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List of Defaulter / Expelled Members

List of Defaulter Members List of Expelled Members Other orders of MCSGFC
Date of Declaration Defaulter Members Reasons for declaring the member as defaulter Directors/partners Copy of the Order
30-Oct-2023

BALANCE EQUITY BROKING (INDIA) PVT. LTD.

1. Shortfall of client funds and securities
2. Non-resolution of investor complaints

SAMIR DHOLAKIA

KAUSHAL SHAH		 Download
24-Apr-2022 SUNNESS CAPITAL INDIA PVT. LTD.  1. Shortfall of client funds and securities
2. Non-resolution of investor complaints		 PADMAJYOTHI SREESHA
SASITOTA PRABHAKARA SHREESHA		 Download
15-Feb-2022 C. M. GOENKA STOCK BROKERS PVT. LTD. Misuse of client funds OM PRAKASH GOENKA
KAPIL GOENKA		 Download
28-Jan-2022 OMKAM CAPITAL MARKETS PRIVATE LIMITED Failure to recoup shortfall of client securities and settle the same PEEYUSH AGGARWAL
SACHIN GARG		 Download
Expand All | Collapse All
Defaulter Members prior to 2022
Date of Declaration Defaulter Members Reasons for declaring the member as defaulter Directors/partners Copy of the Order
18-Oct-2021 FIRST FUTURES AND STOCKS PRIVATE LIMITED 1) Shortfall of client funds
2) Non-resolution of investor complaints		 D. GUNASEKAR
G. SHRI SHIVAM		 Download
06-Sep-2021 YUVRAJ SECURITIES
(Proprietor: - Mr. Vijay Kumar Goel)		 1) Failure to recoup client funds & securities
2) Failure to resolve investor complaints		 -  
13-Jul-2021 STAR SHARE & STOCK BROKERS LTD. 1) Failure to honour arbitral award.
2) Failure to fulfill obligations and to abide by the arbitration
     proceedings		 MANOJ KUMAR
HARLEEN KAUR BINDRA
VINOD KUMAR GARG		  
13-Jul-2021 DESTINY SECURITIES LTD. 1) Failure to honour IGRP orders and 
2) Failure to resolve investor complaints		 ANIL KUMAR BAJORIA
MANOJ KUMAR AGRAWAL
BABITA AGRAWAL
PRANAY AGRAWAL		  
02-Jul-2021 ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 1) Member engaged in borrowing securities from their clients
     outside the framework of lending and borrowing securities
    (SLB Platform) established by SEBI and the Exchanges
2) Shortfall of clients’ funds and securities, indicating
     misutilization of clients’ assets.
3) Failure to resolve investor complaints		 NITIN BRAHMBHATT
ANTONY SEQUEIRA		  
26-03-2021 CONARD SECURITIES PRIVATE LIMITED 1) Failure to resolve the investor complaints
2) Member not contactable or responded to any of the
     Exchange communication
3) Being incommunicado, Member failed to cooperate with the      Exchange in the conduct of the inspection and furnish
     information for the same		 RAJDEEP MANOJ JAVERI
SHIKHA HEMANG SHAH		  
24-03-2021 BEZEL STOCK BROKERS PRIVATE LIMITED 1) Misuse of clients’ funds and securities
2) Non-settlement of client accounts
3) Shortfall in the net worth 
4) Failure to resolve investor complaints		 ANGAD SINGH BHATIA
GURBACHAN SINGH BHATIA		  
12-Mar-2021 REFLECTION INVESTMENTS 1) Shortfall in client funds
2) Shortfall in net worth
3)  Falsification of lnformation and misrepresentation of data
     submitted to the Exchange 
4) Failure to resolve investor complaints and non-fufillment of
     Grievance Redressal Committee (GRC) order
5) Failure to comply with the directions of the Member & Core
     Settlement Guarantee Fund Committee (MCSGFC)		 VIJAY SAMBRANI
CHANDRIKA SAMBRANI		  
22-Jan-2021 ACTION FINANCIAL SERVICES (INDIA) LIMITED 1) Misuse of client securities
2) Shortage of client Funds
3) Non-settlement of client accounts
4) Shortfall in Net worth
5) Mis-statement and incorrect reporting of data submission
     to the Exchange
6) Failure to resolve investor complaints		 BAKUL R PAREKH
PARUL DOSHI
HARBHAJAN SINGH J DHILLON
MILAN R PAREKH
RAJA GUPTA		  
14-Dec-2020 SUMPOORNA PORTFOLIO LIMITED 1) Non-availability of client funds and securities
2) Shortfall in net worth
3) Recording of fictitious entries in the Register of Securities
4) Non-settlement of client accounts
5) Non-resolution of investor complaints		 NITESH AGGARWALA
RAHUL YADAV
MANOJ KUMAR		  
26-Nov-2020 ANUGRAH STOCK & BROKING PVT. LTD. 1) Shortfall and misuse of client funds and securities
2) Inter Client Adjustments in Client Ledgers
4) Monthly pay-outs made to clients
