA TO STOCK EXCHANGES
PROVIDED INCORRECT COLLATERAL DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.11,00,000
15-DEC-2022
|
|
| 566 |
|
|
VSE STOCK SERVICES LTD.
(PAN:AABCV4258K)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN CLIENT ORDER PLACEMENT EVIDENCE DURING INSPECTION PERIOD
DID NOT ACCEPT AS NO NAME/ SIGNATURE /STAMP OF INSPECTING OFFICIALS IN INSPECTION REPORTS OF 2019, 2022 AND 2023 AS AVAILABLE ON RECORD
DID NOT DISPLAY DO’S AND DON’TS AS PER PRESCRIBED FORMAT
DID NOT DISPLAY SEBI REGISTRATION CERTIFICATE & INFORMATION REGARDING GRIEVANCE REDRESSAL MECHANISM
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
|
IMPOSED PENALTY RS.2,00,000
30-SEP-2024
|
|
| 567 |
|
|
WAY2WEALTH BROKERS PVT.LTD.
(PAN:AAACW3290M)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/MCX/BGSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.3,00,000
25-AUG-2021
|
|
| 568 |
|
|
YELKAYES FINANCIAL CONSULTANTS & INVESTMENTS LTD.
(Member : NSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-MAY-2003 TO 22-SEP-2003
02-MAY-2003
|
|
| 569 |
|
|
YES SECURITIES (INDIA) LTD.
(PAN:AAACY6065C)
(Member : BSE/NSE/MSEI)
|
|
|
DELAY IN SENDING RETENTION STATEMENT TO CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT ADHERE TO LEVERAGE AND EXPOSURE LIMITS AS PRESCRIBED WHILE GRANTING MARGIN TRADING FACILITY
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.5,00,000
27-SEP-2023
|
|
| 570 |
|
|
YOGENDRA SHARMA,/MS
(Member : UPSE)
|
|
|
|
YOGENDRA SHARMA
|
|
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
MISUSED DEBIT NOTE FACILITY IN STOCK EXCHANGE
DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-1999 TO 30-NOV-1999
24-MAY-1999
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 29 of 29
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