| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 681 |
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH 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.4,00,000
30-AUG-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 682 |
|
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS DEALS IN SCRIP OF LIMTEX INVESTMENTS 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) REGULATIONS, 1992 IN MATTER OF LIMTEX INVESTMENTS LTD.
|
IMPOSED PENALTY RS.1,50,000
10-MAR-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 683 |
|
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF MINOLTA FINANCE LTD
INDULGED IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF MINOLTA FINANCE LTD.
|
IMPOSED PENALTY RS.4,00,000
09-JUL-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 684 |
|
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS DEALS IN SCRIP OF KAY VEE AAR 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) REGULATIONS, 1992 IN MATTER OF KAY VEE AAR LTD.
|
IMPOSED PENALTY RS.3,00,000
30-AUG-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 685 |
|
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS-TRADES IN SCRIP OF G.K.CONSULTANTS 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.K.CONSULTANTS LTD.
|
IMPOSED PENALTY RS.5,00,000
15-APR-2015
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 686 |
|
|
RAJENDRA PRASAD SHAH,M/S
(PAN:AKUPS5078C)
(Member : CSE)
|
|
|
|
RAJENDRA PRASAD SHAH
PAN:AKUPS5078C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SANGOTRI CONSTRUCTIONS LTD.
DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SANGOTRI CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.9,50,000
03-FEB-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 687 |
|
|
RAJRATHAN FINANCIAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
UNDERTOOK PRINCIPAL TO PRINCIPAL TRADE
DID NOT MAINTAIN CLIENT DATABASE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.4,00,000
10-JUN-2009
|
|
| 688 |
|
|
RAMABEN SAMANI FINANCE PVT.LTD.
(Member : BSE)
|
|
|
|
SUDHA B.VITHLANI
|
|
CREATED ARTIFICIAL MARKETS IN SCRIP OF AKL SOFT & INFOSYS LTD.
|
IMPOSED PENALTY RS.75,000
11-APR-2005
|
|
| 689 |
|
|
RAMABEN SAMANI FINANCE PVT.LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR/SYNCHRONIZED/STRUCTURED AND OFF MARKET TRANSACTIONS IN SCRIP OF ZIGMA SOFTWARE LTD.
FAILED IN MAINTAINING INTEGRITY, DUE SKILL & CARE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ZIGMA SOFTWARE LTD.
|
IMPOSED PENALTY RS.2,00,000
15-JUL-2009
|
|
| 690 |
|
|
RAMABEN SAMANI FINANCE PVT.LTD.
(Member : BSE)
|
|
|
AIDED AND ABETTED CLIENTS IN CREATING FALSE AND MISLEADING APPEARANCE OF TRADING IN SCRIP OF RASHEL AGROTECH LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
IMPOSED PENALTY RS.10,00,000
25-MAY-2006
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE
|
| 691 |
|
|
RAMANLAL D.SHAH,M/S
(Member : BSE)
|
|
|
|
RAMANLAL D.SHAH
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF MALVICA ENGINEERING 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 MALVICA ENGINEERING LTD.
|
IMPOSED PENALTY RS.1,50,000
24-MAY-2010
|
|
| 692 |
|
|
RAMNIKLAL MOHANLAL CAPITAL MARKETS PVT.LTD.
(PAN:AAACR5382B)
(Member : BSE)
|
|
|
AIDED AND ABETTED ITS CLIENTS IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, STRUCTURED AND CIRCULAR TRANSACTIONS IN SCRIPS OF ALLCARGO GLOBAL LOGISTICS LTD., ASIAN STAR CO.LTD., KSL & INDUSTRIES LTD., MAVENS BIOTECH LTD., PANORAMIC UNIVERSAL LTD., RASI ELECTRODES LTD., SAT INDUSTRIES LTD., USHDEV INTERNATIONAL LTD., KBS CAPITAL MANAGEMENT LTD., LOTUS EYE CARE HOSPITALS LTD., MVL LTD. AND ANIL PRODUCTS LTD.
