| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
FINSHORE MANAGEMENT SERVICES LTD.
(PAN:AABCF8557F)
|
|
|
DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING REGULATIONS 16(4) AND 27(5) OF SAST REGULATIONS, 2011
DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING CLAUSES 6 AND 7 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING CLAUSES 4 AND 6 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING REGULATION 245(3) READ WITH SCHEDULE VI OF SEBI (ICDR) REGULATIONS, 2018
DID NOT UPLOAD INVESTOR CHARTER ON ITS WEBSITE
DID NOT CREATE AND UTILISE DEDICATED EMAIL ID FOR INVESTOR GRIEVANCES
USED PERSON-CENTRIC EMAIL IDS INSTEAD OF GENERAL EMAIL IDS FOR REGULATORY COMMUNICATIONS
DID NOT MAINTAIN LIST OF DESIGNATED PERSONS, STRUCTURED DIGITAL DATABASE AND DEFICIENCIES IN THE INTERNAL CONTROLS PUT IN PLACE BY MERCHANT BANKER VIOLATING REGULATIONS 3, 9, 9A AND SCHEDULE C OF SEBI (PIT) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF INFORMATION IN REPLY TO PIQ WITH RESPECT TO ADMINISTRATIVE WARNINGS AND DEFICIENCY LETTERS PREVIOUSLY ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,000
30-MAY-2024
|
|
| 22 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT MAKE DISCLOSURE OF FINANCIALS AND LITIGATIONS OF SVC RESOURCES LTD. AND SANTOWIN CORP.LTD. IN FINAL PROSPECTUS OF POWERHOUSE FITNESS & REALTY LTD. VIOLATING PROVISIONS OF REGULATION 57(2) READ WITH CLAUSE 2(X)(A) AND 2(IX) OF PART A OF SCHEDULE VIII AND REGULATION 64 OF SEBI ICDR REGULATIONS, 2009
DID NOT MAKE DISCLOSURE OF ISSUING SECURITIES AT PRICE LOWER THAN ISSUING PRICE IN IPO OF POWERHOUSE FITNESS & REALTY LTD. VIOLATING PROVISIONS OF REGULATION 57(2) READ WITH CLAUSE 2(VI) (D) 2(F) OF PART A OF SCHEDULE VIII AND REGULATION 64 (1) OF SEBI ICDR REGULATIONS, 2009
DID NOT ENSURE THAT ADEQUATE DISCLOSURES WERE MADE IN TIMELY MANNER VIOLATING REGULATION 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF POWERHOUSE FITNESS & REALTY LTD.
DID NOT EXERCISE DUE DILIGENCE VIOLATING REGULATION 106 O(2) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSES 1, 4, 6, 7 AND 21 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF POWERHOUSE FITNESS & REALTY LTD.
|
IMPOSED PENALTY RS.5,00,000
24-DEC-2019
|
SAT: SAT VIDE ITS ORDER DATED 08/09/2021 DISMISSED THE APPEAL FOR WANT FOR PROSECUTION
SEBI VIDE ITS NOTICE DATED 24/07/2023 DIRECTED TO PAY RS.7,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 23 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT SUBMIT HALF YEARLY REPORTS VIOLATING SEBI CIRCULAR CIR/MIRSD/6/2012 DATED 14/05/2012 AND SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD1/CIR/P/2017/38 DATED 02/05/2017
DID NOT UNDERTAKE INDEPENDENT DUE DILIGENCE WITH REGARD TO VERIFICATION OF BACKGROUND OF DIRECTORS AND PROMOTERS AS TO WHETHER ANY OF THEM ARE WILLFUL DEFAULTERS, FUGITIVE ECONOMIC OFFENDERS OR DEBARRED BY SEBI AND VERIFICATION OF PHYSICAL EXISTENCE OF ISSUER COMPANY/ SITE FOR THREE COMPANIES, BASED ON DOCUMENTS AVAILABLE ON RECORD VIOLATING REGULATION 245(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT UNDERTAKE INDEPENDENT DUE DILIGENCE WITH REGARD TO VERIFICATION OF BACKGROUND OF DIRECTORS AND PROMOTERS AS TO WHETHER ANY OF THEM ARE WILLFUL DEFAULTERS, FUGITIVE ECONOMIC OFFENDERS OR DEBARRED BY SEBI AND VERIFICATION OF PHYSICAL EXISTENCE OF ISSUER COMPANY/ SITE FOR THREE COMPANIES, BASED ON DOCUMENTS AVAILABLE ON RECORD VIOLATING CLAUSE 4 OF SCHEDULE III (CODE OF CONDUCT) READ WITH REGULATIONS 13 AND 14(1)(E) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
PRESENTED WRONG INDIVIDUAL AS THE COMPLIANCE OFFICER DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSE 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
