sebi:WTM/MSS/------/MIRSD/11/2009

SEBI · SEBI · M. S. Sahoo, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Suspension of certificates of registration of 578 stock brokers for a period of 6 (six) months or till the time outstanding registration fees is fully paid, whichever is later

Provisions invoked

• s. 19

Regulations

• Reg. 33B

Parties

• 578 stock brokers (listed in the order, including Parasmal Dhingarmal Jain, Rajeev Kohli, and others)

Holding

The Whole Time Member suspended the certificates of registration of 578 stock brokers for a period of 6 (six) months or until outstanding registration fees are fully paid, whichever is later. The certificates of registration of sub brokers of subsidiaries of Stock Exchanges under Para 2 of Circular No.SMD-II/POLICY/CIR-37/99 dated November 26, 1999 shall also remain suspended accordingly.

Full text

Sl. No. Broker Registration No. Stock Exchange 21 Parasmal Dhingarmal Jain INB020472915 Ahmedabad 22 Rajeev Kohli INB020116216 Ahmedabad 23 Rajnikant Kantilal Shah INB020445020 Ahmedabad 24 Rameshchandra Lallubhai Chokshi INB020125912 Ahmedabad 25 Sanjay Rameshchandra Shah INB020494913 Ahmedabad 26 Satishkumar Nyalchand Shah INB020125618 Ahmedabad 27 Shree Vraj Holdings Pvt. Ltd. INB020953031 Ahmedabad 28 Spica Finstock Ltd. INB021032132 Ahmedabad 29 Arvind Kumar Babulal Almal INB021092912 Ahmedabad 30 Aruna Finstock Services Pvt. Ltd. INB020795039 Ahmedabad 31 Prerak Capital Services Pvt. Ltd. INB021030730 Ahmedabad 32 Ankush Holdings Ltd. INB020882639 Ahmedabad 33 Shakuntal Securities Pvt. Ltd. INB020903433 Ahmedabad 34 Vasudev Umiyashankar Bhatt INB020121514 Ahmedabad 35 Champaklal Bhailal Chokshi INB020446127 Ahmedabad 36 Kalpesh Kantilal Chawalla INB020548018 Ahmedabad 37 Parshwa Fnstock Pvt. Ltd. INB020908633 Ahmedabad 38 Koganti Yateendranath Bose INB080851110 Bangalore 39 Amit Securities Ltd. INB080878131 Bangalore 40 Ashok K Babu INB080632618 Bangalore 41 A. Kheemraj INB080168612 Bangalore 42 Ashok Kumar INB081077118 Bangalore 43 M. Ashok Mootha INB080138916 Bangalore 44 M. Balasubramaniam INB080177515 Bangalore 45 M. S. Samba Murthy Jahgirdar INB080461520 Bangalore 46 Monnet Portfolio Ltd. INB080798738 Bangalore 47 Mukund Mohta INB080957711 Bangalore 48 R Sowraiah INB080912011 Bangalore 49 RMV Shares & Securities Pvt. Ltd. INB080946231 Bangalore 50 S Rajkumar Pai IN

Sl. No. Broker Registration No. Stock Exchange 57 Chaturbhuj Sundarka INB170255215 Bhubaneshwar 58 Epari Sadasiva Rao INB170543217 Bhubaneshwar 59 Om Prakash Agarwal INB170767516 Bhubaneshwar 60 Pankaj Kumar Jaswantlal Shah INB170543315 Bhubaneshwar 61 Pradipta Kumar Dash INB170259818 Bhubaneshwar 62 Rabindra Bajoria INB170767918 Bhubaneshwar 63 S.Kedar Swamy Patra INB170767810 Bhubaneshwar 64 Sneha Parija INB170765117 Bhubaneshwar 65 Alka Choudhary INB170627115 Bhubaneshwar 66 Anju Batra INB170254314 Bhubaneshwar 67 Ashok Modi INB170253217 Bhubaneshwar 68 Ashwani Kumar INB170265313 Bhubaneshwar 69 Badri Narayan Saha INB170768613 Bhubaneshwar 70 Deepak J Dalal INB170773912 Bhubaneshwar 71 Dinesh Kumar Pathak INB170255518 Bhubaneshwar 72 Dinesh Kumar Sahu INB170255812 Bhubaneshwar 73 Eastern Leasing & Investment P. Ltd. INB170911433 Bhubaneshwar 74 Girdhari Lal Pathak INB170880014 Bhubaneshwar 75 Hrushikesh Nanda INB170256312 Bhubaneshwar 76 Kumud C. Shah INB170590416 Bhubaneshwar 77 Madhusudan Securities Ltd. INB170858739 Bhubaneshwar 78 Mahesh Chandra Kedia INB170852012 Bhubaneshwar 79 Manesh N. Shroff INB170822110 Bhubaneshwar 80 Manish Patnaik INB170851914 Bhubaneshwar 81 Mantri Pragada Srihari Rao INB170257810 Bhubaneshwar 82 Padma Kumar Bhawsinka INB170259514 Bhubaneshwar 83 Prabhat Kumar Tibrewal INB170259612 Bhubaneshwar 84 Pradeep Kumar Bhut INB170259710 Bhubaneshwar 85 Prakash Makhijani INB170259211 Bhubaneshwar 86 Rajendra Kumar Agarwal INB170773814 Bhubaneshwar 87

Sl. No. Broker Registration No. Stock Exchange 93 Nalin I. Mehta INB170542619 Bhubaneshwar 94 Nawal Kishore Bangur INB170258418 Bhubaneshwar 95 Om Prakash Dawar INB170631111 Bhubaneshwar 96 Ranjan Mandal INB170919612 Bhubaneshwar 97 Ravinder Chopra INB170260817 Bhubaneshwar 98 Sangita Prasad INB170768917 Bhubaneshwar 99 Sanjeev Gandhi INB170612913 Bhubaneshwar 100 Sarat Chandra Pradhan INB170936811 Bhubaneshwar 101 Sudhir Kumar Gupta INB170263618 Bhubaneshwar 102 Sushil Kumar INB170262619 Bhubaneshwar 103 Udaya Shankar Das INB170264617 Bhubaneshwar 104 Sandip R Shah INB170261512 Bhubaneshwar 105 Arun Kumar INB170802414 Bhubaneshwar 106 Sudhir Jain INB170263716 Bhubaneshwar 107 Aashish Ramlal Chawla INB170253814 Bhubaneshwar 108 Alok Kumar Saraf INB170542414 Bhubaneshwar 109 Babulal Sharma INB170254715 Bhubaneshwar 110 Bharat Kumar Seta INB170774010 Bhubaneshwar 111 Bijay Kumar Bagaria INB170254911 Bhubaneshwar 112 Jitendra Kumar Agarwala INB170256517 Bhubaneshwar 113 MFL Stock Broking Ltd. INB170939532 Bhubaneshwar 114 Naresh Kumar Agrawal INB170802316 Bhubaneshwar 115 Pawan K Bhawsinka INB170259417 Bhubaneshwar 116 Prakash Sharma INB170259015 Bhubaneshwar 117 Rajendra Prasad Bagaria INB170543413 Bhubaneshwar 118 Ram Pyara Chhabra INB170260611 Bhubaneshwar 119 Rajan Kumar Tripathy INB170261317 Bhubaneshwar 120 Sanat Kumar Kedia INB170262913 Bhubaneshwar 121 Satish Bansal INB170263119 Bhubaneshwar 122 Satish Kumar Gera INB170261914 Bhubaneshwar 123 Sumiti Bedi INB170544412 Bhu

Source: SecMarx — sebi:WTM/MSS/------/MIRSD/11/2009. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.