| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 581 |
|
M.TIBREWAL & CO.
(Member : CSE)
|
|
|
|
MANOJ KUMAR TIBREWAL
|
|
DID NOT EXERCISE DUE DILIGENCE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF DSQ INDUSTRIES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-NOV-2004 TO 07-NOV-2006
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-NOV-2004 TO 07-NOV-2006
08-NOV-2004
|
|
| 582 |
|
|
MADHUKAR C.SHETH,M/S
(Member : BSE)
|
|
|
|
MADHUKAR C.SHETH
|
|
MANIPULATION IN SCRIP OF AMARA RAJA BATTERIES LIMITED DURING THE PERIOD AUGUST 2000 TO MARCH 2001
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JUN-2002 TO 26-JUN-2004
14-JUN-2002
|
SAT: APPEAL DISMISSED
|
| 583 |
|
|
MADHUVAN SECURITIES PVT.LTD.
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH STRUCTURED AND SELF TRADES IN SCRIP OF ADANI EXPORTS LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES ON BEHALF OF ITS CLIENTS VIOLATING REGULATION 7 READ WITH CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 07-MAR-2016 TO 11-MAR-2016
15-FEB-2016
|
|
| 584 |
|
|
MAGNUM EQUITY BROKING LTD.
(PAN:AAACM5661N)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF FALSE & MISLEADING APPEARANCE OF TRADING BY PUTTING ABNORMALLY LARGE ORDERS OF SHARES AT MUCH BELOW PREVAILING MARKET PRICES IN SCRIPS OF POCHIRAJU INDUSTRIES LTD.,CAMBRIDGE TECHNOLOGY ENTERPRISES LTD.,MINDTREE CONSULTING LTD.,SHREE ASHTAVINAYAK CINE VISION LTD.,PYRAMID SAIMIRA THEATRE LTD. & AL CHAMPDANY INDUSTRIES LTD. ON THE LISTING DATE
|
DIRECTED TO BE CAUTIOUS AND EXERCISE DUE DILIGENCE WHILE DEALING ON BEHALF OF THEIR CLIENTS AS A STOCK BROKER
26-APR-2007
|
|
| 585 |
|
|
MAGNUM EQUITY SERVICES LTD.
(PAN:AAACM4483G)
(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
|
|
| 586 |
|
|
MAHESH J.DOSHI,M/S
(Member : BSE)
|
|
|
|
MAHESH J.DOSHI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY CLIENTS WITHOUT ANY INTENTION OF TAKING OR GIVING DELIVERY OF SHARES OF EONOUR SOFTWARE LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF EONOUR SOFTWARE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
27-DEC-2005
|
|
| 587 |
|
|
MAHESH KOTHARI SHARES & STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO BOMBAY STOCK EXCHANGES AS REQUIRED UNDER SEBI TAKEOVER CODE, 1997 IN MATTER OF ALKA SECURITES LTD.
DID NOT MAKE DISCLOSURE OF DILUTION OF SHAREHOLDING AS REQUIRED UNDER SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF ALKA SECURITES LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH OFF-MARKET TRANSACTIONS IN SCRIP OF ALKA SECURITIES LTD.
|
DIRECTED NOT TO UNDERTAKE ANY PROPRIETARY TRADES IN SECURITIES
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 28-JUL-2009 TILL FURTHER ORDERS
DIRECTED BSE LTD.TO SUBMIT DETAILED REPORT IN MATTER OF ALKA SECURITIES LTD.
