| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 641 |
|
MILLENNIUM STOCK BROKING PVT.LTD.
(PAN:AACCM2853Q)
(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
|
|
| 642 |
|
|
MITHUN SECURITIES PVT.LTD.
(PAN:AAACM5632M)
(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
|
|
| 643 |
|
|
MITTAL SECURITIES PVT.LTD.
(PAN:AAECM8498D)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH MATCHED AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF DSQ SOFTWARE LTD.
VIOLATED SEBI CODE OF CONDUCT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-JUN-2007 TO 19-OCT-2007
30-MAY-2007
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.20,00,000, LEGAL EXPENSES RS.50,000 VIDE CONSENT ORDER)
17-OCT-2008
|
SAT: IMPUGNED ORDER DATED 30/05/2007 MODIFIED, AS APPLICANT AGREED TO PAY RS.20,50,000 AS PER CONSENT ORDER DATED 17/10/2008
|
| 644 |
|
|
MKB SECURITIES PVT.LTD.
(PAN:AACCB7074J)
(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
|
|
| 645 |
|
|
MKB SECURITIES PVT.LTD.
(PAN:AACCB7074J)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH REVERSAL OF TRADE AND FICTITIOUS TRANSACTIONS IN STOCK OPTIONS UNDER EQUITY DERIVATIVE SEGMENT
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
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 17-FEB-2016 TILL FURTHER ORDERS
17-FEB-2016
|
SAT: SAT VIDE ITS ORDER DATED 04/03/2016 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 17/02/2016 AND DIRECTED SEBI TO INITIATE PROCEEDINGS IN ACCORDANCE WITH LAW AND PASS ORDER AS IT DEEMED FIT. NO COSTS
SEBI VIDE ITS ORDER DATED 12/08/2016 BROUGHT ON RECORD THAT TRADING MEMBER HAVE VOLUNTARILY CLOSED THE BUSINESS AT BSE EQUITY DERIVATIVES SEGMENT W.E.F. 13/04/2016
SEBI VIDE ITS ORDER DATED 12/08/2016 DIRECTED TRADING MEMBERS TO CO-OPERATE WITH SEBI IN THE ON-GOING INVESTIGATION AND PROVIDE ALL THE INFORMATION AND DOCUMENTS THAT MAY BE SOUGHT BY SEBI IN THIS REGARD
|
| 646 |
|
|
MKM FINSEC PVT.LTD.
(Member : DSE)
|
|
|
|
PREM CHAND BATRA
PAN:AAGPB2136E
|
|
DEALT IN SECURITIES IN COLLUSION WITH SOME ENTITIES IN FRAUDULENT MANNER
ISSUED FICTITIOUS CONTRACT NOTES AND BILLS SHOWING ONLY DIFFERENCE AMOUNT TO SHOW/BOOK HUGE PROFITS FROM TRADING OF SHARES
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
21-MAR-2013
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 647 |
|
|
MKM FINSEC PVT.LTD.
(Member : DSE)
|
|
|
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
|
|
| 648 |
|
|
MLB CAPITAL PVT.LTD.
(PAN:AABCM3390D)
(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
|
|
| 649 |
|
|
MLD SECURITIES PVT.LTD.
(Member : DSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH MATCHED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ORIENT TRADE LINK 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 ORIENT TRADE LINK LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-MAY-2012 TO 02-JUN-2012
13-APR-2012
|
|
| 650 |
|
|
MODEX INTERNATIONAL SECURITIES LTD.
(CIN:L74899DL1995PLC065153
PAN:AAACM2105K)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF BUSINESS WHILE DEALING WITH CLIENTS VIOLATING CLAUSES A(1) AND A(2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.6,00,000
26-NOV-2025
|
|
| 651 |
|
|
MOHAN MALPANI,M/S
(Member : MPSE)
|
|
|
|
MOHAN MALPANI
|
|
DID NOT EXERCISE DUE SKILL AND CARE IN MATTER OF EONOUR TECHNOLOGIES LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF EONOUR TECHNOLOGIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-NOV-2003 TO 25-MAY-2004
05-NOV-2003
|
|
| 652 |
|
|
MOHANLAL DAHYABHAI & SONS
(Member : ASE)
|
|
|
AIDED DEVENDRA KANTILAL DALAL IN PRICE MANIPULATION IN SCRIP OF JYOTI RESINS & ADHESIVES LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE IN MATTER OF JYOTI RESINS & ADHESIVE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-AUG-2002 TO 11-DEC-2002
12-AUG-2002
|
|
| 653 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE)
|
|
|
|
MANISH AJMERA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLYING 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 G.G.AUTOMOTIVE GEARS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-JAN-2012 TO 16-FEB-2012
27-DEC-2011
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
