| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
MAHIPAT RAICHAND SHAH,M/S
(Member : ASE)
|
|
|
|
MAHIPAT RAICHAND SHAH
|
|
DEFAULTED IN MAINTENANCE OF MARGIN REGISTER
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
SUBMITTED WRONG INFORMATION TO SEBI
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
EXECUTED FICTITIOUS TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-AUG-2001 TO 05-OCT-2001
03-AUG-2001
|
|
| 102 |
|
|
MALAY INVESTMENT & FINANCIAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-OCT-2006 TO 24-OCT-2006
19-SEP-2006
|
|
| 103 |
|
|
MANI & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,Member : MDSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
02-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000
|
| 104 |
|
|
MANOG SECURITIES PVT.LTD.
(Member : NSE)
|
|
|
|
VIVEK GUPTA
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT ISSUE CONTRACT NOTES IN SPECIFIED FORMAT
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT DATABASE
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
IMPOSED PENALTY RS.1,50,000
20-SEP-2006
|
|
| 105 |
|
|
MANSUKH SECURITIES & FINANCE LTD.
(PAN:AAACM1701D)
(Member : NSE)
|
|
|
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DEALT IN CASH WITH CLIENTS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
IMPOSED PENALTY RS.5,00,000
11-FEB-2011
|
SAT: SAT VIDE ITS ORDER DATED 29/07/2011 MODIFIED SEBI'S ORDER DATED 11/02/2011 BY REDUCING PENALTY AMOUNT TO RS.1 LAC FROM RS.5 LAC WITH NO ORDER AS TO COSTS
|
| 106 |
|
|
MATHRAN SECURITIES LTD.
(Member : NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
08-OCT-2004
|
|
| 107 |
|
|
MAYOR SALUJA SECURITIES LTD.
(Member : DSE)
|
|
|
|
AJIT MAYOR
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
FAILED TO SUBMIT AUDIT REPORT TO THE EXCHANGE ON DUE DATE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-MAY-2008
|
|
| 108 |
|
|
MEFCOM SECURITIES LTD.
(PAN:AAACM1079Q)
(Member : NSE/OTC/DSE/BSE)
|
|
|
|
VIJAY MEHTA
|
|
DID NOT MAINTAIN SEPARATE BOOKS OF ACCOUNTS FOR TRANSACTIONS ON DIFFERENT STOCK EXCHANGES
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT MAINTAIN DESPATCH RECORDS
CONTRACT NOTES NOT SIGNED BY AUTHORISED REPRESENTATIVES
PERMITTED CLIENTS TO TRADE BEFORE THE AGREEMENT DATE
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
ENTERED IN AGREEMENTS WITH CLIENTS ON STAMP PAPERS OF INADEQUATE VALUE
DEFICIENCIES IN CLIENT DATABASE
DID NOT DISCLOSE DETAILS OF PROPRIETARY TRADING TO CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT RECONCILE DIVIDEND ACCOUNTS OF CLIENTS
|
IMPOSED PENALTY RS.10,00,000
21-DEC-2005
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 109 |
|
|
MERIDIAN SHARES & SERVICES PVT.LTD.
(PAN:AABCM3154F)
(Along with : DINESH BABULAL JAIN,M/S)
|
|
|
|
DINESH BABULAL JAIN
|
|
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT ISSUE CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-NOV-1999 TO 04-FEB-2000
28-OCT-1999
|
|
| 110 |
|
|
MERRY SHARE FIN LTD.
(Member : ASE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFICIENCIES IN CLIENT DATABASE
EVADED CARRY FORWARD MARGIN
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-DEC-2002 TO 26-DEC-2003
24-DEC-2002
|
|
| 111 |
|
|
MG CAPITAL SERVICES LTD.