MISREPRESENTED STATUS OF APPEAL NO.583/2020 BEFORE HON’BLE SAT AND OMITTED TO MENTION THE ADMINISTRATIVE WARNING ISSUED TO IN 2017 DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSES 20 AND 22 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS 1992
DID NOT DISCLOSE HANDLING OF OPEN OFFER OF ELITECON INTERNATIONAL LTD. IN FY 2021-22 DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSE 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT SUBMIT QUARTERLY REPORTS TO SEBI VIOLATING REGULATION 27 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
27-FEB-2025
|
|
| 24 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
SUBMITTED WRONG DISCLOSURE OF SHAREHOLDING PATTERN TO STOCK EXCHANGE REGARDING PLEDGED OR OTHERWISE ENCUMBERED IN DRAFT LETTER OF OFFER
SUBMITTED WRONG INFORMATION WITH RESPECT TO OFFICES, BRANCHES AND SUB-OFFICES OF COMPANY IN DRAFT LETTER OF OFFER
SUBMITTED WRONG INFORMATION WITH RESPECT TO COUNTRY-WISE PRODUCT-WISE EXPORTS FOR F.Y.2020-21 AND 2021-22 IN DRAFT LETTER OF OFFER
SUBMITTED WRONG FINANCIAL DETAILS WITH RESPECT TO WORKING CAPITAL REQUIREMENT FORMING OBJECT OF ISSUE IN DRAFT LETTER OF OFFER
|
IMPOSED PENALTY RS.3,00,000
21-FEB-2024
|
SEBI VIDE ITS NOTICE DATED 07/05/2024 DIRECTED TO PAY RS.3,13,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 30/05/2024 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
|
| 25 |
|
|
FORTRESS CAPITAL MANAGEMENT SERVICES PVT.LTD.
(PAN:AAACF7994B)
|
|
|
MADE INCORRECT DISCLOSURES IN LETTER OF OFFER VIOLATING CLAUSES 4, 7 AND 20 OF CODE OF CONDUCT IN SCHEDULE III READ WITH REGULATION 13 OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF COROMANDEL ENGINEERING CO.LTD.
|
IMPOSED PENALTY RS.1,00,000
27-SEP-2024
|
|
| 26 |
|
|
GUINESS CORPORATE ADVISORS PVT.LTD.
(PAN:AAHCS5232N)
|
|
|
DID NOT EXERCISE DUE DILIGENCE WITH RESPECT TO DISCLOSURES MADE IN PROSPECTUS OF ECO FRIENDLY FOOD PROCESSING PARK LTD., ESTEEM BIO ORGANIC FOOD PROCESSING LTD., CHANNEL NINE ENTERTAINMENT LTD. AND HPC BIOSCIENCES LTD.VIOLATING CLAUSES 1,3,4, 6 AND 7 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT EXERCISE DUE DILIGENCE WITH RESPECT TO DISCLOSURES MADE IN PROSPECTUS OF ECO FRIENDLY FOOD PROCESSING PARK LTD., ESTEEM BIO ORGANIC FOOD PROCESSING LTD., CHANNEL NINE ENTERTAINMENT LTD. AND HPC BIOSCIENCES LTD.VIOLATING REGULATION 64(1) OF SEBI ICDR REGULATIONS, 2009
|
IMPOSED PENALTY RS.5,00,000
04-DEC-2019
|
|
| 27 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 28 |
|
|
IDBI CAPITAL MARKET SERVICES LTD.
(PAN:AAACI1268F)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 29 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
DID NOT PRODUCE SEPARATE LEGAL CERTIFICATE FOR SME IPO OF AANCHAL ISPAT LTD. DURING INSPECTION VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT PROVIDE WEBPAGE/WEBLINK OF ITS TRACK RECORD OF PUBLIC ISSUES MANAGED DURING TIME OF IPOS OR EVEN DURING TIME OF INSPECTION VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT SUBMIT HALF YEARLY PERIODIC REPORTS FOR HALF YEAR ENDING SEPTEMBER 2015 AND MARCH 2015 VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT EXERCISE DUE DILIGENCE WHILE DISCLOSING OUTSTANDING LOAN LIABILITY OF GROUP COMPANY IN PROSPECTUS OF AANCHAL ISPAT LTD. VIOLATING REGULATION 28(2) AND CLAUSES 4, 6 AND 20 OF CODE OF CONDUCT PRESCRIBED UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
28-JAN-2020
|
|
| 30 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
DID NOT ENSURE PROPER DUE DILIGENCE REGARDING ESTIMATION OF WORKING CAPITAL REQUIREMENT IN SME – IPO
DID NOT CONDUCT DUE DILIGENCE, ENSURE PROPER CARE AND EXERCISE AS INDEPENDENT PROFESSIONAL JUDGEMEN
DELAY IN SUBMISSION OF HALF-YEARLY REPORT WITHIN STIPULATED TIME
DID NOT UPDATE TRACK RECORD ON THE WEBSITE AND IN TURN FALSELY SUBMITTED TO SEBI ABOUT SUBMISSION OF THE SAME
|
IMPOSED PENALTY RS.7,00,000
07-NOV-2023
|
|
| 31 |
|
|
J.M.FINANCIAL & INVESTMENTS CONSULTANCY SERVICES LTD.
