| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 121 |
|
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
|
| 122 |
|
|
ASK FINANCIAL SERVICES LTD.
(Member : NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENT MANOJDEV SEKSARIA
|
IMPOSED PENALTY RS.10,00,000
06-AUG-2007
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 123 |
|
|
ASPI NOSHIR GANDHI,M/S
(Member : ASE)
|
|
|
|
ASPI NOSHIR GANDHI
|
|
ISSUED ADVERTISEMENT IN AHMEDABAD PARSI YELLOW PAGES GIVING MISLEADING INFORMATION VIOLATING REGULATION 15(1)(D) AND 26(XX) OF SEBI (STOCK BROKERS AND SUB-BROKES) REGULATIONS, 1992
|
IMPOSED PENALTY RS.50,000
29-MAR-2010
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 124 |
|
|
ATLANTA SHARE SHOPEE LTD.
(PAN:AAFCA0584K)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN AVOIDING SUCH EXECUTION OF TRADDES ON BEHALF OF GROUP ENTITIES/NOTICEES AND FACILITATED GROUP ENTITIES IN PLACING/EXECUTING HUGE TRADES RESULTING INTO CREATION OF ARTIFICIAL VOLUME/PRICE RISE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
|
IMPOSED PENALTY RS.8,00,000
27-OCT-2017
|
SAT: SAT VIDE ITS ORDER DATED 08/11/2017 SET ASIDED IMPUGNED ORDER DATED 27/10/2017 AND PERMITTED APPELLANT AND OTHER PARTIES TO SUBMIT REPLY WITHIN THREE WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
|
| 125 |
|
|
ATLANTA SHARE SHOPEE LTD.
(PAN:AAFCA0584K)
(Member : BSE)
|
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATION 7(1) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF SARANG CHEMICALS LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATION 13(1) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
|
IMPOSED PENALTY RS.3,00,000
20-DEC-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SAT: APPEAL DISMISSED AS WITHDRAWN
|
| 126 |
|
|
ATS SHARE BROKERS PVT.LTD.
(PAN:AACCJ1755C)
(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
|
|
| 127 |
|
|
ATUL KANODIA & CO.
(Member : BSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.40,000
11-MAY-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.10,000 FROMTO RS.40,000
|
| 128 |
|
|
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
|
| 129 |
|
|
AVINASH TRIMBAKE,M/S
(Member : PSE,Sub-Broker of PSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
AVINASH TRIMBAKE
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
IRREGULARITIES IN REGISTRATION OF CLIENTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.40,000
30-AUG-2005
|
|
| 130 |
|
|
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
|
|
| 131 |
|
|
B.M.GANDHI SECURITIES PVT.LTD.
(PAN:AABCB3557B)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS IN MATTER OF VERONICA LABORATORIES LTD.
|
IMPOSED PENALTY RS.50,000
28-JAN-2010
|
|
| 132 |
|
|
B.N.KAKKAR & CO.
(Member : UPSE)
|
|
|
|
B.N.KAKKAR
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
IMPOSED PENALTY RS.20,000
06-DEC-2004
|
|
| 133 |
|
|
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
|
|
| 134 |
|
|
BAKLIWAL FINANCIAL SERVICES (INDIA) PVT.LTD.
(Member : BSE)
|
|
|
|
KAMAL B.BAKLIWAL
|
|
DID NOT ISSUE CONTRACT NOTES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
19-NOV-2004
|
|
| 135 |
|
|
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
|
|
| 136 |
|
|
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
|
| 137 |
|
|
BALLABH DASS DAGA,M/S
(Member : CSE)
|
|
|
|
BALLABH DASS DAGA
|
|
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 KONARK COMMERCE INDUSTRIES LTD.
|
IMPOSED PENALTY RS.1,00,000
29-SEP-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, 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
SEBI VIDE ITS ORDER DATED 28/03/2017 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 10/07/2015
|
| 138 |
|
|
BALLABH DASS DAGA,M/S
(Member : CSE)
|
|
|
|
BALLABH DASS DAGA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/CROSS DEALS IN SCRIP OF PARBATI HOLDINGS 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) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF PARBATI HOLDINGS LTD.
|
IMPOSED PENALTY RS.6,00,000
24-SEP-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, 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
SEBI VIDE ITS ORDER DATED 28/03/2017 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 10/07/2015
|
| 139 |
|
|
BALLABH DASS DAGA,M/S
(Member : CSE)
|
|
|
|
BALLABH DASS DAGA
|
|
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 PSL FINANCIAL SERVICES LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF PSL FINANCIAL SERVICES LTD.
|
IMPOSED PENALTY RS.2,00,000
10-MAR-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, 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
SEBI VIDE ITS ORDER DATED 28/03/2017 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 10/07/2015
|
| 140 |
|
|
BALLABH DASS DAGA,M/S
(Member : CSE)
|
|
|
|
BALLABH DASS DAGA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
INDULGED IN PRICE MANIPULATION AND CREATION OF ARTIFICIAL MARKET BY SELF TRADES, REVERSE OF TRADE TRANSACTIONS, SYNCHRONIZED TRADES AND CROSS DEALS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
|
IMPOSED PENALTY RS.2,00,000
20-NOV-2008
|
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
SEBI VIDE ITS ORDER DATED 28/03/2017 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 10/07/2015
|
| 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 7 of 48
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