| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 121 |
|
LOTUS INVESTMENTS & SECURITIES
(Member : NSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
24-JAN-2006
|
|
| 122 |
|
|
M.S.SECURITIES
(Member : BGSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DELIVERED SHARES TO AN INDIVIDUAL WITHOUT BEING AUTHORISED BY CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-OCT-2006 TO 04-NOV-2006
14-SEP-2006
|
|
| 123 |
|
|
MAGNUM EQUITY BROKING LTD.
(PAN:AAACM5661N)
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
|
IMPOSED PENALTY RS.15,000
30-NOV-2004
|
|
| 124 |
|
|
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
|
|
| 125 |
|
|
MANSUKH SECURITIES & FINANCE LTD.
(PAN:AAACM1701D)
(Member : NSE,Depository Participants : NSDL)
|
|
|
CONSIDERABLE DELAY IN DEMATERIALIZATION OF SHARES HELD BY PUBLIC SHAREHOLDERS
OPENED BENEFICIARY ACCOUNTS IMPROPERLY IN VIOLATION OF SEBI DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT VERIFY SIGNATURES PROPERLY AT THE TIME OF RELEASING SECURITIES FROM ACCOUNTS
|
IMPOSED PENALTY RS.8,00,000
17-JUN-2009
|
SAT: ORDER DATED 17/06/2009 MODIFIED BY REDUCING PENALTY AMOUNT TO RS.4,00,000 FROM RS.8,00,000
|
| 126 |
|
|
MARLECHA SECURITIES PVT.LTD.
(Member : BGSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
24-NOV-2006
|
|
| 127 |
|
|
MASTER CAPITAL SERVICES LTD.
(PAN:AABCM1406A)
(Member : NSE)
|
|
|
DISCREPANCIES IN CLIENT CODES
DID NOT TAKE PRIOR APPROVAL FROM NSE FOR ISSUING ADVERTISEMENTS RELATED TO BUSINESS ACTIVITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
06-JAN-2006
|
|
| 128 |
|
|
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
|
|
| 129 |
|
|
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
|
| 130 |
|
|
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
|
|
| 131 |
|
|
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
|
|
| 132 |
|
|
MG CAPITAL SERVICES LTD.
(CIN:U74899DL1994PLC061509
PAN:AAACM6670R)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
ALLOWED DEALING TO SUB-BROKER THROUGH FMS SECURITIES LTD.
ALLOWED TRADE TO SUB-BROKER THROUGH FMS SECURITIES LTD.
|
IMPOSED PENALTY
31-MAR-2020
|
SEBI VIDE ITS NOTICE DATED 17/07/2023 DIRECTED TO PAY RS.7,06,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 03/04/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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
|
| 133 |
|
|
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
|
|
| 134 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE)
|
|
|
|
GIRISH V.DEV
|
|
|
S.P.JAIN
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
|
IMPOSED PENALTY RS.10,000
03-MAR-2005
|
|
| 135 |
|
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
SHORT COLLECTION OF MARGIN FROM CLIENTS IN DERIVATIVE SEGMENT
|
IMPOSED PENALTY RS.25,00,000
29-APR-2022
|
|
| 136 |
|
|
MOTISONS SHARES PVT.LTD.
(PAN:AAECM3530C)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DISCREPANCIES IN STOCK RECONCILIATION
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT UNDERTAKE REPORTING AND TAGGING OF BANK ACCOUNTS
SHORT COLLECTION OF MARGINS FROM CLIENTS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 23-FEB-2026 TO 22-MAR-2026
23-FEB-2026
|
|
| 137 |
|
|
MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.
(Member : NSE/OTC)
|
|
|
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 26(XX) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,50,000
24-SEP-2009
|
|
| 138 |
|
|
N.P.C.SHARE BROKERS PVT.LTD.
(Member : UPSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-MAY-2003 TO 15-SEP-2003
25-APR-2003
|
|
| 139 |
|
|
NEPTUNE SECURITIES PVT.LTD.
(Member : ASE)
|
|
|
|
JIGNESH KANTILAL SHAH
|
|
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
17-JAN-2012
|
|
| 140 |
|
|
NEREYETH SECURITIES PVT.LTD.
(Member : BGSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF HOME TRADE LTD.
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-NOV-2005
|
|
| 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 12
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