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  • Recent Regulatory Orders
Regulatory Actions Covered By This Website

Recent Regulatory Orders

The regulatory orders issued during 15 days preceding today are listed in a chronological order.

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.

S. No. DATE OF ORDER PERSON ENTITY COMPETENT AUTHORITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
26-MAR-2024
History of entity/person AUTUS SECURITIES PVT.LTD. 
  BSE  RESIGNED AND/OR SURRENDERED MEMBERSHIP CARD TO STOCK EXCHANGE  CANCELLED STOCK BROKER MEMBERSHIP

26-MAR-2024
BSE VIDE ITS NOTICE DATED 26/03/2024 INFORMED THAT THE SURRENDER OF MEMBERSHIP HAS BEEN APPROVED BY SEBI  
26-MAR-2024 History of entity/person  HEET MANISH BAFNA (AKA.HEET MANISH BAPNA)  

(PAN:ACYPG9384P)
History of company STANDARD CHARTISTS

(PAN:ACYPG9384P)
 
SEBI  DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER  IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-MAR-2024
 
26-MAR-2024 History of entity/person  HEET MANISH BAPNA (AKA.HEET MANISH BAFNA)  

(PAN:ACYPG9384P)
History of company STANDARD CHARTISTS

(PAN:ACYPG9384P)
 
SEBI  DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER  IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-MAR-2024
 
26-MAR-2024 History of entity/person  JAYESH SHANTILAL RAVAL  

(PAN:BXEPR5948G)
History of company WAYS2STAR

(PAN:BXEPR5948G)
 
SEBI  ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION  DIRECTED TO REFUND MONEY RECEIVED FROM CLIENTS/INVESTORS/COMPLAINANT AS FEES OR CONSIDERATION OR IN ANY OTHER FORM IN RESPECT OF UNREGISTERED INVESTMENT ADVISORY ACTIVITIES

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM

DIRECTED BANKS TO ALLOW DEBIT FOR PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 26-MAR-2024 TO 25-MAR-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 26-MAR-2024 TO 25-MAR-2026

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-MAR-2024
 
26-MAR-2024
History of entity/person PAN SECURITIES LTD. 

(PAN:AACCP0193N)
  BSE  RESIGNED AND/OR SURRENDERED MEMBERSHIP CARD TO STOCK EXCHANGE  CANCELLED STOCK BROKER MEMBERSHIP

26-MAR-2024
BSE VIDE ITS NOTICE DATED 26/03/2024 INFORMED THAT THE SURRENDER OF MEMBERSHIP HAS BEEN APPROVED BY SEBI  
26-MAR-2024
History of entity/person STANDARD CHARTISTS 

(PAN:ACYPG9384P)
History of entity/person HEET MANISH BAFNA (AKA.HEET MANISH BAPNA)

(PAN:ACYPG9384P)

History of entity/person HEET MANISH BAPNA (AKA.HEET MANISH BAFNA)

(PAN:ACYPG9384P)
 
SEBI  DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER  IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-MAR-2024
 
26-MAR-2024
History of entity/person WAYS2STAR 

(PAN:BXEPR5948G)
History of entity/person JAYESH SHANTILAL RAVAL

(PAN:BXEPR5948G)
 
SEBI  ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION  DIRECTED TO REFUND MONEY RECEIVED FROM CLIENTS/INVESTORS/COMPLAINANT AS FEES OR CONSIDERATION OR IN ANY OTHER FORM IN RESPECT OF UNREGISTERED INVESTMENT ADVISORY ACTIVITIES

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM

DIRECTED BANKS TO ALLOW DEBIT FOR PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 26-MAR-2024 TO 25-MAR-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 26-MAR-2024 TO 25-MAR-2026

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-MAR-2024
 
22-MAR-2024
History of entity/person MOHOTA INDUSTRIES LTD. 
  MSEI  RESOLUTION PLAN APPROVED PURSUANT TO ORDER OF NCLT UNDER INSOLVENCY & BANKRUPTCY CODE, 2016  SUSPENDED FROM TRADING FROM 28-MAR-2024

22-MAR-2024
 
22-MAR-2024
History of entity/person SHIKAGO TRADE PVT.LTD. 
  MCX  RESIGNED AND/OR SURRENDERED TRADING-CUM CLEARING MEMBERSHIP  CANCELLED REGISTRATION AS TRADING MEMBERSHIP

22-MAR-2024
 
10  22-MAR-2024
History of entity/person SHRI SUMATI INDUSTRIES PVT.LTD. 
  MCX  RESIGNED AND/OR SURRENDERED TRADING-CUM CLEARING MEMBERSHIP  CANCELLED REGISTRATION AS TRADING MEMBERSHIP

22-MAR-2024
 
11  21-MAR-2024 History of entity/person  HARINDER KUMAR SAHU  

(PAN:BLPPS3144G)
  SEBI  DID NOT MAKE PUBLISH INVESTOR CHARTER ON THEIR WEBSITE

DID NOT OBTAIN NISM CERTIFICATION AS RESEARCH ANALYST

DID NOT MENTION FULL REGISTERED ADDRESS OF BUSINESS PLACE ON WEBSITE

DID NOT ESTABLISH INTERNAL POLICY AND CONTROL PROCEDURE TO ADDRESS POTENTIAL CONFLICTS OF INTEREST ARISING FROM TRADING ACTIVITIES AND RESEARCH ANALYST ACTIVITIES