5) Derivatives Advisory Services provided by the Member to its      clients offered through its own Company as well as through      its client and Associated entity
6) Falsification of records
7) Failure to resolve investor complaints		 PARESH KARIYA
SADHANA KARIYA		  
23-Nov-2020 KARVY STOCK BROKING LTD. 1) Misuse of client funds and securities
2) Non-settlement of client accounts
3) Unsatisfactory financial conditions
4) Non-submission of data to Exchange
5) Non-resolution of investor complaints		 M YUGANDHAR
BHAGWANDAS NARANG
JYOTHI PRASAD
C PARATHASARATHY		  
15-Sep-2020 MODEX INTERNATIONAL SECURITIES LTD. 1) Non-availability and Misuse of client funds
2) Shortfall in net worth
3) Non-settlement of client accounts
4) Non-availability and misuse of client securities
5) Falsification of books
6) Non-resolution of investor complaints		 AJAY JAIN
SARIKA CHAWLA
PAVAN KUMAR SACHDEVA
PARMINDER SINGH KINDRA
DHARMENDRA KUMAR ARORA		  
30-Apr-2020 VINEET SECURITIES (P) LTD. 1) Non-availability of Client funds and securities
2) Misuse of client securities
3) Falsification of accounts
4) Non-settlement of client accounts
5) Failure to resolve investor complaints		 VINEET JINDAL
SUSHIL KUMAR JINDAL
VIBHOR JINDAL		  
30-Apr-2020 GROVALUE SECURITIES PVT LTD. 1) Failure to co-operate with the Exchange in the conduct of
     the inspection
2) Unavailablity of funds to meet the client payables and non-
     availability of client securities
3) Non-settlement of client accounts
4) Shortfall in net worth
5) Failure to resolve investor complaints		 VINEET CHOPDA
AMIT GALA		  
29-Apr-2020 QUANTUM GLOBAL SECURITIES LIMITED 1) Misuse and Non-availability of client funds and securities
2) Non-settlement of client accounts
3) Shortfall in net worth
4) Falsification of books of accounts and Register of
     Securities of Clients
5) Failure to resolve investor complaints		 ATUL NARENDRA MALIK
PANKAJ KUMAR SINGH
BHAVESH KUMAR SINGH
SHIPRA KASANA
NITESH PRATAP MALIK		  
29-Apr-2020 WELLINDIA SECURITIES LIMITED 1) Misuse of client’s funds and securities
2) Non-Settlement of client accounts
3) Failure to resolve investor complaints		 ALOK GUPTA
ASHOK GUPTA
RAJIV AGRAWAL		  
28-Feb-2020 KSBL SECURITIES LIMITED 1)  Misuse of Client Funds and Securities
2) Falsification of books
3) Shortfall in net worth
4) Failure to resolve investor complaints		 SUMAN ARORA
RAMESH CHAND ARORA
TIKA RAM KHARE		  
13-Feb-2020 VRISE SECURITIES PRIVATE LIMITED 1) Non-availability of funds to meet client payables
2) Misuse of client funds and securities
3) Failure to co-operate with the Exchange in the conduct of
     the inspection
4) Failure to resolve investor complaints		 RAKESH KIRIT KADAKIA
SONAL RAKESH KADAKIA
ANKIT HASMUKH CHHEDA		  
13-Feb-2020 BMA WEALTH CREATORS LIMITED 1) Non-availability and misuse of client securities
2) Non-availability of sufficient funds to pay-off creditors
3) Mis-representation of data submitted to the Exchange
4) Failure to resolve investor complaints		 MURGESH DEVASHRAYI
ANUBHAV BHATTER
SHIV KUMAR DAMANI		  
13-Feb-2020 KAYNET FINANCE LIMITED 1) Failure to honour arbitral award.
2) Failure to fulfill obligations and to abide by the arbitration
     proceedings
3) Failure to resolve investor complaints		 RAJENDRA S DAGA
SANJAY A SHAH
PARESH ARVIND SHAH
MUKESH VASANTLAL SHAH		  
14-Jan-2020 FAIRWEALTH SECURITIES LIMITED 1) Non-availability and misappropriation of client securities
2) Non-availability of client funds
3) Shortfall in networth
4) Non-settlement of client accounts
5) Failure to resolve investor complaints		 SANDEEP JINDAL
NAVEEN GABA
DHIRENDER GABA		  
23-Dec-2019 WEALTH MANTRA LIMITED Pursuant to the expulsion and declaration of default by BSE Ltd. SANJEEV AGARWAL
BEENA AGARWAL
SUNITA AGARWAL		  
23-Dec-2019 CPR CAPITAL SERVICES LIMITED 1) Non-availability and Misuse of client securities
2) Shortfall in net worth
3) Non-settlement of client accounts
4) Failure to resolve investor complaints		 DINESH GARG
PAWAN KUMAR GARG
ANUJ GARG		  
04-Nov-2019 ALLIED FINANCIAL SERVICES PVT.LTD 1) Dealing with unregistered entities
2) Misuse of client funds
3) Shortfall in net worth
4) Non-availabilty of securities
5) Non-settlement of client accounts