|
|
|
DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997
|
IMPOSED PENALTY RS.1,80,000
20-OCT-2000
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.1,00,000 FROM RS.1,80,000.APPEAL DISPOSED OFF
|
| 32 |
|
|
KARN MERCHANT BANKERS LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE RESULTED IN WRONG OR NON DISCLOSURE OF ACCURATE SHAREHOLDING VIOLATING REGULATION 13 OF MERCHANT BANKERS REGULATIONS READ WITH CLAUSES 4, 7, 10 AND 20 OF CODE OF CONDUCT OF MERCHANT BANKERS REGULATIONS, 1992
DID NOT SUBMIT BASIS LITIGATION DOCUMENTS AND OTHER SUPPORTING DOCUMENTS SEEKING CLARIFICATION/EXPLANATION FROM ISSUER VIOLATING REGULATION 14(1) (E) OF MERCHANT BANKERS REGULATIONS, 1992
DID NOT EXERCISE DUE DILIGENCE RESULTED IN WRONG OR NON DISCLOSURE OF ACCURATE SHAREHOLDING VIOLATING REGULATION 64(1) OF MERCHANT BANKERS REGULATIONS, 1992
|
IMPOSED PENALTY RS.25,00,000
29-DEC-2017
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 33 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT ISSUE CORRIGENDUM FOR RECTIFYING ALL ERRORS IN OFFER DOCUMENT OF PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DELAY IN SUBMISSION OF CORRIGENDUM TO THE OFFER DOCUMENT TO STOCK EXCHANGE IN PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING OF CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-JUL-2023
|
|
| 34 |
|
|
KEYNOTE CORPORATE SERVICES LTD.
(PAN:AAACK3234D)
|
|
|
DID NOT EXERCISE DUE DILIGENCE WHILE ACTING AS BRLM IN IPO OF EDSERV SOFTSYSTEMS LTD.VIOLATING CLAUSES 5.1 (5.1.1 AND 5.1.2), 5.3.3.2 (II) UNDER CHAPTER V OF SEBI (DIP) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000 READ WITH REGULATION 111 OF SEBI (ICDR) REGULATIONS, 2009
|
IMPOSED PENALTY RS.10,00,000
31-JAN-2012
|
SAT: APPEAL DISMISSED. NO COSTS
|
| 35 |
|
|
KHANDWALA SECURITIES LTD.
(PAN:AAACK2214P)
|
|
|
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS VIOLATING REGULATION 28(V) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF PUBLIC ISSUE OF SAKUMA EXPORTS LTD.
|
IMPOSED PENALTY RS.2,00,000
09-AUG-2010
|
|
| 36 |
|
|
KOTAK MAHINDRA CAPITAL CO.LTD.
(PAN:AAACK5577D)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 37 |
|
|
SAFFRON CAPITAL ADVISORS PVT.LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE WHILE ENSURING VERACITY AND ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS IN RESPECT TO UTILIZATION OF BRIDGE LOAN OF RS.20 CRORES FROM UNION BANK OF INDIA VIOLATING 60(7)(A) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF IPO OF ACROPETAL TECHNOLOGIES LTD.
DID NOT EXERCISE DUE DILIGENCE WHILE ENSURING VERACITY AND ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS IN RESPECT TO UTILIZATION OF BRIDGE LOAN OF RS.20 CRORES FROM UNION BANK OF INDIA VIOLATING CLAUSES 1 TO 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN UNDER SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF IPO OF ACROPETAL TECHNOLOGIES LTD.
|
IMPOSED PENALTY RS.5,00,000
18-DEC-2020
|
SAT: SAT VIDE ITS ORDER DATED 12/03/2021 CONDONED THE DELAY OF 15 DAYS IN FILING OF APPEAL AND ALLOWED THE APPLICATION. DIRECTED RESPONDENT THREE WEEKS TIME TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. MATTER TO BE LISTED FOR ADMISSION AND FINAL DISPOSAL ON 03/05/2021
|
| 38 |
|
|
SARTHI CAPITAL ADVISORS PVT.LTD.
(PAN:AARCS6417P)
|
|
|
DID NOT MAKE DISCLOSURE OF DEVIATION IN UTILIZATION OF FUNDS BY VIVO COLLABORATION SOLUTIONS LTD.
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
|
IMPOSED PENALTY RS.15,00,000
22-MAR-2024
|
|
| 39 |
|
|
SB CAPITAL CONSULTANTS PVT.LTD.
|
|
|
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR CHANGE IN CONTROL IN TERMS OF PROVISIONS OF REGULATION 9A(1) (A) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992, CLAUSE 3 OF CODE OF CONDUCT AS SPECIFIED UNDER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR CIR/MIRSD/14/2011 DATED 02/08/2011
|
IMPOSED PENALTY RS.1,00,000
29-SEP-2016
|
|
| 40 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 2 of 3
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