| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AXEL POLYMERS LTD.
|
|
|
|
J.R.DESAI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF AXEL POLYMERS LTD.
DEALT WITH UN-REGISTERED SUB-BROKERS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-DEC-2009 TO 14-DEC-2010
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-DEC-2009 TO 14-DEC-2010
15-DEC-2009
|
|
| 2 |
|
|
BHORUKA ENGINEERING INDUSTRIES LTD.
(Along with : BHORUKA FINANCIAL SERVICES LTD.)
|
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
INITIATED ADJUDICATION PROCEEDINGS FOR NON COMPLIANCE OF INTERIM ORDER DATED 19/08/2005
HON''BLE SUPREME COURT OF INDIA IN ITS ORDER DATED 15/12/2008 VACATED ALL INTERIM ORDERS PASSED BY SEBI, HENCE PROCEEDINGS BECOME INFRUCTUOUS AND DISPOSED OFF, VIDE ORDER DATED 24/12/2008
|
| 3 |
|
|
BHORUKA FINANCIAL SERVICES LTD.
(Along with : BHORUKA ENGINEERING INDUSTRIES LTD.)
|
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
|
| 4 |
|
|
BHORUKA FINANCIAL SERVICES LTD.
(Along with : PRABHU SECURITIES LTD.)
|
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
|
| 5 |
|
|
BHORUKA FINANCIAL SERVICES LTD.
(Along with : SATYANARAYAN VIVEK KUMAR (HUF))
|
|
|
|
SATYANARAYAN AGARWAL
|
|
|
SIDDHARTHA AGARWAL
|
|
|
UMAH AGARWAL
|
|
|
VIVEEK AGARWAL
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
|
| 6 |
|
|
CHITRAKUT COMPUTERS PVT.LTD.
|
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 7 |
|
|
CLASSIC CREDIT LTD.
|
|
|
|
KARTIK KIRTIKUMAR PAREKH
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 8 |
|
|
CLASSIC INFIN LTD.
|
|
|
|
KARTIK KIRTIKUMAR PAREKH
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 9 |
|
|
LUMINANT INVESTMENTS PVT.LTD.
|
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 10 |
|
|
MUKESH M.CHOKSI & CO.
|
|
|
|
MUKESH CHOKSI
|
|
ENTERED INTO CERTAIN FICTITIOUS TRANSACTIONS IN SHARES OF RASHEL AGROTECH LTD. WITH NEMIRAJ BALLSON
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-JUL-2004 TO 20-OCT-2004
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-JUL-2004 TO 20-OCT-2004
21-JUL-2004
|
|
| 11 |
|
|
PANTHER INVESTRADE LTD.
|
|
|
|
KARTIK KIRTIKUMAR PAREKH
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 12 |
|
|
PINNACLE MARKET INVESTMENT ADVISORY PVT.LTD.
(PAN:AAICP3799C)
|
|
|
|
ABHISHEK PATEL
(PAN:BJZPP1953J)
|
|
|
PARUL SAHU
(PAN:CTSPS2698F)
|
|
|
SHEKHAR MISHRA
(PAN:BSFPM5761E)
|
|
DELAY IN FURNISHING DETAILS OF APPOINTMENT OF NEW DIRECTOR
MISREPRESENTED RISK PROFILE OF CLIENTS
DID NOT FAIR AND TRANSPARENT IN DEALING WITH CLIENTS REGARDING FEE CHARGED
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT ADHERE TO SEBI DIRECTIONS WITH RESPECT TO INSPECTION OF BOOKS OF ACCOUNTS/RECORDS AND OTHER DOCUMENT PERTAINING TO REGISTRATION
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 25-JAN-2023 TO 24-JAN-2026
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-JAN-2023 TO 24-JAN-2026
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2023 TO 24-JAN-2026
IMPOSED PENALTY RS.13,00,000
25-JAN-2023
|
SAT: SAT VIDE ITS ORDER DATED 12/04/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 13/06/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/09/2023 AFFIRMED PENALTY OF RS.6 LAC U/S 15EB, RS.1 LAC U/S 15HB AND RS.1 LAC U/S 15C AS PER ORDER DATED 25/01/2023.FURTHER, PENALTY OF RS.5 LACS IMPOSED U/S 15HA STRUCK DOWN. AFFIRMED DIRECTIONS GIVEN IN PARA 54.1 TO 54.5 OF ORDER DATED 25/01/2023
SEBI VIDE ITS NOTICE DATED 19/02/2025 DIRECTED TO PAY RS.3,79,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/03/2025 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 13 |
|
|
PRABHU SECURITIES LTD.