6) Non-resolution of investor complaints 		 R P BASIA
AWANISH KUMAR MISHRA
LALIT AGARWAL
RAJIV ASOPA		  
04-Nov-2019 CREDENTIAL STOCK BROKERS LTD. 1) Misuse of client funds for meeting proprietary obligations
2) Non-availability of client funds and securities
3) Failure to co-operate with the Exchange in the conduct of
     the inspection
4) Non-resolution of investor complaints		 D K AGRAWAL
KARUNA AGRAWAL
NIKITA AGRAWAL		  
04-Nov-2019 RAGHUKUL SHARES INDIA PVT. LTD 1) Non-availability of client funds and securities
2) Non-settlement of client accounts
3) Mis-representation of data submifted to Exchange
4) Shortfall in net worth
5) Failure to co-operate with the Exchange in the conduct of
     the inspection
6) Failure to resolve investor complaints		 DHRUVESH PATEL
GANGARAM KHANDELWAL
SEEMA KHANDELWAL
AMIT SHARMA
SIYA RAM KHANDELWAL
SANDESH KHANDELWAL		  
06-May-2019 GUINESS SECURITIES LIMITED 1) Misuse of client funds and securities
2) Non-settlement of client accounts
3) Non-resolution of investor complaints		 SOUMEN CHATTERJEE
TARUN KANTI SENGUPTA
KAMAL KUMAR KOTHARI
DHARMENDRA KOTHARI		  
13-Aug-2018 PREM SOMANI SHARE BROKERS PVT. LTD. 1) Misuse of client funds and securities
3) Non-availability of funds to meet the client payables
4) Non-settlement of client accounts
5) Non-resolution of investor complaints		 PREM LATA SOMANI
NAWNEET SOMANI		  
13-Apr-2018 F6 FINSERVE PRIVATE LIMITED Pursuant to the expulsion and declaration of default by BSE Ltd. MEENU GOEL
PANKAJ GOEL
SANJAY ANAND
PRAVEEN SHARMA
RUCHIKA GOEL
DEEPAK GOEL
KAVITA ANAND
ASHA SHARMA		  
05-Mar-2018 FICUS SECURITIES PRIVATE LIMITED   VINOD KUMAR BANSAL
NEENA BANSAL		  
11-Oct-2017 AMRAPALI AADYA TRADING & INVESTMENT PVT. LTD.      
08-Jun-2017 MANOJ JAVERI STOCK BROKING PVT. LTD.      
06-Apr-2017 ALKA SECURITIES LTD      
06-Apr-2017 SAI SOFT SECURITIES LIMITED      
06-Apr-2017 ROYAL INTERNATIONAL SHARES PRIVATE LIMITED      
02-Sep-2008 KASS SECURITIES PVT. LTD.      
02-Sep-2008 HIMGIRI FINCAP LTD.      
04-Jul-2007 MADAN & CO. LTD.      
16-Dec-2004 ALBA CAPITAL MARKETS P LTD.      
01-Nov-2003 BLUE BLENDS STOCKS & SECURITIES LTD.      
03-May-2002 TRIUMPH INTERNATIONAL FINANCE INDIA LTD.      
19-Dec-2001 PRAMAN CAPITAL MarKET SERVICES LTD.      
01-Nov-2001 INDRAPRASTHA HOLDINGS LTD.      
19-Oct-2001 AKP SECURITIES (P) LTD.      
06-Aug-2001 LTC FINANCES & SECURITIES PVT. LTD.      
06-Aug-2001 E'L DORADO GUARANTEE LTD.      
19-Jun-2001 SHETH SECURITIES PVT. LTD.      
19-Jun-2001 RAJESH MEGHANI      
20-Apr-2001 KAMAL SECURITIES PVT. LTD.      
20-Apr-2001 SHALIBHADRA SECURITIES LTD.      
11-Apr-2001 BIYANI SECURITIES PVT. LTD.      
10-Apr-2001 BPS SECURITIES PVT LTD.      
14-Sep-2000 POISE SECURITIES& EXCHANGE LTD.      
16-May-2000 VALAMPURI& CO.LTD.      
29-Mar-2000 SAVASTHI INVESTMENTS LTD.      
05-Jul-1999 RAMAWATAR PODDAR      
28-Jun-1999 PADMINI FINANCIAL SERVICES LTD.      
16-Jun-1999 ALEMBIC SECURITIES PVT. LTD.      
21-May-1999 VINITHA ASSOCIATES PVT. LTD.      
21-May-1999 INDER MANOHAR FINANCIERS LTD.      
21-May-1999 KMF SECURITIES LTD.      
21-May-1999 TOPAZ SECURITIES LTD.      
16-Mar-1999 NRI FINANCIAL SERVICES LTD.      
06-Nov-1998 NEERAJ KUMar SINGHAL      
07-Sep-1998 SHRENIK J. SHAH      
17-Aug-1998 STENLY CREDIT CAPITAL LTD.      
17-Aug-1998 EDEN FINANCIAL SERVICES      
17-Aug-1998 ASIAN SECURITIES & STOCK LTD.      
17-Aug-1998 FISCAL LTD.      
08-Sep-1997 CMS SECURITIES LTD.      
08-Sep-1997 GAZI SECURITIES LTD.      
08-Sep-1997 MFL STOCK BROKING LTD.      
08-Sep-1997 PITTIE SECURITIES LTD.      
08-Sep-1997 MONTAGE SECURITIES LTD.      
01-Jul-1997 MAXWELL SECURITIES PVT. LTD.      
01-Jul-1997 R C GARG & SONS CAPITAL SERVICES LTD.      
01-Jul-1997 RAHIL INVESTMENTS & FINANCE LTD.      
01-Jul-1997 WESTFIN SECURITIES LTD.      
01-Jul-1997 VIPUL SECURITIES LTD.      
09-Jan-1997 ANAND STOCKS PVT. LTD.      
09-Jan-1997 LIBRA MANAGEMENT SERVICES LTD.      
09-Dec-1996 NEGO HOLDINGS LTD.      
09-Dec-1996 BALSHIA SECURITIES LTD.      
09-Dec-1996 AMIT FINANCIAL SERVICES LTD.      
Date of Declaration Expelled Members Reasons for declaring the member as expelled Directors/partners Copy of the Order Show Cause Notice issued by SEBI
10-Aug-2023