HON’BLE SUPREME COURT OF INDIA VIDE ITS ORDER DATED 23/02/2016 DISMISSED THE CIVIL APPEAL NO.2818 OF 2008 (SEBI VS KISHORE R. AJMERA) AND AFFIRMEND THE ORDER DATED 05.02.2008 PASSED BY SAT. FURTHER, HON’BLE SUPREME COURT OF INDIA ALLOWED REMAINING APPEALS AND SET ASIDE THE ORDERS OF SAT IN EACH OF THE APPEALS AND RESTORE THE ORDERS AND PENALTY IMPOSED ON THE RESPONDENTS-BROKERS BY THE RESPECTIVE ORDERS OF THE WTM OF SEBI
|
| 654 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/OTC/NSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF G-TECH INFO TRAINING LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
03-FEB-2009
|
|
| 655 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/NSE)
|
|
|
ALLEGED ENGAGE IN A CO-ORDINATED SCHEME TO INDUCE INVESTORS TO ACQUIRE SECURITIES OF ATLANTAA LTD. BY UPLOADING FALSE & MISLEADING VIDEOS ON CERTAIN YOUTUBE CHANNELS
ALLEGED FAILURE IN CARRYING OUT NECESSARY DUE DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS WHILE DEALING WITH CLIENTS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF ATLANTAA LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,37,500 VIDE CONSENT ORDER)
21-FEB-2025
|
|
| 656 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS 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 G.G.AUTOMOTIVE GEARS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-MAY-2011 TO 09-JUN-2011
19-APR-2011
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 19/04/2011 SET ASIDE. CASE RAMANDED TO SEBI FOR TAKING FRESH PROCEEDINGS TO BE CONCLUDED EXPEDITIOUSLY BUT NOT LATER THAN 6 MONTHS FROM THE DATE OF RECEIPT OF THIS ORDER. WITH NO ORDER AS TO COSTS
|
| 657 |
|
|
MONARCH PROJECT & FINMARKETS LTD.
(PAN:AAACM8214F)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF TIJARIA POLYPIPES LTD.
FUNDED PERSONS/ENTITIES WHO PROVIDED EXIT ROUTE TO QIBS AND/OR RETAIL ALLOTTEES AT A PREMIUM TO THE ISSUE PRICE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OR DEAL IN SECURITIES IN OWN/PROPRIETARY ACCOUNT FROM 28-DEC-2011 TILL FURTHER ORDERS
PROHIBITED FROM ENTERING ANY FRESH AGREEMENTS WITH NEW CLIENTS IN OPERATIONS AS STOCK BROKER FROM 28-DEC-2011 TILL FURTHER ORDERS
28-DEC-2011
|
SAT: APPELLANT WILLING TO FURNISH AN UNDERTAKING IN WRITING TO BOARD THAT IT WILL NOT BE BUYING, SELLING AND/OR DEALING IN THEIR PROPRIETARY ACCOUNTS, IF SUCH UNDERTAKING IS FURNISHED, BOARD SHALL DIRECT THE DEPOSITORIES TO PERMIT THE OPERATION OF THE ACCOUNTS LISTED IN EXH.D. NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 02/11/2012 REVOKED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
|
| 658 |
|
|
MONARCH RESEARCH & BROKERAGE PVT.LTD.
(PAN:AACCK5762C)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF TIJARIA POLYPIPES LTD.
FUNDED PERSONS/ENTITIES WHO PROVIDED EXIT ROUTE TO QIBS AND/OR RETAIL ALLOTTEES AT A PREMIUM TO THE ISSUE PRICE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OR DEAL IN SECURITIES IN OWN/PROPRIETARY ACCOUNT FROM 28-DEC-2011 TILL FURTHER ORDERS
PROHIBITED FROM ENTERING ANY FRESH AGREEMENTS WITH NEW CLIENTS IN OPERATIONS AS STOCK BROKER FROM 28-DEC-2011 TILL FURTHER ORDERS
28-DEC-2011
|
SAT: APPELLANT WILLING TO FURNISH AN UNDERTAKING IN WRITING TO BOARD THAT IT WILL NOT BE BUYING, SELLING AND/OR DEALING IN THEIR PROPRIETARY ACCOUNTS, IF SUCH UNDERTAKING IS FURNISHED, BOARD SHALL DIRECT THE DEPOSITORIES TO PERMIT THE OPERATION OF THE ACCOUNTS LISTED IN EXH.D. NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 02/11/2012 REVOKED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
|
| 659 |
|
|
MONEYCARE SECURITIES & FINANCIAL SERVICES LTD.
(Member : NSE)
|
|
|
|
MAHESH KOTHARI
|
|
|
RAJESH P.DOSHI
|
|
TRADED IN SCRIP OF ADANI EXPORTS LTD. ON BEHALF OF CLIENT PRERAK CAPITAL SERVICE PVT.LTD. AND CREATED MARKET MANIPULATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-MAR-2008 TO 12-MAR-2008
20-FEB-2008
|
|
| 660 |
|
|
MOONGIPA SECURITIES LTD.
(PAN:AAACM5445J)
(Member : DSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/STRUCTURED TRANSACTIONS IN SCRIP OF BRUSHMAN (INDIA) 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) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BRUSHMAN (INDIA) LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-MAR-2010 TO 13-AUG-2010
20-FEB-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 33 of 62
|
