| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 801 |
|
SHREEHARI HIRA STOCK BROKING PVT.LTD.
(PAN:AAJCS0518D)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRANSACTIONS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF GRAVITY INDIA LTD.
FAILED IN MAINTAINING INTEGRITY, 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 GRAVITY INDIA LTD.
|
IMPOSED PENALTY RS.3,50,000
10-AUG-2009
|
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 19/09/2014 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 06/01/2018 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 19/09/2014
|
| 802 |
|
|
SHREEHARI HIRA STOCK BROKING PVT.LTD.
(PAN:AAJCS0518D)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF RECRON SYNTHETICS 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 RECRON SYNTHETICS LTD.
|
IMPOSED PENALTY RS.75,000
09-OCT-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2009, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 803 |
|
|
SHREEHARI HIRA STOCK BROKING PVT.LTD.
(PAN:AAJCS0518D)
(Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, DID NOT EXERCISE DUE SKILL AND CARE, 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 WELLWORTH OVERSEAS LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR TRANSACTIONS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF WELLWORTH OVERSEAS LTD.
|
IMPOSED PENALTY RS.6,00,000
11-SEP-2009
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 11/09/2009 SET ASIDE WITH NO ORDER AS TO COSTS
|
| 804 |
|
|
SHREEPATI HOLDINGS & FINANCE PVT.LTD.
(PAN:AAACS3111R)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT READ WITH REGULATIONS 9(F), 26(XV), 26(XVI) AND 26(XX) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.3,00,000
18-DEC-2017
|
|
| 805 |
|
|
SHRENI SHARES PVT.LTD.
(CIN:U67190MH2009PTC195845
PAN:AANCS4073K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MISMATCH IN DATA SUBMITTED TOWARDS WEEKLY MONITORING OF CLIENT FUNDS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
REPORTED WRONG NET WORTH TO EXCHANGE
|
IMPOSED PENALTY RS.3,00,000
13-SEP-2021
|
|
| 806 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Member : BSE/NSE)
|
|
|
ASSOCIATED WITH A PLATFORM PROVIDING REFERENCES TO RETURNS/PERFORMANCE OF ALGORITHMIC TRADING STRATEGIES VIOLATING CLAUSE 4.2 OF SEBI CIRCULAR DATED 02/09/2022 AND CLAUSES A(2)AND A(5) OF SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF TRADE TRON AND OTHER ALGO PLATFORMS
|
IMPOSED PENALTY RS.2,00,000
25-MAR-2026
|
|
| 807 |
|
|
SHRI VENKATESH STOCK BROKER SERVICES INDIA PVT.LTD.
(PAN:AAPCS0953C)
(Member : BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN/ PROVIDE DAILY RECONCILIATION STATEMENT FOR TRANSACTION BETWEEN CLIENT ACCOUNT AND OWN ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
REPORTED WRONG NET WORTH TO EXCHANGE
|
IMPOSED PENALTY RS.5,00,000
28-JAN-2025
|
SEBI VIDE ITS ORDER DATED 15/05/2025 DISPOSED OF SCN DATED 21/02/2025 AND DIRECTED SEBI TO ADVISE THE BSE TO ENSURE CORRECTIVE MEASURES TO IMPRESS UPON THE NOTICEE TO CALL BACK ALL LOANS & ADVANCES OUTSTANDING AS ON DATE
|
| 808 |
|
|
SHRIAM FINANCIAL PVT.LTD.
(PAN:AACCS0346N)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) AND A(3) OF CODE OF CONDUCT FOR STOCK BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHREENATH COMMERCIAL & FINANCE LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SHREENATH COMMERCIAL & FINANCE LTD.
|
IMPOSED PENALTY RS.3,00,000
24-NOV-2010
|
|
| 809 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
(Along with : MEGA SECURITIES PVT.LTD.)
|
|
|
|
RAMKISHORE BOOB
|
|
|
SHANTI DEVI MANTRI
|
|
|
SHRIKANT G.MANTRI
|
|
|
SUBODH B.
|
|
|
SUSHIL KUMAR MANTRI
|
|
|
VIMALA MANTRI
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 8(1) AND 8(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF HOLDINGS OF SHARES OF NEDUNGADI BANK LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATION 13(3) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF NEDUNGADI BANK LTD.
