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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
PERIOD COVERED : 30-NOV-2007 TO 07-AUG-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: DID NOT REFUND MONEY COLLECTED UNDER CIS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ABHIPRA CAPITAL LTD.

(PAN:AABCA1702F)

(Member : NSE/BSE/OTC)  
  DID NOT REFUND MONEY COLLECTED UNDER CIS

ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS

ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES

ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS   		REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.1,00,000 VIDE CONSENT ORDER)

08-APR-2009 		INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LIMITED ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI’S WITHIN 30 DAYS

INTERIM ORDER DATED 29/10/2007 MODIFIED BY LIFTING 30 DAYS TIME STIPULATED THEREIN FOR SETTLING THE DUES OF JOHARI’S.SAME AS ABOVE 10 MATTER SETTLED THROUGH ARBITRATION AWARD AND BY CONSENT ORDER DATED 8.04.2009

COMPANY VIDE DD NO.501444 DATED 07/03/2009 AND 501397 DATED 06/03/2009 DRAWN ON ICICI BANK LTD. HAS PAID RS.10 LACS TOWARDS SETTLEMENT CHARGES AND RS.1 LAC TOWARDS ADMINISTRATIVE CHARGES RESPECTIVELY  
2
History of entity/person JMP SECURITIES PVT.LTD.

(PAN:AAACJ8850C)

(Member : BSE)  
  ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

ALLEGED FAILURE IN COLLECTION OF ADEQUATE MARGIN

DID NOT REFUND MONEY COLLECTED UNDER CIS

ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES

ALLEGED MISUTILISATION OF CLIENTS FUNDS

ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT

ALLEGED FAILURE IN ENTERING INTO SEPARATE AGREEMENTS WITH JOBBERS

ALLEGED FAILURE IN EXECUTING AGREEMENTS ON STAMP PAPER   		REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,50,000 VIDE CONSENT ORDER)

28-JUL-2010 		 
3
History of entity/person SMC GLOBAL SECURITIES LTD.

(PAN:AAACS0581R)

(Member : LSE/OTC/NSE)  
  ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE

ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS

ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT

ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION

ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS

ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME

ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS

ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES

ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS

ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI

ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS

ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING

ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL

ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE   		REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)

08-AUG-2008 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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