| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANAGRAM SECURITIES LTD.
(Member : ASE/NSE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
INTERIM ORDER DATED 27/04/2006 SET ASIDE
|
| 2 |
|
|
ARTH STOCK BROKING PVT.LTD.
(PAN:AACCA6146L)
(Member : ASE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
SEBI VIDE ITS ORDER DATED 03/06/2022 DIRECTED TO LIFT THE RESTRAINT IMPOSED VIDE INTERIM ORDER DATED 27/04/2006 AS HAS BECOME REDUNDANT AND NEED NOT TO BE PURSUED FURTHER
|
| 3 |
|
|
DEEP STOCKBROKING PVT.LTD.
(Member : NSE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,68,176, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.19,31,824 VIDE CONSENT ORDER)
04-NOV-2008
|
CONFIRMED INTERIM ORDER DATED 27/04/2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.3,68,176 AGAINST SETTLEMENT CHARGES AND RS.19,31,824 AGAINST AMOUNT DISGORGED AS PER CONSENT ORDER DATED 04/11/2008
|
| 4 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Member : BSE/NSE)
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
SEBI ORDER DATED 27/04/2006 KEPT IN ABEYANCE SUBJECT TO VERIFICATION OF CLIENTS
INTERIM ORDER DATED 27/04/2006 STANDS DISPOSED OFF, WITHOUT ANY FURTHER DIRECTIONS
|
| 5 |
|
|
JHAVERI SECURITIES LTD.
(PAN:AAACJ4727A)
(Member : NSE/BSE)
|
|
|
|
KAMLESH JHAVERI
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
REVOKED PROHIBITION IMPOSED FOR DEALING IN CAPITAL MARKET
|
| 6 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : BSE/NSE/HSE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
DIRECTED NOT TO UNDERTAKE ANY PROPRIETARY TRADES IN SECURITIES
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE AND CASE REMANDED TO SEBI WITH A DIRECTION TO PASS THREE SEPARATE ORDERS
SEBI VIDE ITS ORDER DATED 28/01/2014 PROHIBITED KARVY FROM TAKING UP ANY NEW ASSIGNMENT (I.E. NOT TO TAKE UP ANY NEW CLIENTS) FOR A PERIOD OF EIGHTEEN MONTHS.AS KARVY HAS ALREADY UNDERGONE SUCH PROHIBITION FOR 18 MONTHS AND 26 DAYS, NO FURTHER PENALTY IS IMPOSED
SEBI VIDE ITS ORDER DATED 14/03/2014, PROHIBITED KARVY FROM TAKING UP ANY NEW ASSIGNMMENT OR CONTRACT OR LAUNCH A NEW SCHEME (I.E.,NOT TO TAKE NEW CLIENTS/CUSTOMERS) FOR A PERIOD OF SIX MONTHS IN RESPECT OF ITS BUSINESS AS A STOCK BROKER
SAT: SAT VIDE ITS ORDER DATED 21/01/2015 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 14/03/2014 AND RESTORED THE FILE TO SEBI FOR PASSING A FRESH ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 15/06/2015 DIRECTED TO DISPOSE OFF THE PROCEEDINGS BY DIRECTING THE NOTICEE, KARVY STOCK BROKING LTD. NOT TO UNDERTAKE NEW PRIMARY MARKET ASSIGNMENT INCLUDING ACTING AS SYNDICATE MEMBER OR PROVIDING SYNDICATION SERVICES (PROCURING IPO APPLICATIONS AND BIDDING IN IPOS), DIRECTLY OR INDIRECTLY, IN IPOS FOR A PERIOD OF ONE YEAR. IN ORDER TO AVOID INCONVENIENCE TO ANY ISSUER/INTERMEDIARY, IT IS CLARIFIED THAT THIS DIRECTION SHALL NOT HINDER THE ACTIVITIES FOR WHICH THE NOTICEE WAS ALREADY ENGAGED FOR UNDERTAKING PRIMARY MARKET ACTIVITIES BEFORE THE DATE OF THIS ORDER
|
| 7 |
|
|
MAGNUM EQUITY SERVICES LTD.