RDQ STOCK BROKING PRIVATE LIMITED
  1. Conduct of business in an unwarrantable and unjustifiable manner, i.e. collecting funds from public with a promise of assured returns
  1. Rajkamal Gupta
  2. Swarnendu Jana
 Download Download
18-Jul-2023 LFS BROKING PRIVATE LIMITED
  1. Engagement as a principal in business other than securities involving personal financial liability
  2. Non-fulfillment of fit and proper criteria by the Directors/Dominant Promoters
  1. Dilip Kumar Maity
  2. Saiyad Jiyajur Rahaman
 Download  
26-May-2023

INFOTECH PORTFOLIO PRIVATE LIMITED
  1. Falsification of internal audit report submitted to the Exchange
  1. Rashmi Bansal
  2. Vinod Kumar Bansal
 Download Download
14-Mar-2023

GSV SECURITIES PRIVATE LIMITED
  1. Fixed/excess pay-outs to clients
  1. J Venkata Tirupati Rao
  2. Rajesh Jopat 
 Download Download
14-Mar-2023

CONCUNSMART SHARES AND STOCK BROKER PVT. LTD.
  1. Monthly/regular pay-outs given to the clients
  1. Prashant Angane
  2. Pallavi Angane
 Download Download
23-Feb-2023

SINGLE WINDOW SECURITIES LIMITED
  1. Engagement in unwarrantable business, i.e. providing assured returns
  2. Misuse of clients’ funds
  3. Observation pertaining to discrepancies in maintenance of books of accounts

 

