| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANJAN KUMAR TEKRIWAL,M/S
(Member : MGSE)
|
|
|
|
ANJAN KUMAR TEKRIWAL
|
|
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT PAY FEES TO SEBI
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-SEP-1998 TO 30-NOV-1998
25-AUG-1998
|
|
| 2 |
|
|
BANGUR & CO.
(Member : MGSE)
|
|
|
|
SHREE VALLABH BANGUR
|
|
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT PAY FEES TO SEBI
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-SEP-1998 TO 14-DEC-1998
02-SEP-1998
|
|
| 3 |
|
|
BIPIN & CO.
(Member : MGSE)
|
|
|
|
BIPIN JAIN
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DEALT WITH UN-REGISTERED SUB-BROKERS
CHARGED EXCESS BROKERAGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-JUL-1998 TO 27-OCT-1998
23-JUL-1998
|
|
| 4 |
|
|
D.P.SINGH & CO.
(Member : UPSE)
|
|
|
|
DHRUVNITI PRASAD SINGH
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CEASED TRADING RIGHTS AS STOCK BROKER
ADVISED TO SURRENDER SEBI REGISTRATION CERTIFICATE
17-OCT-2011
|
|
| 5 |
|
|
DEWAN FINANCIAL SERVICES
(Member : UPSE)
|
|
|
|
RAJ DEWAN
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CEASED TRADING RIGHTS AS STOCK BROKER
ADVISED TO SURRENDER SEBI REGISTRATION CERTIFICATE
17-OCT-2011
|
|
| 6 |
|
|
HSE SECURITIES LTD.
(Member : NSE)
|
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
PERMITTED CERTAIN SUB-BROKERS TO TRADE HAVING NEGATIVE NET WORTH
DID NOT COLLECT ADEQUATE MARGIN FROM SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-SEP-2006
|
|
| 7 |
|
|
KHANJAN GUPTA & CO.
(Member : UPSE)
|
|
|
|
KHANJAN GUPTA
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CEASED TRADING RIGHTS AS STOCK BROKER
ADVISED TO SURRENDER SEBI REGISTRATION CERTIFICATE
17-OCT-2011
|
|
| 8 |
|
|
MAHARANI & CO.
(Member : UPSE)
|
|
|
|
SANJAY KUMAR KESARWANI
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CEASED TRADING RIGHTS AS STOCK BROKER
ADVISED TO SURRENDER SEBI REGISTRATION CERTIFICATE
17-OCT-2011
|
|
| 9 |
|
|
MEFCOM SECURITIES & STOCK BROKERS
(Member : DSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JUN-1998
|
|
| 10 |
|
|
NIRUPAMBEN PATEL,M/S
(Member : MPSE)
|
|
|
|
NIRUPAMA B.PATEL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
SUBMITTED WRONG INFORMATION TO SEBI
LEASED MEMBERSHIP CARD OF THE EXCHANGE
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-1999 TO 06-JUL-1999
05-JAN-1999
|
|
| 11 |
|
|
RELIANCE SHARE & STOCK BROKERS PVT.LTD.
(Member : BSE/NSE/CSE/VSE/BGSE/ASE/OTC)
|
|
|
|
AMITABH JHUNJHUNWALA
|
|
|
D.H.SHAH
|
|
|
R.P.MEHTA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT ISSUE CONTRACT NOTES
DID NOT MENTION CLIENT NUMBERS ON CONTRACT NOTES
CARRIED OUT TRANSACTION IN ITS OWN NAME INSTEAD OF CLIENTS NAME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
PENDING EXECUTION OF THE ORDER AS MANDATORY ACCORDING TO THE REGULATIONS 6(B) OF PFUTP
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
EXCEEDED INTRA DAY TRADING LIMITS
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT ACCOUNT FOR MISSING CONTRACT NOTES
DID NOT KEEP PROPER PROPORTION OF CASH & FIXED DEPOSITS FOR CAPITAL ADEQUACY
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JAN-2007 TO 30-APR-2007
11-DEC-2006
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.48,00,000, LEGAL EXPENSES RS.2,00,000 VIDE CONSENT ORDER)
07-DEC-2007
|
SAT: IMPUGNED ORDER SHALL REMAIN STAYED DURING PENDENCY OF THE APPEAL
SAT: ORDER SET ASIDE AS APPLICANT PAID RS.48,00,000 TOWARDS SETTLEMENT CHARGES AND RS.2,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER DATED 07/12/2007
|
| 12 |
|
|
RUSODAY SECURITIES LTD.
(Member : NSE)
|
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 19-MAY-1997
19-MAY-1997
|
SAT: APPEAL DISMISSED LEAVING PARTIES TO BEAR THEIR OWN COSTS
SAT: MISC.APPLICATION DISPOSED OFF. NO COSTS
|
| 13 |
|
|
VSE STOCK SERVICES LTD.
(PAN:AABCV4258K)
(Member : BSE)
|
|
|
DID NOT DEPOSIT BMC WITH STOCK EXCHANGE
ACCEPTED SHARES INSTEAD OF CASH TOWARDS MARGIN DEPOSIT/BMC/ADDITIONAL CAPITAL
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-FEB-2006
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
