| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 761 |
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF MAHARASHTRA SEAMLESS LTD.
FAILED IN MAINTAINING INTEGRITY, NOT EXERCISED DUE SKILL AND CARE, 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 MAHARASHTRA SEAMLESS LTD.
|
IMPOSED PENALTY RS.50,000
26-AUG-2009
|
COMPANY VIDE PAY ORDER NO.000524 DATED 12/11/2009 FOR RS.50,000.00 (RUPEES FIFTY THOUSAND ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 13/11/2009
|
| 762 |
|
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF ADANI EXPORTS LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
02-JUN-2009
|
COMPANY VIDE PAY ORDER NO.000433 DATED 18/09/2009 FOR RS.50,000.00 (RUPEES FIFTY THOUSAND ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 23/09/2009
|
| 763 |
|
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF TODAY’S WRITING PRODUCTS 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 TODAYS WRITING PRODUCTS LTD.
|
IMPOSED PENALTY RS.2,00,000
27-AUG-2009
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
COMPANY VIDE PAY ORDER NO.008399 DATED 30/01/2013 FOR RS.2,00,000.00 (RUPEES TWO LACS ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 31/01/2013
|
| 764 |
|
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH STRUCTURED, SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADES TRANSACTIONS IN SCRIPS OF AARTI DRUGS LTD. AND HAVELLS INDIA LTD.
|
IMPOSED PENALTY RS.3,00,000
15-FEB-2010
|
COMPANY VIDE PAY ORDER NO.001367 DATED 09/09/2010 FOR RS.3,00,000.00 (RUPEES THREE LACS ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 13/09/2010
|
| 765 |
|
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
|
AVINASH TIWARI
|
|
|
VIJAY SHARMA
|
|
ACTED IN CONCERT WITH BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH STRUCTURED DEALS/MATCHING BUY AND SELL ORDERS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
INDULGED IN SYNCHRONIZED DEALS
|
IMPOSED PENALTY RS.10,00,000
25-MAY-2006
|
SAT: IMPUGNED ORDER DATED 25/05/2006 MODIFIED AND PENALTY AMOUNT REDUCED TO RS.5,00,000 FROM RS.10,00,000 LEAVING PARTIES TO BEAR THEIR OWN COSTS
COMPANY VIDE PAY ORDER NO.006056 DATED 11/04/2012 FOR RS.5,00,000.00 (RUPEES FIVE LACS ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 11/04/2012
|
| 766 |
|
|
SANCHAY FINVEST LTD.
(PAN:AAHCS7494J)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RAJESH EXPORTS LTD.
|
IMPOSED PENALTY RS.1,00,000
31-AUG-2010
|
COMPANY VIDE PAY ORDER NO.008400 DATED 30/01/2013 FOR RS.1,00,000.00 (RUPEES ONE LAC ONLY) DRAWN ON AXIS BANK LTD. PAID THE PENALTY AMOUNT TO SEBI ON 31/01/2013
SEBI VIDE ITS NOTICE DATED 16/07/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS ORDER DATED 23/07/2014 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS AND DEMAT ACCOUNTS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 16/07/2014
|
| 767 |
|
|
SANJAY BIYANI,M/S
(Member : MPSE)
|
|
|
|
SANJAY BIYANI
|
|
ACTED IN CONCERT WITH BROKERS AND CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH CROSS DEALS BY MATCHING ORDER QUANTITY, PRICE AND TIMINGS OF BUY AND SELL TRANSACTIONS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
IMPOSED PENALTY RS.10,00,000
14-SEP-2006
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS ORDER DATED 30/04/2015 DIRECTED HDFC BANK LTD. TO RELEASE ½ OF THE BALANCE AVAILABLE IN SAVING BANK ACCOUNT NO.00361930000718 AND IN FDRS ACCOUNT NO.00364410036080 & 00364410036090 TO SHRI GOVIND DAS BIYANI ON HIS REQUEST. HDFC BANK LTD. IS DIRECTED THAT THE ATTACHMENT ON THE SAID THREE ACCOUNTS SHALL CONTINUE TILL FURTHER ORDERS EXCEPT FOR THE PURPOSE OF RELEASING HALF OF THE SHARE TO SHRI GOVIND DAS BIYANI
SEBI VIDE ITS NOTICE DATED 16/07/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS ORDER DATED 20/12/2016 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS/DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 16/07/2014
|
| 768 |
|
|
SANJAY C.BAXI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF KILPEST INDIA 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 KILPEST INDIA LTD.