(Along with : BHORUKA FINANCIAL SERVICES LTD.)
|
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
INITIATED ADJUDICATION PROCEEDINGS FOR NON COMPLIANCE OF INTERIM ORDER DATED 19/08/2005
HON''BLE COURT VIDE ORDER DATED 15/12/2008 VACATED ALL INTERIM ORDERS PASSED BY SEBI, HENCE ADJUDICATION PROCEEDINGS AGAINST THE NOTICEE BECOME INFRUCTUOUS, DISPOSED OFF ACCORDINGLY
|
| 14 |
|
|
PRAGYA ENTERPRISES
|
|
|
|
SATYANARAYAN AGARWAL
|
|
|
UMAH AGARWAL
|
|
|
VIVEEK AGARWAL
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
24-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
INITIATED ADJUDICATION PROCEEDINGS FOR NON COMPLIANCE OF INTERIM ORDER DATED 19/08/2005
HON''BLE COURT VIDE ORDER DATED 15/12/2008 VACATED ALL INTERIM ORDERS PASSED BY SEBI, HENCE ADJUDICATION PROCEEDINGS AGAINST THE NOTICEE BECOME INFRUCTUOUS, DISPOSED OFF ACCORDINGLY
|
| 15 |
|
|
SAIMANGAL INVESTRADE LTD.
|
|
|
|
KARTIK KIRTIKUMAR PAREKH
|
|
|
KETAN VINAYCHANDRA PAREKH
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF HFCL, ZEE, ADANI, GTL, RANBAXY, SAB TV, SHONKH, PADMINI (FORMERLY PADMINI POLYMERS LTD.) AND AFTEK WITH KP ENTITIES
INDULGED IN MANIPULATIVE ACTIVITIES LIKE SYNCHRONIZED TRADING
FINANCED TRANSACTIONS TO GIVE SEMBLANCE OF PURCHASE AND SALE OF SHARES AT THE EXCHANGES
INDULGED IN CIRCULAR TRADING
CREATED ARTIFICIAL MARKET
BENCHMARKED PRICES OF CERTAIN SCRIPS BY EXECUTING NON-GENUINE TRANSACTIONS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-DEC-2003 TO 11-DEC-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-DEC-2003 TO 11-DEC-2017
12-DEC-2003
|
|
| 16 |
|
|
SATYANARAYAN VIVEK KUMAR (HUF)
(Along with : BHORUKA FINANCIAL SERVICES LTD.)
|
|
|
TRANSACTED AT A RATE HIGHER THAN BOOK VALUE
|
DIRECTED TO DEPOSIT PROCEEDS OF TRANSACTION IN AN ESCROW ACCOUNT
DIRECTED TO TAKE PRIOR APPROVAL OF SEBI FOR DEALING WITH ESCROW ACCOUNT
19-AUG-2005
|
SAT: DIRECTED TO DEPOSIT AMOUNT LEFT WITH SELLERS IN ESCROW ACCOUNT TILL SEBI PASSES FINAL ORDER AND DIRECTED SEBI NOT TO COMMENCE ANY ADJUDICATION PROCEEDINGS
INITIATED ADJUDICATION PROCEEDINGS FOR NON COMPLIANCE OF INTERIM ORDER DATED 19/08/2005
HON''BLE COURT VIDE ORDER DATED 15/12/2008 VACATED ALL INTERIM ORDERS PASSED BY SEBI, HENCE ADJUDICATION PROCEEDINGS AGAINST THE NOTICEE BECOME INFRUCTUOUS, DISPOSED OFF ACCORDINGLY
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