  1. Chandramohan Dawar
  2. R. Krishnaswamy
  3. P. Sivakumar
  4. Bharathi V. Mudaliar
 Download  
14-Jul-2021 STAMPEDE CAPITAL LIMITED 1. Offered fixed/assured returns
2. Shortfall in Networth
3. Misuse of clients’ funds and securities
4. Change in promoters/Undertaking change in control without obtaining prior approval of the Exchange		 PARAMESHWAR BOTLA,
JONNA VENKATA TIRUPATI RAO,
SHAIK HASEENA,
NAVEEN PARASHAR,
SRINIVAS MAYA,
ANIL THAKUR		 Download  
24-Apr-2022 SUNNESS CAPITAL INDIA PVT. LTD. 1. Shortfall of client funds and securities
2. Non-resolution of investor complaint		 PADMAJYOTHI SREESHA
SASITOTA PRABHAKARA SHREESHA		 Download  
09-Mar-2022 MITTAL SECURITIES PVT. LTD. Shortfall in Networth SURESH MITTAL
ANIL MITTAL		 Download  
15-Feb-2022 C. M. GOENKA STOCK BROKERS PVT. LTD. Misuse of client funds OM PRAKASH GOENKA
KAPIL GOENKA		 Download  
28-Jan-2022 OMKAM CAPITAL MARKETS PRIVATE LIMITED Failure to recoup shortfall of client securities and settle the same PEEYUSH AGGARWAL
SACHIN GARG		 Download  
Expand All | Collapse All
Expelled Members prior to 2022
Date of Declaration Expelled Members Reasons for declaring the member as expelled Directors/partners Copy of the Order
18-Oct-2021 FIRST FUTURES AND STOCKS PRIVATE LIMITED 1) Shortfall of client funds
2) Non-resolution of investor complaints		 D. GUNASEKAR
G. SHRI SHIVAM		 Download
12-Oct-2021 INDOVISION SECURITIES LIMITED 1) Misuse of client securities
2) Non settlement of client accounts		 SUBODH KUMAR DHANUKA
SANJAY KUMAR DHANUKA
REKHA DEVI DHANUKA		  
06-Sep-2021 YUVRAJ SECURITIES
(Proprietor: - Mr. Vijay Kumar Goel)		 1) Failure to recoup client funds & securities
2) Failure to resolve investor complaints		 - SCN dt.30Aug2024
13-Jul-21 STAR SHARE & STOCK BROKERS LTD. 1) Failure to honour arbitral award.
2) Failure to fulfill obligations and to abide by the arbitration
     proceedings		 MANOJ KUMAR
HARLEEN KAUR BINDRA
VINOD KUMAR GARG		 SCN dt.30Aug2024
13-Jul-21 DESTINY SECURITIES LTD. 1) Failure to honour IGRP orders and 
2) Failure to resolve investor complaints		 ANIL KUMAR BAJORIA
MANOJ KUMAR AGRAWAL
BABITA AGRAWAL
PRANAY AGRAWAL		  
02-Jul-21 ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 1) Member engaged in borrowing securities from their clients
     outside the framework of lending and borrowing securities
     (SLB Platform) established by SEBI and the Exchanges
2) Shortfall of clients’ funds and securities, indicating
     misutilization of clients’ assets.
3) Failure to resolve investor complaints		 NITIN BRAHMBHATT
ANTONY SEQUEIRA		  
26-03-2021 CONARD SECURITIES PRIVATE LIMITED 1) Failure to resolve the investor complaints
2) Member not contactable or responded to any of the
     Exchange communication
3) Being incommunicado, Member failed to cooperate with the      Exchange in the conduct of the inspection and furnish
     information for the same		 RAJDEEP MANOJ JAVERI
SHIKHA HEMANG SHAH		  
24-Mar-2021 BEZEL STOCK BROKERS PRIVATE LIMITED 1) Misuse of clients’ funds and securities
2) Non-settlement of client accounts
3) Shortfall in the net worth 
4) Failure to resolve investor complaints		 ANGAD SINGH BHATIA
GURBACHAN SINGH BHATIA		  
12-Mar-2021 REFLECTION INVESTMENTS 1) Shortfall in client funds
2) Shortfall in net worth
3) Falsification of lnformation and misrepresentation of data
     submitted to the Exchange
4) Failure to resolve investor complaints and non-fufillment of
     Grievance Redressal Committee (GRC) order
5) Failure to comply with the directions of the Member & Core
     Settlement Guarantee Fund Committee (MCSGFC)		 VIJAY SAMBRANI
CHANDRIKA SAMBRANI		 SCN dt.30Aug2024
22-Jan-2021 ACTION FINANCIAL SERVICES (INDIA) LIMITED 1) Misuse of client securities
2) Shortage of client Funds
3) Non-settlement of client accounts
4) Shortfall in Net worth
5) Mis-statement and incorrect reporting of data submission
     to the Exchange
6) Failure to resolve investor complaints		 BAKUL R PAREKH
PARUL DOSHI
HARBHAJAN SINGH J DHILLON
MILAN R PAREKH
RAJA GUPTA		  
14-Dec-2020 SUMPOORNA PORTFOLIO LIMITED 1) Non-availability of client funds and securities
2) Shortfall in net worth
3) Recording of fictitious entries in the Register of Securities
4) Non-settlement of client accounts
5) Non-resolution of investor complaints		 NITESH AGGARWALA
RAHUL YADAV
MANOJ KUMAR		  
26-Nov-2020 ANUGRAH STOCK & BROKING PVT. LTD. 1) Shortfall and misuse of client funds and securities
2) Inter Client Adjustments in Client Ledgers
4) Monthly pay-outs made to clients
5) Derivatives Advisory Services provided by the Member to its      clients offered through its own Company as well as through      its client and Associated entity
6) Falsification of records
7) Failure to resolve investor complaints		 PARESH KARIYA
SADHANA KARIYA		  
23-Nov-2020 KARVY STOCK BROKING LTD. 1) Misuse of client funds and securities
2) Non-settlement of client accounts
3) Unsatisfactory financial conditions
4) Non-submission of data to Exchange
5) Non-resolution of investor complaints		 M YUGANDHAR