|
IMPOSED PENALTY RS.2,00,000
30-MAY-2013
|
|
| 693 |
|
|
RAMRAKH R.BOHRA,M/S
(Member : BSE)
|
|
|
|
RAMRAKH R.BOHRA
|
|
CREATED ARTIFICIAL MARKETS IN SCRIP OF AKL SOFT & INFOSYS LTD.
|
IMPOSED PENALTY RS.75,000
11-APR-2005
|
|
| 694 |
|
|
RAMRAKH R.BOHRA,M/S
(Member : BSE)
|
|
|
|
RAMRAKH R.BOHRA
|
|
AIDED AND ABETTED CLIENTS IN CREATING FALSE AND MISLEADING APPEARANCE OF TRADING IN SCRIP OF RASHEL AGROTECH LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
IMPOSED PENALTY RS.10,00,000
25-MAY-2006
|
|
| 695 |
|
|
RASHMI GEM STOCK & SHARES PVT.LTD.
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
|
IMPOSED PENALTY RS.75,000
17-SEP-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.75000
|
| 696 |
|
|
REFLECTION INVESTMENTS
(PAN:AAAFR7134G)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.7,00,000
20-DEC-2019
|
SEBI VIDE ITS ORDER DATED 05/07/2024 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, SOUTHERN REGIONAL OFFICE, CHENNAI D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF TAMIL NADU AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTY IS LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY THE DEFAULTERS, INCLUDING THE SAID PROPERTY, IF PRESENTED FOR REGISTRATION
|
| 697 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT PROVIDE SUFFICIENT EVIDENCE FOR CAPACITY PLANNING IN CRITICAL SYSTEMS AND PEAK LOAD CALCULATION
DID NOT PROVIDE EVIDENCE FOR THE INSTALLED CAPACITY TO BE AT LEAST 1.5 TIMES OF THE OBSERVED PEAK LOAD
DID NOT SET UP AUTOMATED ENVIRONMENT FOR SOFTWARE TESTING AND TRACEABILITY MATRIX BETWEEN SOFTWARE FUNCTIONALITIES
DID NOT PRESERVE LOGS OF KEY PARAMETERS
DID NOT ESTABLISH BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS)
DID NOT HAVE ANY SOLUTIONS IN PLACE FOR CLASSIFICATION OF DATA
DID NOT HAVE ANY DATA LEAKAGE PREVENTION SOLUTIONS IN PLACE FOR SAFEGUARDING PERSONALLY IDENTIFIABLE INFORMATION DATA
|
IMPOSED PENALTY RS.5,00,000
26-NOV-2025
|
|
| 698 |
|
|
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
|
|
| 699 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
REPORTED INCORRECT HOLDING OF SHARES TO STOCK EXCHANGES
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
EXPOSURE TO MARGIN TRADING FUNDING EXCEEDED THE ALLOWABLE THRESHOLD
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
ENGAGED IN BUSINESS OTHER THAN SECURITIES
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT REFUND SHORT MARGIN PENALTY COLLECTED FROM CLIENTS
DID NOT MAKE DISCLOSURE OF DATA OF INVESTOR COMPLAINTS AND THE DETAILS ABOUT ITS REDRESSAL ON WEBSITE
|
IMPOSED PENALTY RS.7,00,000
07-APR-2025
|
|
| 700 |
|
|
RELIGARE SECURITIES LTD.
(PAN:AAACF1952D)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE)
|
|
|
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DID NOT MAINTAIN RECORDS OF INVESTORS’ COMPLAINTS
DID NOT CONDUCT INTERNAL AUDIT OF BRANCH OPERATIONS AS PER SEBI CIRCULAR NO MIRSD/DPS-III/CIR-9/07 DATED 03/07/2007
CONDUCTED DEPOSITORY OPERATIONS WITHOUT NCFM QUALIFIED PERSONNEL AT BRANCHES
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN COLLECTION OF INTRODUCERS DETAILS
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN HANDLING AND PROCESSING MODIFICATION REQUESTS
DID NOT EXERCISE DUE DILIGENCE AND CARE IN PROCESSING VARIOUS FORMS AND REQUESTS SUBMITTED AT BRANCH LEVEL
|
IMPOSED PENALTY RS.2,00,000
10-NOV-2010
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 35 of 48
|