DIRECTED NSDL AND CDSL TO FREEZE BENEFICIAL OWNER ACCOUNTS OF PERSONS/ENTITIES
28-JUL-2009
|
EX-PARTE AD-INTERIM ORDER DATED 28/07/2009 CONFIRMED AND DIRECTED BSE AND NSE TO 1) APPOINT AN INDEPENDENT AUDITOR ON OR BEFORE 22/10/2009 TO VERIFY OWNERSHIP OF SHARES LYING IN BENEFICIAL OWNER ACCOUNTS OF THEIR RESPECTIVE TRADING MEMBERS 2) ASK AUDIOTRS TO SUBMIT REPORT WITHIN A PERIOD OF SIX WEEKS FROM DATE OF APPOINTMENT
SAT: APPEAL DISPOSED OFF WITH DIRECTION TO SEBI TO CONCLUDE INVESTIGATIONS EXPEDITIOUSLY BUT NOT LATER THAN 31/03/2010
SEBI VIDE ORDER DATED 28/01/2010 DIRECTED 1.NSE AND BSE TO CONSTITUTE A COMMITTEE OF THREE MEMBERS WHOSE NAMES WILL BE SELECTED BY SEBI WITHIN TWO DAYS FOR PURPOSE OF RELEASE OF SECURITIES TO RESPECTIVE CLIENTS 2.ALKA SECURITIES LTD. AND MAHESH KOTHARI SHARES & STOCK BROKERS PVT.LTD. TO RECONCILE CLIENTWISE SECURITIES REGISTER WITHIN TEN WORKING DAYS 3.MARKET INTERMEDIARIES REGULATION & SUPERVISION DEPT. TO LOOK INTO BOOKS OF ACCOUNTS OF AFORESAID BROKERS AND PROCEDURES ADOPTED BY THEM
SAT: IMPUGNED COMMUNICATION, DECLINING REQUEST TO OPEN FRESH DEPOSITORY ACCOUNT FOR EXISTING CLIENTS, SET ASIDE, VIDE ORDER DATED 26/04/2010
SAT: DIRECTED SEBI THAT IN CASE IT PROPOSES TO PROCEED AGAINST APPLICANTS UNDER SECTION 11B,IT SHOULD ISSUE SHOW CAUSE NOTICE NOT LATER THAN 31/08/2010 AND APPLICANT SHALL RESPOND WITHIN TWO WEEKS FROM DATE OF ITS RECEIPT, WHEREAFTER SEBI SHALL PROCEED IN MATTER AND CONCLUDE PROCEEDINGS BEFORE END OF THIS YEAR
SAT: DIRECTED SEBI VIDE ORDER DATED 16/11/2010, TO RELEASE THE SHARES TO PERSONS AS RECOMMENDED BY THREE MEMBERS COMMITTEE ON THE CONDITIONS MENTIONED IN THEIR REPORT AND AFTER TAKING INTO ACCOUNT THE REPRESENTATION
SEBI VIDE ITS ORDER DATED 30/12/2010 1.PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES IN PROPRIETARY ACCOUNTS, DIRECTLY OR INDIRECTLY,FOR A PERIOD OF ONE YEAR AND 2.DIRECTED NOT TO TAKE FRESH CLIENTS TILL COMPLETION OF ENQUIRY AND PASSING OF FINAL ORDERS THEREON
|
| 588 |
|
|
MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH CROSS, STRUCTURED AND SYNCHRONIZED DEALS IN SCRIP OF SHAMKEN MULTIFAB LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHAMKEN MULTIFAB LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 589 |
|
|
MAHICO PVT.LTD.
(Member : BSE)
|
|
|
ACTED IN CONCERT WITH OTHER BROKERS TO CORNER A VERY LARGE QUANTITY OF SHARES OF BPL, VIDEOCON AND STERLITE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-DEC-1998 TO 31-DEC-1999
26-AUG-1999
|
|
| 590 |
|
|
MAHICO PVT.LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 02-NOV-1998
30-OCT-1998
|
|
| 591 |
|
|
MAITRI MARKFIN PVT.LTD.