BHAGWANDAS NARANG
JYOTHI PRASAD
C PARATHASARATHY		  
15-Sep-2020 ANEE SECURITIES PRIVATE LIMITED 1) Member not contactable or responded to any of the
     Exchange communication
2) Being incommunicado, Member failed to cooperate with the      Exchange in the conduct of the inspection and furnish
     information for the same		 ANJANEE KUMAR
AJIT KUMAR GUPTA		  
15-Sep-2020 MODEX INTERNATIONAL SECURITIES LTD. 1) Non-availability and Misuse of client funds
2) Shortfall in net worth
3) Non-settlement of client accounts
4) Non-availability and misuse of client securities
5) Falsification of books
6) Non-resolution of investor complaints		 AJAY JAIN
SARIKA CHAWLA
PAVAN KUMAR SACHDEVA
PARMINDER SINGH KINDRA
DHARMENDRA KUMAR ARORA		  
30-Apr-2020 VINEET SECURITIES (P) LTD. 1) Non-availability of Client funds and securities
2) Misuse of client securities
3) Falsification of accounts
4) Non-settlement of client accounts
5) Failure to resolve investor complaints		 VINEET JINDAL
SUSHIL KUMAR JINDAL
VIBHOR JINDAL		  
30-Apr-2020 GROVALUE SECURITIES PVT LTD. 1) Failure to co-operate with the Exchange in the conduct of
     the inspection
2) Unavailablity of funds to meet the client payables and non-
     availability of client securities
3) Non-settlement of client accounts
4) Shortfall in net worth
5) Failure to resolve investor complaints		 VINEET CHOPDA
AMIT GALA		  
29-Apr-2020 QUANTUM GLOBAL SECURITIES LIMITED 1) Misuse and Non-availability of client funds and securities
2) Non-settlement of client accounts
3) Shortfall in net worth
4) Falsification of books of accounts and Register of
     Securities of Clients
5) Failure to resolve investor complaints		 ATUL NARENDRA MALIK
PANKAJ KUMAR SINGH
BHAVESH KUMAR SINGH
SHIPRA KASANA
NITESH PRATAP MALIK		  
29-Apr-2020 WELLINDIA SECURITIES LIMITED 1) Misuse of client’s funds and securities
2) Non-Settlement of client accounts
3) Failure to resolve investor complaints		 ALOK GUPTA
ASHOK GUPTA
RAJIV AGRAWAL		  
28-Feb-2020 KSBL SECURITIES LIMITED 1) Misuse of Client Funds and Securities
2) Falsification of books
3) Shortfall in net worth
4) Failure to resolve investor complaints		 SUMAN ARORA
RAMESH CHAND ARORA
TIKA RAM KHARE		  
13-Feb-2020 VRISE SECURITIES PRIVATE LIMITED 1) Non-availability of funds to meet client payables
2) Misuse of client funds and securities
3) Failure to co-operate with the Exchange in the conduct of
     the inspection
4) Failure to resolve investor complaints		 RAKESH KIRIT KADAKIA
SONAL RAKESH KADAKIA
ANKIT HASMUKH CHHEDA		  
13-Feb-2020 BMA WEALTH CREATORS LIMITED 1) Non-availability and misuse of client securities
2) Non-availability of sufficient funds to pay-off creditors
3) Mis-representation of data submitted to the Exchange
4) Failure to resolve investor complaints		 MURGESH DEVASHRAYI
ANUBHAV BHATTER
SHIV KUMAR DAMANI		  
13-Feb-2020 KAYNET FINANCE LIMITED 1) Failure to honour arbitral award.
2) Failure to fulfill obligations and to abide by the arbitration
     proceedings
3) Failure to resolve investor complaints		 RAJENDRA S DAGA
SANJAY A SHAH
PARESH ARVIND SHAH
MUKESH VASANTLAL SHAH		  
14-Jan-2020 FAIRWEALTH SECURITIES LIMITED 1) Non-availability and misappropriation of client securities
2) Non-availability of client funds
3) Shortfall in networth
4) Non-settlement of client accounts
5) Failure to resolve investor complaints		 SANDEEP JINDAL
NAVEEN GABA
DHIRENDER GABA		  
04-Nov-2019 ALLIED FINANCIAL SERVICES PVT.LTD 1) Dealing with unregistered entities
2) Misuse of client funds
3) Shortfall in net worth
4) Non-availabilty of securities
5) Non-settlement of client accounts
6) Non-resolution of investor complaints 		 R P BASIA
AWANISH KUMAR MISHRA
LALIT AGARWAL
RAJIV ASOPA		  
04-Nov-2019 CREDENTIAL STOCK BROKERS LTD. 1) Misuse of client funds for meeting proprietary obligations
2) Non-availability of client funds and securities
3) Failure to co-operate with the Exchange in the conduct of
     the inspection
4) Non-resolution of investor complaints		 D K AGRAWAL
KARUNA AGRAWAL
NIKITA AGRAWAL		 SCN dt.30Aug2024
04-Nov-2019 RAGHUKUL SHARES INDIA PVT. LTD 1) Non-availability of client funds and securities
2) Non-settlement of client accounts
3) Mis-representation of data submifted to Exchange
4) Shortfall in net worth
5) Failure to co-operate with the Exchange in the conduct of
     the inspection
6) Failure to resolve investor complaints		 DHRUVESH PATEL
GANGARAM KHANDELWAL
SEEMA KHANDELWAL
AMIT SHARMA
SIYA RAM KHANDELWAL
SANDESH KHANDELWAL		  
06-May-2019 GUINESS SECURITIES LIMITED 1) Misuse of client funds and securities
2) Non-settlement of client accounts
3) Non-resolution of investor complaints		 SOUMEN CHATTERJEE
TARUN KANTI SENGUPTA
KAMAL KUMAR KOTHARI
DHARMENDRA KOTHARI		  
24-Aug-2018 MONEYFLO SECURITIES PVT. LTD. 1) Member not contactable or responded to any of the
     Exchange communication.
2) Being incommunicado, Member failed to cooperate with the      Exchange in the conduct of the inspection and furnish
     information for the same.
