| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL AND CARE OF CODE OF CONDUCT AS STOCK BROKER BY NOT KEEPING EVIDENCE OF ORDER INSTRUCTIONS OF CLIENTS IN MATTER OF FRONT RUNNING OF THE TRADES OF BIG CLIENT BY CHATURVEDI GROUP
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.34,85,000 VIDE CONSENT ORDER)
18-SEP-2025
|
|
| 42 |
|
|
MOTISONS COMMODITIES PVT.LTD.
(PAN:AADCM7184M)
(Member : MCX/NCDEX)
|
|
|
DID NOT DEDUCT ADVANCE OF RS.5.53 CRORE WHICH WAS OVERDUE FOR MORE THAN THREE MONTHS WHILE CALCULATING NET WORTH
ENGAGED IN BUSINESS OTHER THAN SECURITIES
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 14-MAY-2025 TO 28-MAY-2025
14-MAY-2025
|
|
| 43 |
|
|
MOTISONS SHARES PVT.LTD.
(PAN:AAECM3530C)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DID NOT RECORD TRADE DETAILS OF BSE CURRENCY DERIVATIVES SEGMENT
DID NOT KEEP EVIDENCE IN RESPECT OF ORDER PLACED BY CLIENTS
MADE INCORRECT REPORTING WITH RESPECT TO MULTIPLE HEADS OF WEEKLY SUBMISSION
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT UNDERTAKE REPORTING AND TAGGING OF BANK ACCOUNTS
ENGAGED IN BUSINESS OTHER THAN SECURITIES OR COMMODITY DERIVATIVES INVOLVING PERSONAL FINANCIAL LIABILITY
|
IMPOSED PENALTY RS.12,00,000
12-AUG-2025
|
|
| 44 |
|
|
MPSE SECURITIES LTD.
(PAN:AADCM6438L)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ENTERING INTO AGREEMENT WITH CLIENT AS REQUIRED UNDER CLAUSE D (2) OF CODE OF CONDUCT FOR BROKERS AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED NON MAINTENANCE OF AGREEMENT AS REQUIRED UNDER CLAUSE 1(N) OF REGULATION 17 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN MAINTAINING TRIPARTILE AGREEMENT BETWEEN BROKER-SUB BROKER AND CLIENTS AS REQUIRED VIDE SEBI CIRCULAR NO.SEBI/MRD/DOPS/CIR-11/2005 DATED 12/05/2005
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
15-JUN-2009
|
|
| 45 |
|
|
MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.
(Member : NSE/OTC)
|
|
|
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 26(XX) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,50,000
24-SEP-2009
|
|
| 46 |
|
|
N.KHEMANI & CO.
(Member : CSE)
|
|
|
|
N.KHEMANI
|
|
VIOLATED SECTION 19 (1) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
VIOLATED REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 47 |
|
|
NITIN BHANSILAL CHOKSHI,M/S
(Member : ASE)
|
|
|
|
NITIN BHANSILAL CHOKSHI
|
|
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 48 |
|
|
ONELIFE CAPITAL ADVISORS LTD.
(PAN:AAACO9540L)
(Member : BSE)
|
|
|
ALLEGED VIOLATION OF REGULATION 6 (GG) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 READ WITH SCHEDULE II OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
ALLEGED VIOLATION OF REGULATION 5 (E) READ WITH 5A OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.16,80,000 VIDE CONSENT ORDER)
09-FEB-2017
|
|
| 49 |
|
|
PARK LIGHT INVESTMENT PVT.LTD.
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN SCRIP OF WELLWORTH OVERSEAS LTD.
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
09-APR-2009
|
|
| 50 |
|
|
PAWAN J.CHAUDHARY,M/S
(PAN:AABPC4327R)
(Member : BSE)
|
|
|
|
PAWAN J.CHAUDHARY
PAN:AABPC4327R
|
|
ALLEGED VIOLATION OF REGULATION 4(1),4(2) (A),(B),(G) AND (N) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VIJAY TEXTILES LTD.
ALLEGED VIOLATION OF REGULATION 7 OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF VIJAY TEXTILES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)
05-JAN-2009
|
|
| 51 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : NSE)
|
|
|
DID NOT MAINTAIN ADEQUATE SYSTEMS FOR RECORDING OF ORDER PLACEMENT BY CLIENTS
DID NOT MAINTAIN PROPER SEGREGATION AND DEMARCATION AT AUTHORISED PERSONS OFFICE
DID NOT ENSURE THAT ITS AUTHORIZED PERSONS ENGAGED ONLY IN PERMITTED ACTIVITIES
DID NOT INSPECT BOOKS OF ACTIVE REGISTERED AUTHORISED PERSON AS PER APPLICABLE GUIDELINES
ENTRUSTED CTCL/DEALER TERMINALS TO ITS CLIENTS OTHER THAN APPROVED PERSONS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT REPORT CLIENTS MAPPED TO AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.9,00,000
29-NOV-2024
|
|
| 52 |
|
|
ROYAL INTERNATIONAL SHARES PVT.LTD.
