| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
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
|
|
| 42 |
|
|
HOFFLAND FINANCE LTD.
(Member : BGSE/JSE)
|
|
|
|
A.SUBBA RAO
|
|
|
BRIJ BHUSHAN SHARMA
|
|
|
BRIJ KISHORE KAPUR
|
|
|
JAGDISH NARAYAN
|
|
|
M.N.PADAM
|
|
|
NAVEEN CHANDRA PANDEY
|
|
|
NAVIN PANDEY
|
|
|
PRAMODH KAPUR
|
|
|
SURAJ PAL SHARMA
|
|
VIOLATED SECTION 26 OF SEBI ACT, 1992
VIOLATED SEBI ACT, 1992
VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM.
DURING THE TRIAL A21 (SHRI ASHOK KUMAR KOHLI) HAD EXPIRED, THEREFORE, PROCEEDINGS QUA HIM WAS ABATED. ACCUSED NO.20 (M/S EVERGROW FINANCIAL SERVICES PVT.LTD.) AND A22 ( SHRI PRADEEP SHARMA) FACED THE TRIAL AND THEY REMAINING ACCUSED WERE DECLARED POS. THE CAPTIONED MATTER WAS POSTED BEFORE THE LD. COURT ON JULY 30, 2012 FOR PRONOUNCEME NT OF JUDGMENT. AFTER RECORDING ITS REASONS THE COURT HELD THAT SEBI COULD NOT PROVE ITS CASE AGAINST A20 AND A22 BEYOND THE SHADOW OF ALL REASONABLE DOUBTS, AND THEREBY ACQUITTED A20 AND A22
|
| 43 |
|
|
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.”
|
| 44 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
|
|
|
ALLEGED SUBMISSION OF QUESTIONABLE SITE VISIT REPORTS
ALLEGED FAILURE TO UNDERTAKE DUE DILIGENCE TO ENSURE THAT OBJECT OF THE ISSUE WAS SUPPORTED BY DOCUMENTARY EVIDENCE
ALLEGED INDULGENCE OF CONTRADICTORY STATEMENT IN DRHP AND NEWS ARTICLE WITH RESPECT TO ONE OF THE OBJECTS OF THE ISSUE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.69,82,500 VIDE CONSENT ORDER)
20-AUG-2024
|
|
| 45 |
|
|
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.”
|
| 46 |
|
|
INTER CORPORATE FINANCIERS & CONSULTANTS LTD.
|
|
|
DID NOT PAY ANNUAL REGISTRATION FEES VIOLATING REGULATIONS 9A AND 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-MAR-2020
31-MAR-2020
|
|
| 47 |
|
|
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
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
|
|
| 48 |
|
|
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
|
|
| 49 |
|
|
JAWA CAPITAL SERVICES PVT.LTD.
(PAN:AABCI4476N)
|
|
|
DID NOT EXERCISE DUE DILIGENCE, ENSURE PROPER CARE AND EXERCISE INDEPENDENT PROFESSIONAL JUDGEMENT IN RESPECT OF PUBLIC COMMUNICATION AS MANAGEMENT VIOLATING REGULATION 263 READ WITH CLAUSE 1 OF SCHEDULE IX OF SEBI (ICDR) REGULATIONS, 2018 AND REGULATION 13 READ WITH CLAUSES 1, 3, 4 AND 7 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF PUBLIC ISSUE OF ACCRETION PHARMACEUTICALS LTD.
|
IMPOSED PENALTY RS.1,00,000
07-JAN-2026
|
|
| 50 |
|
|
JM FINANCIAL CONSULTANTS PVT.LTD.
|
|
|
ALLEGED FAILURE IN FOLLOWING CODE OF CONDUCT PRESCRIBED FOR MERCHANT BANKERS AS PER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN EXERCISING DUE DILIGENCE AND FURNISHING OF DUE DILIGENCE CERTIFICATE VIOLATING CLAUSES 5.1,5.3.3.1,11.3.5(V)(A) OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES 2000
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
25-AUG-2009
|
|
| 51 |
|
|
JM FINANCIAL LTD.
(PAN:AAACJ2590B)
|
|
|
LOANS EXTENDED DISPROPORTIONATE TO DECLARED INCOME
IN CERTAIN LOAN DOCUMENTS THERE WAS REFERENCE TO MASTER LOAN AGREEMENT WITH FUTURE DATES
LACKED OF RECEIPT OF UPFRONT MARGIN FROM CERTAIN APPLICANTS
1016 APPLICANTS WHO HAD AVAILED FUNDING FROM JMFPL-NBFC NOT ONLY SOLD THE SECURITIES BACK TO JMFPL-NBFC BUT ALSO TRANSFERRED ENTIRE AMOUNT INCLUDING PRINCIPAL AMOUNT, ACCRUED INTEREST AND TRADING GAINS TO JMFPL-NBFC
|
BARRED FROM TAKING ANY NEW MANDATE FOR ACTING AS LEAD MANAGER FOR ANY PUBLIC ISSUE OF DEBT SECURITIES FROM 07-MAR-2024 UNTIL FURTHER ORDERS
07-MAR-2024
|
SEBI VIDE ITS ORDER DATED 20/06/2024 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 07/03/2024 DIRECTING NOT TO ACT AS LEAD MANAGER IN ANY PUBLIC ISSUE OF DEBT SECURITIES TILL 31/03/2025 OR SUCH OTHER DATE AS MAY BE SPECIFIED BY SEBI
|
| 52 |
|
|
KARN MERCHANT BANKERS LTD.