(Member : DSE)
|
|
|
|
ASHOK KUMAR DUGAR
|
|
INDULGED IN CREATION OF MISLEADING APPEARANCE OF TRADING AND PRICE MANIPULATION IN SCRIP OF WELCOME COIR INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING ON BEHALF OF CLIENTS IN SCRIP OF WELCOME COIR INDUSTRIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JAN-2009 TO 26-FEB-2009
06-JAN-2009
|
|
| 592 |
|
|
MALAR SHARESHOPPE LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 02-NOV-1998
30-OCT-1998
|
|
| 593 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN SYNCHRONIZED TRANSACTIONS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)
30-JUN-2009
|
|
| 594 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED/SELF/CROSS TRADES IN SCRIP OF RICHA INDUSTRIES LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A (1) TO A (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF RICHA INDUSTRIES LTD.
|
IMPOSED PENALTY RS.7,00,000
19-MAY-2015
|
SAT: SAT VIDE ITS ORDER DATED 22/03/2016 PERMITTED APPEALLANT TO WITHDRAW THE APPEAL AND GRANTED THREE MONTHS TIME FROM THE DATE OF THIS ORDER TO PAY PENALTY
|
| 595 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN AIDING AND ABETTING FINCARE FINANCIAL CONSULTANCY SERVICES PVT.LTD. IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIPS OF BSEL INFRASTRUCTURE REALTY LTD. AND MAHARASHTRA SEAMLESS LTD.
ALLEGED FAILURE IN MAINTENANCE OF 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) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BSEL INFRASTRUCTURE REALTY LTD. AND MAHARASHTRA SEAMLESS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,00,000 VIDE CONSENT ORDER)
19-FEB-2010
|
|
| 596 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN SCRIP OF JINDAL STAINLESS LTD.
ALLEGED VIOLATION OF CLAUSES A (1), (2) (3), (4), (5) OF CODE OF CONDUCT SPECIFIED IN SCHEDULE II OF REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,00,000 VIDE CONSENT ORDER)
20-MAY-2009
|
|
| 597 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
IN THE CASE OF HITECHI JEWELLERY INDUSTRIES LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUL-2002
|
|
| 598 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET THROUGH CIRCULAR TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000 VIDE CONSENT ORDER)
30-SEP-2008
|
|
| 599 |
|
|
MANGLA CAPITAL SERVICES PVT.LTD.
(Member : NSE)
|
|
|
|
VINOD GUPTA
|
|
ISSUED TWO CONTRACT NOTES FOR THE SAME TRADE TO FACILITATE CLIENTS TO RECEIVE IMMEDIATE CASH FOR THE SALES MADE AND TO USE THAT MONEY TO BUY SAME SHARES THROUGH OTHER BROKERS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT EXERCISE DUE CARE AND DILIGENCE AT THE TIME OF ADMITTING CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-JAN-2006
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS, AS SAT UPHELD ONLY TWO FINDINGS. FIRST EXECUTION OF TWO CONTRACT NOTES AND DEALT WITH UN-REGISTERED SUB-BROKER
SAT: CONFIRMED PREVIOUS SAT ORDER DATED 10/08/2007 VIDE WHICH ONLY TWO FINDINGS OF SEBI WERE UPHELD
|
| 600 |
|
|
MANIPUT INVESTMENTS PVT.LTD.
(Member : NSE)
|
|
|
INDULGED IN CREATION OF FALSE & MISLEADING APPEARANCE OF TRADING BY PUTTING ABNORMALLY LARGE ORDERS OF SHARES AT MUCH BELOW PREVAILING MARKET PRICES IN SCRIPS OF POCHIRAJU INDUSTRIES LTD.,CAMBRIDGE TECHNOLOGY ENTERPRISES LTD.,MINDTREE CONSULTING LTD.,SHREE ASHTAVINAYAK CINE VISION LTD.,PYRAMID SAIMIRA THEATRE LTD. & AL CHAMPDANY INDUSTRIES LTD. ON THE LISTING DATE
|
DIRECTED TO BE CAUTIOUS AND EXERCISE DUE DILIGENCE WHILE DEALING ON BEHALF OF THEIR CLIENTS AS A STOCK BROKER
26-APR-2007
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 30 of 62
|