3) Failure to submit audited financial statements, net worth
     and insurance		 RAMAMURTHY GOPALAN
JAGADEESAN VENKATRAMAN CHANDRAMOULI
SHOBANA CHANDRAMOULI		  
13-Aug-2018 PREM SOMANI SHARE BROKERS PVT. LTD. 1) Misuse of client funds and securities
3) Non-availability of funds to meet the client payables
4) Non-settlement of client accounts
5) Non-resolution of investor complaints		 PREM LATA SOMANI
NAWNEET SOMANI		 SCN dt.30Aug2024
13-Apr-2018 WEALTH MANTRA LIMITED Pursuant to the expulsion and declaration of default by BSE Ltd. SANJEEV AGARWAL
BEENA AGARWAL
SUNITA AGARWAL		  
13-Apr-2018 F6 FINSERVE PRIVATE LIMITED Pursuant to the expulsion and declaration of default by BSE Ltd. MEENU GOEL
PANKAJ GOEL
SANJAY ANAND
PRAVEEN SHARMA
RUCHIKA GOEL
DEEPAK GOEL
KAVITA ANAND
ASHA SHARMA		  
05-Mar-2018 FICUS SECURITIES PRIVATE LIMITED 1) Non-availability and misuse of client securities 
2) Non-availability of client funds
3) Non-settlement of client accounts
4) Failure to resolve investor complaints		 VINOD KUMAR BANSAL
NEENA BANSAL		  
05-Mar-2018 CPR CAPITAL SERVICES LIMITED 1) Non-availability and Misuse of client securities
2) Shortfall in net worth
3) Non-settlement of client accounts
4) Failure to resolve investor complaints		 DINESH GARG
PAWAN KUMAR GARG
ANUJ GARG		  
12-Jan-2018 ENRICH FIN & SECURITIES LTD. 1) Non submission of data/records sought by Exchange
2) Misuse of client funds and securities
3) Non-settlement of client accounts		 SESHADRI BHARATHAN
TRINADH KIRAN VEMURI
USHA GUPTA
K. C. BANSAL
BIMLA BASAL		 SCN dt.30Aug2024
11-Oct-2017 AMRAPALI AADYA TRADING & INVESTMENT PVT. LTD.      
09-Nov-2015 ORION CAPITAL AND DEBT MARKET      
09-Nov-2015 MOONGIPA INVESTMENTS LIMITED      
28-Aug-2015 FIN BRAINS SECURITIES (INDIA) LTD.      
10-Jul-2015 CLICK2TRADE CAPITAL LTD.      
10-Apr-2015 KASSA FINVEST PVT. LTD.      
05-Sep-2014 UNICON SECURITIES PVT. LTD.     SCN dt.30Aug2024
07-Mar-2014 PRIME BROKING COMPANY (INDIA) LTD.      
19-Sep-2013 PARSOLI CORPORATION LTD.      
25-Sep-2009 MERFIN (INDIA) LTD.     SCN dt.30Aug2024
25-Sep-2009 GEMS EQUITIES & SECURITIES PVT. LTD.     SCN dt.30Aug2024
27-Jul-2009 GANGA YAMUNA FINVEST PVT. LTD.      
18-May-2009 SUNCHAN SECURITIES LTD.      
15-Jan-2009 ORIENT CAPITAL MARKETS P.LTD.     SCN dt.30Aug2024
05-Jan-2006 RUSODAY SECURITIES LTD.     SCN dt.30Aug2024
30-Aug-2005 PARIKH & SHAH FINVEST PVT LTD.     SCN dt.30Aug2024
01-Apr-2005 ADI K MOTAFRAM      
24-Nov-2004 SINGHMAN FINANCIAL SERVICES LTD.      
24-Nov-2004 KEN FINANCIAL SERVICES LTD.      
24-Nov-2004 GFC SECURITIES & FINANCE LTD.      
24-Nov-2004 PRIDE SHARES & CAPITALS PVT LTD.      
28-Apr-2004 CLASSIC SHARE & STOCK BROKING SERVICES LTD.     SCN dt.30Aug2024
28-Apr-2004 PRASAD & CO. (P) LTD.      
28-Apr-2004 NAGARJUNA SECURITIES LTD.      
28-Apr-2004 NH SECURITIES LTD.      
01-Jan-2004 ATLANTIS STOCKS LTD.      
01-Jul-2003 ACUMEN SECURITIES LTD.      
01-Jul-2003 ESSKYENNR SECURITIES LTD.      
01-May-2003 SMART INVESTMENT CONSULTANTS      
01-May-2003 SHREEJI FINVEST LTD.      
01-Apr-2003 SHREE KRISHNA & CO      
08-Nov-2002 INVESTNET SECURITIES INDIA LTD.     SCN dt.30Aug2024
08-Nov-2002 GURU HOLDING PVT LTD.      
01-Oct-2002 HOME TRADE LTD.      
01-Aug-2002 MCCLIFF SECURITIES LTD.      
01-Apr-2002 DISHA CAPITAL SERVICES LTD.      
22-Mar-2002 PLATINUM STOCK BROKING SERVICES LTD.      
15-Jan-2002 FIRST NATIONAL SECURITIES (INDIA) LTD.      
01-Jan-2002 POPULAR STOCK & SHARE SERVICES LTD.      
01-Nov-2001 SANMAC FINANCIAL SERVICES LTD      
01-Aug-2001 CENTURY CONSULTANTS LTD.     SCN dt.30Aug2024
01-Aug-2001 BHAVESH DHIRAJLAL STOCK BROKING CO. LTD.     SCN dt.30Aug2024
02-Jul-2001 JALPRADEEP SECURITIES LTD.      
01-Mar-2001 PREMIER SECURITIES LTD.      
01-Mar-2001 NEMANI STOCK BROKING PVT. LTD.      
01-Mar-2001 POL SECURITIES LTD.      
24-Jan-2001 MAHADEV STOCK BROKING COMPANY LTD.      
11-Jan-2001 MONEY MINT      
01-Jan-2001 LIONNAIRE HOLDINGS & INVESTMENTS PVT LTD.      
14-Sep-2000 ESQUIRE MONEY GUARENTEES LTD.      
14-Sep-2000 AVONSKI SECURITIES LTD.      
14-Sep-2000 ALMEIDA & COMPANY STOCK BROKERS LTD.      
16-May-2000 R KESAWAN      
16-May-2000 INVESTMENT POINT (INDIA) LTD.      
16-May-2000 DIGITAL LEASING AND FINANCE LTD.      
16-May-2000 DIAMOND SECURITIES PVT. LTD.      
16-May-2000 ARIHANT EQUITY FUND LTD.      
16-May-2000 SUSHANT CAPITAL LTD.      
16-May-2000 AMI SECURITIES LTD.      
29-Mar-2000 LEAPROFIN SECURITIES LTD.      
28-Feb-2000 OPTION PRATIBHUTI AND VINIMAY CO. LTD.      
02-Nov-1999 NCM NEHA SECURITIES LTD.      
02-Nov-1999 ASHOK GUPTA      
01-Sep-1999 H.M.DESAI SECURITIES LTD.      
05-Jul-1999 BROADLINE CAPFIN SERVICES (P) LTD.      
10-May-1999 OPART SECURITIES PVT LTD.      
29-Apr-1999 RAMAKRISHNA EQUITY FUND LTD.      
08-Apr-1999 MASCOT SECURITIES LTD.      
08-Apr-1999 SWARAJ FINANCIAL AND INVESTMENT PRIVATE LTD.      
08-Apr-1999 DALEEP KHOSLA      
08-Apr-1999 LUNAR HOLDINGS LTD.      
Date of Direction Name Of Member Details of  Direction Copy of the Order
25-Sep-2023 Abhipra Capital Limited