(PAN:AACCK6859L)
|
|
|
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
SEBI VIDE ITS NOTICE DATED 21/07/2025 DIRECTED TO PAY RS.48,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 21/07/2025 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
|
| 53 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT HAVE NECESSARY INFRASTRUCTURE AND MANPOWER TO DISCHARGE ITS ACTIVITIES AS A MERCHANT BANKER VIOLATED REGULATION 6(AA) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
INVOLVED IN LITIGATION CONNECTED WITH SECURITIES MARKET VIOLATING REGULATION 6(E) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT PAY RENEWAL FEE FOR BLOCK DECEMBER, 2022 TO DECEMBER, 2025 AS PRESCRIBED UNDER REGULATION 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 27-APR-2023 UNTIL FURTHER ORDERS
27-APR-2023
|
|
| 54 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT HAVE NECESSARY INFRASTRUCTURE AND MANPOWER TO DISCHARGE ITS ACTIVITIES AS A MERCHANT BANKER VIOLATED REGULATION 6(AA) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT HAVE IN EMPLOYMENT TWO PERSONS WITH EXPERIENCE TO CONDUCT BUSINESS OF MERCHANT BANKER VIOLATING REGULATIONS 6(AA) AND 6(B) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
INVOLVED IN LITIGATION CONNECTED WITH SECURITIES MARKET VIOLATING REGULATION 6(E) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT PAY RENEWAL FEE FOR BLOCK DECEMBER, 2022 TO DECEMBER, 2025 AS PRESCRIBED UNDER REGULATION 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-MAR-2024
28-MAR-2024
|
|
| 55 |
|
|
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
|
|
| 56 |
|
|
KEYNOTE CORPORATE SERVICES LTD.
(PAN:AAACK3234D)
|
|
|
PARTICIPATED ACTIVELY IN THE SCHEME WITH INTENTION TO SECURE MINIMUM SUBSCRIPTION TO THE ISSUE WHICH OPERATED AS FRAUD UPON INVESTING PUBLIC VIOLATING REGULATION 3(B), (C), (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 READ WITH SECTION 12A (B) OF SEBI ACT, 1992 IN THE MATTER OF IPO OF EMMBI POLYARNS LTD.(NOW KNOWN AS EMMBI INDUSTRIES LTD.)
PARTICIPATED ACTIVELY IN THE SCHEME WITH INTENTION TO SECURE MINIMUM SUBSCRIPTION TO THE ISSUE WHICH OPERATED AS FRAUD UPON INVESTING PUBLIC VIOLATING CLAUSES 1, 2, 11, 12, 32(A) AND (B) OF CODE OF CONDUCT FOR MERCHANT BANEKRS SPECIFIED IN SCHEDULE III OF REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN THE MATTER OF IPO OF EMMBI POLYARNS LTD. (NOW KNOWN AS EMMBI INDUSTRIES LTD.)
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 27-APR-2016 TO 26-MAY-2016
06-APR-2016
|
|
| 57 |
|
|
KEYNOTE CORPORATE SERVICES LTD.
(PAN:AAACK3234D)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE, PROPER CARE AND INDEPENDENT PROFESSIONAL JUDGEMENT IN PUBLIC ISSUE OF CONSORTEX KARL DOELITZSCH (INDIA) LTD.VIOLATING CLAUSE 2 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
31-OCT-2012
|
|
| 58 |
|
|
KOTAK MAHINDRA CAPITAL CO.LTD.
(PAN:AAACK5577D)
|
|
|
ALLEGED FAILURE IN FOLLOWING CODE OF CONDUCT PRESCRIBED FOR MERCHANT BANKERS AS PER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN FURNISHING DUE DILIGENCE REPORT AND VIOLATED CLAUSES 5.1,5.3.3.1,6.9.2.1,11.3.6,7.3, 7.4.1,7.7.7,16.2.2.2.OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,50,000 VIDE CONSENT ORDER)
27-AUG-2009
|
|
| 59 |
|
|
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.”
|
| 60 |
|
|
KREO CAPITAL PVT.LTD.
(PAN:AAQCA7346A)
|
|
|
DID NOT REPORT LENDING ACTIVITY IN HALF YEARLY REPORTS SUBMITTED TO SEBI
DID NOT FURNISH CHANGE IN KEY MANAGERIAL PERSONNEL AND CONTINUE TO SHOW AN ADVISOR AS A KEY MANAGERIAL PERSONNEL TO SEBI VIOLATING REGULATION 9A(1)(F) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992 READ WITH PARA 1.1 AND 1.2 OF CHAPTER 1 OF MASTER CIRCULAR DATED 26/09/2023
|
IMPOSED PENALTY RS.2,00,000
28-NOV-2025
|
|
| 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 3 of 4
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