(CIN:U67110WB2010PTC145276
PAN:AAECR7263H)
(Member : BSE/NSE)
|
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT MAINTAIN ADEQUATE INTEREST FREE DEPOSIT ON NSE VIOLATING REGULATION 9(B) OF (STOCK BROKER) REGULATIONS, 1992
DID NOT SUBMIT NETWORTH CERTIFICATE AND ANNUAL AUDITED ACCOUNTS TO BSE FOR PERIOD ENDED MARCH 31, 2013 VIOLATING REGULATION 9(B) OF (STOCK BROKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 28-FEB-2020
28-FEB-2020
|
|
| 53 |
|
|
SANJAY KHEMANI,M/S
(Member : CSE/MPSE)
|
|
|
|
SANJAY KHEMANI
|
|
VIOLATED SECTION 19 (1) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED SECTION 4 OF SEBI (PFUTP) REGULATIONS, 1995
VIOLATED REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 54 |
|
|
SEEMA SECURITIES PVT.LTD.
(PAN:AACCS7683Q)
(Depository Participants : CDSL,Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
ALLOWED TERMINAL TO UNAUTHORISED USERS
DIRECTORS ACTED AS SUB-BROKER VIOLATING REGULATION 15A OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT HAVE EXCLUSIVE E-MAIL ID FOR REDRESSAL OF INVESTOR GRIEVANCES
PAID INTEREST TO CLIENTS ON CREDIT BALANCES VIOLATING RULES 8(1)(F) AND 8(3)(F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
DID NOT BLOCK LOST DEPOSIT INSTRUCTION SLIP (DIS) BOOKLET IN SYSTEM VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
EXECUTED DELIVERY INSTRUCTIONS WITHOUT SIGNATURE OF BENEFICIAL OWNER ON REQUISITION SLIP VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT REFUND CREDIT BALANCE TO CLIENTS AT THE TIME OF CLOSURE OF ACCOUNT VIOLATING CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.5,00,000
01-MAY-2015
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 55 |
|
|
SHREE SHYAM SECURITIES
(Member : ICSE)
|
|
|
|
KAMAL RATHI
|
|
|
MAHESHBHAI TOTLA
|
|
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACQUITTED
|
| 56 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE AND DEAFULT IN ISSUANCE OF CONTRACT NOTE VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND B(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED FAILURE IN MAINTAINING UNIFORMITY IN DOCUMENTS REQUIRED FOR TRADING VIOLATING SEBI CIRCULAR NO.SEBI/MIRSD/DPS-1/CIR31/2004 DATED 26/08/2004
ALLEGED VIOLATION OF REGULATIONS 26(III),(V),(VII),(XII),(XIII) AND (XX) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)
12-APR-2010
|
|
| 57 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : BSE/NSE)
|
|
|
SUBMITTED FAKE/NON-GENUINE B.COM DEGREE CERTIFICATE DECLARING THAT MR.SATISH KUMAR ARYA WAS B.COM GRADUATE, FAILED TO SATISFY CRITERIA FOR FIT & PROPER PERSON MANDATED UNDER INTERMEDIARY REGULATIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
DIRECTED NOT TO EMPLOY/ ENGAGE/ ASSOCIATE WITH MR.SATISH KUMAR ARYA, MANAGING DIRECTOR & CEO WITH RESPECT TO ANY OF ITS FUNCTIONS DIRECTLY OR INDIRECTLY FROM 23-SEP-2024 TO 22-OCT-2024
23-SEP-2024
|
|
| 58 |
|
|
UKS FOREX PVT.LTD.
(PAN:AAACU4567D)
(Member : MCX/NSE/USEIL)
|
|
|
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR CHANGE IN CONTROL OF SHAREHOLDING AS REQUIRED UNDER REGULATION 6A (1) (C) (NOW BECOME 9(C)) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSE A (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO SEBI CIRCULAR CIR/MIRSD/2/2011 DATED 03/06/2011
|
IMPOSED PENALTY RS.4,00,000
29-SEP-2015
|
|
| 59 |
|
|
UNICON SECURITIES PVT.LTD.
(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)
(Member : BSE/NSE)
|
|
|
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,00,000 VIDE CONSENT ORDER)
23-MAY-2011
|
|
| 60 |
|
|
VIVEK FINANCIAL SERVICES
(Member : CMBSE)
|
|
|
|
VENKATASUBRAMANIAN S.
|
|
VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 27-AUG-2004
27-AUG-2004
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 4
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