DID NOT MAKE DISCLOSURE OF MATERIAL DISCLOSURES INCLUDING SEBI REGISTRATION NUMBER, DETAILS ABOUT BUSINESS ACTIVITIES IN RESEARCH REPORTS, FINANCIAL INTEREST/BENEFICIAL OWNERSHIP OF IT AND ITS ASSOCIATES IN SECURITIES

MADE UNREALISTIC AND MISLEADING DISCLOSURES WITH RESPECT TO PROFIT AND LOSS MADE FROM TRADING/OPTIONS STRATEGIES OFFERED

DID NOT MAINTAIN RECORDS IN RESPECT OF RECOMMENDATIONS/CALLS MADE THROUGH WHATSAPP/E-MAIL/TERMINAL 
SUSPENDED REGISTRATION AS RESEARCH ANALYSTS

21-MAR-2024
 
12  21-MAR-2024
History of entity/person MOHOTA INDUSTRIES LTD. 
  NSE  RESOLUTION PLAN APPROVED PURSUANT TO ORDER OF NCLT UNDER INSOLVENCY & BANKRUPTCY CODE, 2016  COMPANY DELISTED FROM 28-MAR-2024

21-MAR-2024
 
13  21-MAR-2024
History of entity/person MOHOTA INDUSTRIES LTD. 
  BSE  RESOLUTION PLAN APPROVED PURSUANT TO ORDER OF NCLT UNDER INSOLVENCY & BANKRUPTCY CODE, 2016  COMPANY DELISTED FROM 28-MAR-2024

21-MAR-2024
 
14  20-MAR-2024 History of entity/person  AMIT BABBAR  

(PAN:AGNPB2362F)
  SEBI  DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF VIKAS PROPPANT & GRANITE LTD.

AIDED AND ABETTED PROMOTERS AND DIRECTORS IN DEPLOYING FRAUDULENT SCHEME/DEVICE TO ALLOW TO DISPOSE-OFF THEIR LARGE QUANTITY OF SHARES OF VIKAS PROPPANT & GRANITE LTD. THROUGH THEIR RELATED/ASSOCIATED ENTITIES 
IMPOSED PENALTY RS.6,00,000

20-MAR-2024
 
15  20-MAR-2024 History of entity/person  AMIT MANCHANDA  

(PAN:ALDPM3315N)
  SEBI  DID NOT MONITOR THE TRADES OF ALL DESIGNATED PERSONS, COMPLIANCE OF COMPANY’S CODE OF CONDUCT AND ADMINISTER THE SEBI (PIT) REGULATIONS EFFECTIVELY VIOLATING REGULATION 9(3) OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF RADICO KHAITAN LTD.  IMPOSED PENALTY RS.5,00,000

20-MAR-2024
 
16  20-MAR-2024 History of entity/person  ANGURI DEVI GARG  

(PAN:ABQPG5315F)
  SEBI  EXECUTED OFF-MARKET TRANSACTION OF SHARES WITHOUT ANY PAYMENT/RECEIPT OF CONSIDERATION VIOLATING SECTION 2(I)(A) OF SCRA, 1956 READ WITH SECTIONS 13, 16 AND 18 OF SCRA, 1956 AND SEBI NOTIFICATION NO.LAD-NRO/GN/2013-14/26/6667 DATED 03/10/2013 IN MATTER OF VIKAS PROPPANT & GRANITE LTD.  IMPOSED PENALTY RS.1,00,000

20-MAR-2024
 
17  20-MAR-2024
History of entity/person BIONEXT PHARMA PVT.LTD. 

(CIN:U24232MH2004PTC148628)
  NCLT  DEFAULTED IN MAKING PAYMENT OF DUES  APPLICATION ADMITTED- RS.46,81,963

20-MAR-2024
 
18  20-MAR-2024 History of entity/person  GIRISH KANSAL  

(PAN:AXKPK8061C)
  SEBI  DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF VIKAS PROPPANT & GRANITE LTD.

AIDED AND ABETTED PROMOTERS AND DIRECTORS IN DEPLOYING FRAUDULENT SCHEME/DEVICE TO ALLOW TO DISPOSE-OFF THEIR LARGE QUANTITY OF SHARES OF VIKAS PROPPANT & GRANITE LTD. THROUGH THEIR RELATED/ASSOCIATED ENTITIES 
IMPOSED PENALTY RS.6,00,000

20-MAR-2024
 
19  20-MAR-2024
History of entity/person IDEAL STOCK BROKING PVT.LTD. 
  BSE  RESIGNED AND/OR SURRENDERED MEMBERSHIP CARD TO STOCK EXCHANGE  CANCELLED STOCK BROKER MEMBERSHIP

20-MAR-2024
BSE VIDE ITS NOTICE DATED 20/03/2024 INFORMED THAT THE SURRENDER OF MEMBERSHIP HAS BEEN APPROVED BY SEBI  
20  20-MAR-2024 History of entity/person  NIR SINGH SINDHU  

(PAN:BQXPS6562B)
  SEBI  DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF VIKAS PROPPANT & GRANITE LTD.

AIDED AND ABETTED PROMOTERS AND DIRECTORS IN DEPLOYING FRAUDULENT SCHEME/DEVICE TO ALLOW TO DISPOSE-OFF THEIR LARGE QUANTITY OF SHARES OF VIKAS PROPPANT & GRANITE LTD. THROUGH THEIR RELATED/ASSOCIATED ENTITIES 
IMPOSED PENALTY RS.6,00,000

20-MAR-2024
 
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