Recoup the net worth within 2 months from the date of this order to the satisfaction of the Exchange, failing which the trading terminals shall be disabled in all segments. Till the recoupment of net worth by the Noticee to the satisfaction of the Exchange:

  1. The Noticee shall be prohibited from registering new clients.
  2. The terminals of the Noticee shall be disabled in the derivatives segment.
  3. The settlement of client obligations shall be done by the Noticee on a bill-to-bill basis and the Noticee shall submit a fortnightly certificate certified by a Chartered Accountant to that effect to the Exchange.
 Download
14-Jul-2023 Angel One Limited
  1. Prohibited from onboarding new APs for 6 months from the date of the order.
  2. Conduct an inspection of all its APs and submit a report thereof to the satisfaction of the Exchange within 6 months from the date of the order.
  3. Submit a detailed report on its investors’ grievance redressal mechanism.
 Download
23-Jun-2023 SPFL Securities Limited Prohibited from registering new clients and APs for three months from the date of the order Download
21-Jun-2023 LSC Securities Limited Prohibited from registering new clients and APs for three months from the date of the order Download
26-May-2023 Abhipra Capital Limited

The trading terminals of Abhipra Capital Limited shall be disabled in all segments with immediate effect till further direction.

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25-May-2023 Riddhi Kalapi Shah

Ms. Riddhi Kalapi Shah is restrained from associating with any Trading Member of the Exchange, directly or indirectly, in any capacity including as an Authorised Person, as a Director, Shareholder or Compliance Officer of any Authorised Person or Trading Member for a period of 6 months from the date of the order.

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15-May-2023 Junjharji Investment Private Limited

Suspension of trading membership of Junjharji Investment Pvt. Ltd. in CM and F&O segments for two consecutive days, June 6, 2023, and June 7, 2023

Download

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03-Mar-2023 Kedia Capital Services Private Limited Prohibited from registering new clients for six months from the date of the order Download
20-Feb-2023 FNO lndia Securities Private Limited Prohibited from registering new clients in all segments with 
immediate effect until further direction		 Download
31-Jan-2023 LFS Broking Private Limited Suspension of trading membership of the Noticee in all segments Download
25-Jan-2023 Century Finvest Private Limited

The trading membership of the Noticee shall be suspended for a period of six months from the date of this order

The Noticee shall recoup the shortfall in net worth within 2 months from the date of the order and submit the net worth certificate duly certified by a Chartered Accountant to the Exchange, failing which the trading terminals shall continue to remain disabled

 Download
05-Nov-2022 LFS Broking Private Limited Suspension of trading membership of the Notice in all segments Download
11-Aug-2022 Profitmart Securities Private Limited 

Prohibited from registering new clients and Authorised Persons for two months from the date of this order along with monetary penalty and other directions.

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18-July-2022  Arihant Capital Markets Ltd. Warning to ensure non-recurrence of violations Download
12-July-2022 Profitmart Securities Private Limited prohibited from registering new clients in all segments and new Authorised Person with immediate effect
until further direction.		 Download
29-Jun-2022 ANGEL ONE LIMITED Warning to strictly adhere to the guidelines stipulated under the SEBI Circular No. MIRSD/DR-1/Cir-16/09 dated November 6, 2009, and Exchange Circular No. NSE/INSP/42448 dated October 18, 2019 henceforth Download
17-Apr-2022 CONCUNSMART SHARES AND STOCK BROKER PVT. LTD.

The trading terminals of the Noticee shall be disabled in all segments with immediate effect.

The interim direction prohibiting the Noticee from registering new clients in all segments shall continue to be in force until further direction.

 Download
21-Mar-2022 DEALMONEY SECURITIES PRIVATE LIMITED The Noticee is prohibited from registering new clients with immediate effect until further direction. Download
16-Mar-2022 GSV SECURITIES PVT. LTD. STOPPING OF NEW CLIENTS Download
14-Mar-2022 CONCUNSMART SHARES AND STOCK BROKER PRIVATE LIMITED STOPPING OF NEW CLIENTS Download
28-Feb-2022 ARTHA VRIDDHI SECURITIES LIMITED CONTINUED DISABLEMENT Download
11-Feb-2022 INDIANIVESH SHARES AND SECURITIES PRIVATE LIMITED SUSPENSION Download
27-Jan-2022 ABHIPRA CAPITAL LIMITED STOPPING OF NEW CLIENTS Download
Updated on: 11/09/2024