(CIN:U74899DL1994PLC061509
PAN:AAACM6670R)
(Member : NSE)
|
|
|
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN MAINTENANCE OF CLIENT DATABASE
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED DEFAULT IN MAINTENANCE OF BOOK OF ACCOUNTS AND RECORDS
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED INDULGENCE IN PRO ACCOUNT TRADING
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,35,000 VIDE CONSENT ORDER)
31-OCT-2008
|
|
| 112 |
|
|
MITRA OPTIONS & SHARE BROKERS LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT OBTAIN ACKNOWLEDGEMENT FROM CLIENTS
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DELIVERY MEMOS NOT SIGNED BY AUTHORISED SIGNATORY/BROKER
DEFAULTED IN MAINTENANCE OF SECURITIES REGISTER
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
TRANSFERRED FUNDS FROM ACCOUNT OF ONE EXCHANGE TO OTHER EXCHANGE
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
PAYMENTS MADE TO CLIENTS FROM BROKERS OWN ACCOUNTS
ACCEPTED/MADE PAYMENTS FROM/TO THIRD PARTIES ON CLIENT ACCOUNTS WITHOUT OBTAINING WRITTEN CONSENT OF CLIENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
RELEASED PLEDGED SHARES KEPT FOR MARGIN PURPOSE
OPENED SEVERAL PROPRIETARY ACCOUNTS TO FACILITATE TRANSACTION OF SECURITIES IN INTER-SE ACCOUNTS
TRANSFERRED SECURITIES FROM CLIENT'S ACCOUNT TO BENEFICIARY ACCOUNT OF OTHER BROKERS WITHOUT OBTAINING WRITTEN CONSENT OF CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
INDULGED IN INDIRECT FUNDING TO CLIENTS
HELD SECURITIES IN POOL ACCOUNT DESPITE HAVING ANY DEBIT BALANCE OF CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-NOV-2006 TO 22-FEB-2007
02-NOV-2006
|
|
| 113 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
|
IMPOSED PENALTY RS.1,00,000
31-DEC-2021
|
|
| 114 |
|
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Depository Participants : CDSL/NSDL,Member : NCDEX/BSE/MCX/NSE)
|
|
|
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
REPORTED INCORRECT MARGIN TRADING FUNDING (MTF) COLLATERALS TO STOCK EXCHANGES
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DEFAULTED IN MAINTENANCE OF BANK BOOK
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.7,00,000
30-JAN-2025
|
|
| 115 |
|
|
MUKESH SAWHNEY & CO.
(Member : DSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT REDRESS INVESTOR COMPLAINTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 116 |
|
|
MUNJAL LEASING LTD.
(Member : NSE)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SUBMITTED WRONG INFORMATION TO SEBI
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 117 |
|
|
NCJ SHARE & STOCK BROKERS LTD.
(PAN:AABCN3702G)
(Member : BSE)
|
|
|
|
AMAN JAIN
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED IN MAINTENANCE OF RECORD OF TIME OF PLACEMENT OF ORDERS
DID NOT MAINTAIN SEPARATE REGISTER FOR SUB-BROKERS
RECORDED HIGHER TURNOVER THAN APPEARING IN BSE TURNOVER CERTIFICATE
|
IMPOSED PENALTY RS.1,50,000
08-SEP-2005
|
|
| 118 |
|
|
NEELAM BHATIA & CO.
(Member : LSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
24-JUN-2009
|
|
| 119 |
|
|
NIRUPAMBEN PATEL,M/S
(Member : MPSE)
|
|
|
|
NIRUPAMA B.PATEL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
SUBMITTED WRONG INFORMATION TO SEBI
LEASED MEMBERSHIP CARD OF THE EXCHANGE
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-1999 TO 06-JUL-1999
05-JAN-1999
|
|
| 120 |
|
|
NLM CAPITAL SERVICES LTD.
(Member : LSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFICIENCIES IN CLIENT DATABASE
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-JUL-2003 TO 20-OCT-2003
09-JUL-2003
|
|
| 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 6 of 10
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