If you are an Existing User, please enter your Username & Password below

Forgot Password?

Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors
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
UPDATED TILL : 28-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.

PERSONS: INDULGED IN UNAUTHORISED TRADING IN FUTURES & OPTIONS

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person AMAR MUKESHBHAI SHAH  
  ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN F&O SEGMENT OF NATIONAL STOCK EXCHANGE   REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,75,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

15-SEP-2009 		 
2
History of entity/person AMAR MUKESHBHAI SHAH  
  INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT   CEASE AND DESIST FROM INDULGING IN FUTURES & OPTIONS CONTRACTS FROM 18-JUN-2007 TILL FURTHER ORDERS

18-JUN-2007 		 
3
History of entity/person RAJESH KUMAR  
  INDULGED IN CREATION OF ARTIFICIAL MARKET & PRICE MANIPULATION THROUGH STRUCTURED DEALS IN F&O SEGMENT OF NSE   IMPOSED PENALTY RS.4,00,000

18-DEC-2012 		 
4
History of entity/person SHAH CHIRAG KIRTIKUMAR  
  INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT   CEASE AND DESIST FROM INDULGING IN FUTURES & OPTIONS CONTRACTS FROM 18-JUN-2007 TILL FURTHER ORDERS

18-JUN-2007 		 
5
History of entity/person SURESH BHARRAT  
  INDULGED IN SYNCHRONIZED/MATCHED/REVERSAL TRANSACTIONS IN F&O SEGMENT OF NATIONAL STOCK EXCHANGE   IMPOSED PENALTY RS.17,50,000

27-MAY-2009 		SAT: SAT VIDE ITS ORDER DATED 18/12/2013 CONDONED THE DELAY OF 1514 DAYS IN DEPOSITING THE PENALTY OF RS.17.50 LACS AND DIRECTED THE APPLICANT TO DEPOSIT RS.5 LACS WITHIN 10 DAYS FROM THE DATE OF THIS ORDER AND RS.12.50 LACS ON OR BEFORE 31/03/2014. NO COSTS

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

SAT: APPEAL DISPOSED OFF AS WITHDRAWN. NO COSTS

SEBI VIDE ITS NOTICE DATED 11/02/2015 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 07/08/2015 DIRECTED TO PAY DUES OF RS.10,66,096 AND RECOVERY COST OF RS.1,000

SAT: SAT VIDE ITS ORDER DATED 10/03/2017, IN ALL THE APPEALS (EXCEPT IN APPEAL NO.41 OF 2014) INTEREST DEMANDED BY RO FROM THE DATE OF THIS ORDERS ARE QUASHED AND SET ASIDED AND ALL THESE MATTERS ARE RESTORED TO THE FILE OF RO FOR FRESH COMPUTATION OF INTEREST IN TERMS OF THIS DECISION

SAT: MISC.APPLICATION DISPOSED OFF. NO COSTS  
6
History of entity/person SURESH BHARRAT  
  INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT   CEASE AND DESIST FROM INDULGING IN FUTURES & OPTIONS CONTRACTS FROM 18-JUN-2007 TILL FURTHER ORDERS

18-JUN-2007 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

DISCLAIMER BY NSE

NSE is the co-sponsor of this website and supportive of the initiative taken for protection of interest of investors by Praxis Consulting & Information Services Pvt.Ltd. (PRAXIS), the creator of this website. However, NSE bear no responsibility for the views/information that is available on this website and as responsibility of the contents of this website solely rests with PRAXIS. NSE shall not be responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to or reliance on any information available on this website. Investors/visitors of this website are also advised to read through the other general disclaimer(s) and terms and conditions available on this website before using the website.

Site designed and maintained by watchoutinvestors.com
© PRIME DATABASE GROUP 2004-2025
No part of this site may be reproduced without the explicit permission of the owners.

top