|
IMPOSED PENALTY RS.5,00,000
31-JAN-2011
|
|
| 769 |
|
|
SANJAY R.SHAH,M/S
(Member : ASE)
|
|
|
|
SANJAY RAMESHCHANDRA SHAH
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.2,00,000
09-MAY-2005
|
SEBI VIDE ITS NOTICE DATED 02/01/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 19/07/2023 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 02/01/2015
SEBI VIDE ITS ORDER DATED 19/07/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.531 OF 2015 DATED 02/01/2015
|
| 770 |
|
|
SANJU KABRA,M/S
(Member : CSE)
|
|
|
|
SANJU KABRA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/CROSS DEALS IN SCRIP OF BSR FINANCE & CONSTRUCTION LTD.
|
IMPOSED PENALTY RS.3,00,000
10-JUN-2009
|
|
| 771 |
|
|
SATCO CAPITAL MARKETS LTD.
(PAN:AAACS6813N)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.5,00,000
30-DEC-2019
|
SAT: SAT VIDE ITS ORDER DATED 14/09/2021 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
|
| 772 |
|
|
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
|
| 773 |
|
|
SENATOR SECURITIES PVT.LTD.
(PAN:AAECS8888B)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BANK OF RAJASTHAN LTD.
|
IMPOSED PENALTY RS.75,000
31-OCT-2012
|
|
| 774 |
|
|
SHAH INVESTOR'S HOME LTD.
(PAN:AAFCS4436C)
(Member : BSE/NSE)
|
|
|
RETAINED CLIENT FUNDS INSTEAD OF UPSTREAMING THEM TO CLEARING CORPORATIONS
TRANSFERRED FUNDS FROM SETTLEMENT ACCOUNT TO UPSTREAMING CLIENT NODAL BANK ACCOUNT (USCNBA)
NEW -TRANSFERRED FUNDS FROM DOWNSTREAMING CLIENT NODAL BANK ACCOUNT (DSCNBA) TO SETTLEMENT ACCOUNT
DID NOT UPSTREAM CLIENT’S FUNDS AS PER CUT-OFF TIME PROVIDED IN SEBI CIRCULARS
|
IMPOSED PENALTY RS.4,00,000
11-FEB-2026
|
|
| 775 |
|
|
SHAH INVESTOR'S HOME LTD.
(PAN:AAFCS4436C)
(Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF COMPUAGE INFOCOM LTD., TRANSPEK INDUSTRY LTD. AND ALKYL AMINES CHEMICALS LTD.
|
IMPOSED PENALTY RS.1,00,000
25-AUG-2011
|
SAT: APPEAL DISMISSED AS WITHDRAWN
|
| 776 |
|
|
SHAILESH SHAH SECURITIES PVT.LTD.
(PAN:AAECS3607E)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF DENSO (INDIA) LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 9 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF DENSO (INDIA) LTD.
|
IMPOSED PENALTY RS.8,00,000
31-JAN-2019
|
SEBI VIDE ITS ORDER DATED 02/03/2020 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE MOVABLE AND IMMOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF PROPERTIES LISTED IN ORDER C) 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 HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
SEBI VIDE ITS ORDER DATED 03/03/2020 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL AND MUTUAL FUNDS TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS,DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 02/03/2020
SAT: SAT VIDE ITS ORDER DATED 04/01/2022 DISMISSED THE APPEAL. NO COSTS
|
| 777 |
|
|
SHAILESH SHAH SECURITIES PVT.LTD.
(PAN:AAECS3607E)
(Member : BSE)
|
|
|
INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(3) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF AGC NETWORKS LTD.
|
IMPOSED PENALTY RS.10,00,000
03-DEC-2018
|
|
| 778 |
|
|
SHAILESH SHAH SECURITIES PVT.LTD.
(PAN:AAECS3607E)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ESS DEE ALUMINIUM LTD.
|
IMPOSED PENALTY RS.11,00,000
27-MAR-2015
|
SAT: SAT VIDE ITS ORDER DATED 13/06/2018 SET ASIDED IMPUGNED ORDER DATED 27/03/2015 AND DIRECTED SEBI TO TAKE CONSEQUENTIAL STEPS AS EXPEDITIOUSLY AS POSSIBLE. NO COSTS
|
| 779 |
|
|
SHANTANU S.DHAMANKAR,M/S
(Member : PSE,Sub-Broker of PSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
SHANTANU S.DHAMANKAR
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2007
|
|
| 780 |
|
|
SHARE INDIA SECURITIES LTD.
(PAN:AAACF6462E)
(Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
05-DEC-2013
|
SAT: SAT VIDE ITS ORDER DATED 11/11/2014 REDUCED THE PENALTY AMOUNT TO RS.5 LACS FROM RS.10 LACS BY DELETING PENALTY OF RS.5 LACS IMPOSED UNDER SECTION 15HB. NO COSTS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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| Page 39 of 48
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