(PAN:AAACM4483G)
(Member : NSE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
|
INTERIM ORDER DATED 27/04/2006 SET ASIDE
|
| 8 |
|
|
PARAG JHAVERI & CO.
(Member : VSE)
|
|
|
|
PARAG P.JHAVERI
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,80,00,000, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.24,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/ SPECIFIED SCRIPS DIRECTLY/INDIRECTLY) FROM 01-MAR-2009 TO 29-FEB-2012
10-FEB-2009
|
CONFIRMED INTERIM ORDER DATED 27/04/2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
REVOKED DIRECTIONS ISSUED IN AD-INTERIM CONFIRMATORY ORDER DATED 09/05/2007. DIRECTED TO DISGORGE UNLAWFUL GAIN OF RS.24 LACS AND RS.180.00 LACS TOWARDS SETTLEMENT CHARGES AND UNDERGO VOLUNTARY DEBARMENT FOR 3 YEARS FROM 01/03/2009.DIRECTED NSDL TO PERMIT OPERATION OF DEMAT ACCOUNT FOR LIMITED PURPOSE OF SALE OF SPECIFIED SHARES.INSTRUCTED KARVY STOCKBROKING LTD. (DP) AND KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD. (STOCK BROKER) TO TAKE PRIOR CLEARANCE FROM NSDL AND AMOUNT OF SHARES SOLD SHOULD NOT EXCEED RS.2.04 CRORES. DIRECTED NSE TO PAY ENTIRE SALE PROCEEDS DIRECTLY TO SEBI WITHIN 7 DAYS. FURTHER DIRECTED TO COMPLETE SALE OF SHARES LATEST BY 20/02/2009KHANDWALA (STOCK BROKER) TO TAKE PRIOR CLEARANCE FROM NSDL AND AMOUNT OF SHARES SOLD SHOULD NOT EXCEED RS.2.04 CRORES.DIRECTED NSE TO PAY ENTIRE SALE PROCEEDS DIRECTLY TO SEBI WITHIN 7 DAYS. FURTHER DIRECTED TO COMPLETE SALE OF SHARES LATEST BY 20/02/2009
|
| 9 |
|
|
RAJESH JHAVERI STOCK BROKERS PVT.LTD.
(CIN:U67120GJ1995PTC024321)
(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE/NSE)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,05,395, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.5,26,975 VIDE CONSENT ORDER)
29-MAY-2009
|
AD INTERIM EX-PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.5,26,975 TOWARDS DISGORGEMENT OF UNLAWFUL GAIN AND RS.1,05,395 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 29/05/2009
|
| 10 |
|
|
RAJESH N.JHAVERI,M/S
(PAN:ADAPJ5993J)
(Member : ASE)
|
|
|
|
GAUTAM NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.23,64,998, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.2,36,49,980 VIDE CONSENT ORDER)
25-JUN-2009
|
CONFIRMED INTERIM ORDER DATED 27/04/2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
|
| 11 |
|
|
SANJAY R.SHAH,M/S
(Member : ASE)
|
|
|
|
SANJAY RAMESHCHANDRA SHAH
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.61,680, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.4,18,320 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
13-AUG-2008
|
ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.4,18,320 AGAINST NOTIONAL UNDUE GAIN AND SETTLEMENT CHARGES OF RS.61,680 JOINTLY WITH SANJAY RAMESHCHANDRA SHAH(HUF) AND RAMESH CHIMANLAL SHAH AS PER CONSENT ORDER DATED 13/08/2008
|
| 12 |
|
|
VASUDEV GORDHANDAS DAPKI,M/S
(Member : ASE)
|
|
|
|
VASUDEV GORDHANDAS DAPKI
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,00,000, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.30,00,993 VIDE CONSENT ORDER)
05-NOV-2008
|
ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.3,00,000 AGAINST SETTLEMENT CHARGES AND RS.30,00,993 AGAINST AMOUNT DISGORGED AS PER CONSENT ORDER DATED 05/11/2008
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
