| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 81 |
|
ASHOKKUMAR K.DAMANI,M/S
(Member : BSE)
|
|
|
|
ASHOKKUMAR K.DAMANI
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
11-SEP-2009
|
|
| 82 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.7,00,000
30-DEC-2020
|
SAT: SAT VIDE ITS ORDER DATED 03/01/2023 DISMISSED THE APPEAL. NO COSTS
|
| 83 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Depository Participants : CDSL,Member : BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
REPORTED WRONG NET WORTH TO EXCHANGE
ENGAGED IN BUSINESS OTHER THAN SECURITIES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT REPORT FUND AND SECURITIES BALANCES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
|
IMPOSED PENALTY RS.9,00,000
30-DEC-2022
|
SAT: SAT VIDE ITS ORDER DATED 11/04/2023 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.9 LAC FROM RS.15 LAC
|
| 84 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MADE INCORRECT RETENTION STATEMENT
TRADING TERMINAL NOT OPERATED BY PERSON AS PER EXCHANGE RECORDS
TRADING TERMINALS NOT FOUND AT THE INSPECTION LOCATION
|
IMPOSED PENALTY RS.27,00,000
19-JAN-2021
|
SAT: SAT VIDE ITS ORDER DATED 10/05/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. MEANWHILE, IF THE APPELLANT DEPOSIT 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING THE PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 10/11/2021 DIRECTED TO FILE WRITTEN SUBMISSION WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 06/01/2023 DISMISSED THE APPEAL
|
| 85 |
|
|
ATMARAM KEJRIWAL & CO.
(Member : UPSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
ISSUED CONTRACT NOTES IN "FORM A" FOR TRANSACTIONS IN UNLISTED SHARES
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT APPOINT COMPLIANCE OFFICER
ENTERED INTO DIRECT MONEY TRANSACTIONS BETWEEN MEMBERS
EXECUTED NEGOTIATED DEALS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
27-DEC-2005
|
|
| 86 |
|
|
ATUL CHHABILDAS DOSHI,M/S
(Member : ASE)
|
|
|
|
ATUL CHHABILDAS DOSHI
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-SEP-1999 TO 26-NOV-1999
24-SEP-1999
|
|
| 87 |
|
|
ATUL KANODIA & CO.
(Member : UPSE)
|
|
|
|
ATUL KANODIA
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 31-DEC-2001 TO 30-MAR-2002
02-JAN-2002
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 88 |
|
|
ATUL M.CHOKSHI,M/S
(Member : ASE)
|
|
|
|
ATUL MANHARLAL CHOKSHI
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT MENTION CLIENT NUMBERS ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
28-DEC-2005
|
|
| 89 |
|
|
AUM CAPITAL MARKET PVT.LTD.
(PAN:AAACO7624B)
(Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS FUNDS TO MEET PAY-IN OBLIGATION OF OTHER CLIENTS
|
IMPOSED PENALTY RS.1,00,000
27-OCT-2022
|
SEBI VIDE ITS NOTICE DATED 20/01/2023 DIRECTED TO PAY RS.1,05,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 01/02/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6217 OF 2023 DATED 20/01/2023
|
| 90 |
|
|
AXIS SECURITIES LTD.
(PAN:AABCE6263F)
(Member : BSE/NSE)
|
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
EXPOSURE TO MARGIN TRADING FUNDING EXCEEDED THE ALLOWABLE THRESHOLD
DID NOT REDRESS INVESTOR COMPLAINTS
SHORT COLLECTION OF MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.10,00,000
21-FEB-2025
|
|
| 91 |
|
|
B.R.JALAN SECURITIES PVT.LTD.
(PAN:AAACB4606Q)
(Depository Participants : CDSL,Member : BSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
19-MAY-2021
|
|
| 92 |
|
|
B.TAPURIA,M/S
(Member : BHSE)
|
|
|
|
BIJAY K.TAPURIA
|
|
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-AUG-1998 TO 03-NOV-1998
21-JUL-1998
|
|
| 93 |
|
|
BAKLIWAL INVESTMENTS
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DELAYED PAYMENT OF CONSOLIDATED STAMP DUTY
DID INTER-CLIENT ADJUSTMENT OF BALANCES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-MAY-2004
|
|
| 94 |
|
|
BALAJI EQUITIES LTD.
(Member : NSE/BSE/MCX)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT SETTLE ACCOUNTS OF CLIENTS HAVING CREDIT BALANCE MORE THAN RS.10,000.00
DID NOT SETTLE SECURITIES OF CLIENTS OWING TO BALANCE LESS THAN THE MINIMUM RETENTION AMOUNT
DID NOT FORMULATE DECLARED POLICY FOR RETURN OF ASSETS AND CONSEQUENTIAL NON SETTLEMENT OF FUNDS OF INACTIVE CLIENTS
DID NOT SETTLING OF CREDIT BALANCE OF CLIENTS
DID NOT SETTLE SECURITIES OF INACTIVE CLIENTS HAVING DEBIT BALANCE OR ZERO BALANCE
RETAINED SECURITIES HIGHER THAN THE AMOUNT DUE FROM CLIENTS
DEFICIENCIES IN STATEMENT OF ACCOUNTS ISSUED TO THE CLIENTS
|
IMPOSED PENALTY RS.50,000
31-OCT-2022
|
|
| 95 |
|
|
BALANCE EQUITY BROKING (INDIA) PVT.LTD.
(PAN:AABCB6329B)
(Depository Participants : CDSL,Member : BSE/MSEI/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
WRONG REASON FOR UPDATION FOR OFF MARKET TRANSFERS IN 2 INSTANCES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION
DID NOT PROVIDE DATA REGARDING REGISTER OF COMMODITY, BROKERAGE, PERIODIC BANK RECONCILIATION, ORDER LOG ETC.
DID NOT MENTION SEBI REGISTRATION DETAILS ON CONTRACT NOTES AND STATEMENT OF ACCOUNT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.17,00,000
19-MAY-2021
|
SEBI VIDE ITS NOTICE DATED 02/12/2022 DIRECTED TO PAY RS.20,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 20/12/2022 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6076 OF 2020 DATED 02/12/2022
|
| 96 |
|
|
BALJIT SECURITIES PVT.LTD.
(Member : NSE/BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED INDULGENCE IN INDIRECT FUND-BASED ACTIVITIES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
28-JUL-2010
|
|
| 97 |
|
|
BANGUR & CO.
(Member : MGSE)
|
|
|
|
SHREE VALLABH BANGUR
|
|
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT PAY FEES TO SEBI
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-SEP-1998 TO 14-DEC-1998
02-SEP-1998
|
|
| 98 |
|
|
BASDEO GOENKA
(Member : CSE)
|
|
|
|
BANWARILAL GOENKA
|
|
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 99 |
|
|
BEDI & CO.
(Member : LSE)
|
|
|
|
RAJAN BEDI
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
08-OCT-1999
|
|
| 100 |
|
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DID NOT HAVE PROOF OF ORDER ACCEPTANCE VERIFICATION
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT ADHERE TO DELIVERY INSTRUCTION SLIP (DIS) AND TRANSFER RELATED ASPECT
|
IMPOSED PENALTY RS.12,00,000
15-SEP-2021
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 5 of 30
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