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
15-DEC-2008
|
|
| 810 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
29-JAN-2010
|
|
| 811 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ESKAY K “N” IT LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ESKAY K “N” IT LTD.
|
IMPOSED PENALTY RS.3,50,000
31-MAR-2010
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/06/2012, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 812 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ESKAY K “N” IT LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ESKAY K “N” IT LTD.
|
IMPOSED PENALTY RS.3,50,000
31-MAR-2010
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/06/2012, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 813 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND GENERAL LEDGER
|
IMPOSED PENALTY RS.2,00,000
30-APR-2020
|
SAT: SAT VIDE ITS ORDER DATED 19/09/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 30/04/2020. DIRECTED SEBI TO REFUND THE AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 814 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : BSE/NSE,Depository Participants : CDSL/NSDL)
|
|
|
DID NOT SEND PLEDGE STATEMENTS TO CLIENTS
DID NOT SETTLE OR HAD RETAINED HUGE AMOUNT OF SECURITIES IN EXCESS OF OBLIGATIONS OF CLIENTS
DID NOT REPORT FUND AND SECURITIES BALANCES
DID NOT UPLOAD KYC DATA WITH CKYCR
|
IMPOSED PENALTY RS.5,00,000
13-OCT-2020
|
|
| 815 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT POWER OF ATTORNEY (POA)
DELAY IN OPENING OF ACCOUNTS OF CLIENTS
WRONG/DELAY INTIMATION OF DETAILS OF ID AND LOCATION OF CTCL/IML TO EXCHANGE
DID NOT HAVE PROPER ORDER MANAGEMENT SYSTEM IN PLACE
SHORT COLLECTION OF MARGIN FROM CLIENTS IN DERIVATIVE SEGMENT
DEFICIENCIES IN SYSTEMS AUDIT REPORT FOR YEAR 2011-12
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT MAINTAIN MAINTENANCE MARGIN
|
IMPOSED PENALTY RS.10,00,000
26-JUN-2020
|
SAT: SAT VIDE ITS ORDER DATED 04/01/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 26/06/2020
|
| 816 |
|
|
SHUBHAM & CO.
(Member : UPSE)
|
|
|
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
|
IMPOSED PENALTY RS.1,60,000
17-AUG-2004
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 817 |
|
|
SHYAMLAL SULTANIA,M/S
(Member : CSE)
|
|
|
|
SHYAMLAL SULTANIA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF OASIS CINE COMMUNICATIONS 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) AND B(4)(A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF OASIS CINE COMMUNICATIONS LTD.
|
IMPOSED PENALTY RS.6,00,000
07-APR-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 10/07/2015 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
|
| 818 |
|
|
SHYAMLAL SULTANIA,M/S
(Member : CSE)
|
|
|
|
SHYAMLAL SULTANIA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SANGOTRI CONSTRUCTIONS 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 SANGOTRI CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.3,00,000
04-FEB-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 10/07/2015 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
|
| 819 |
|
|
SHYAMLAL SULTANIA,M/S
(Member : CSE)
|
|
|
|
SHYAMLAL SULTANIA
|
|
FAILED IN MAINTAINING INTEGRITY, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) AND B(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
IMPOSED PENALTY RS.5,00,000
11-AUG-2009
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 10/07/2015 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
|
| 820 |
|
|
SI INVESTMENTS & BROKING PVT.LTD.
(Member : BSE)
|
|
|
|
ANAND PADMANABHAN
|
|
|
SHRIDHAR P.IYER
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN DESPATCH RECORDS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT ISSUE ADVERTISEMENT REGARDING CANCELLATION OF AFFILIATED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
IMPOSED PENALTY RS.1,00,000
17-NOV-2004
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 41 of 48
|
