| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
INGOVERN RESEARCH SERVICES PVT.LTD.
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
28-JUL-2026
|
|
| 42 |
|
|
INVESTOPHER RESEARCH SERVICES PVT.LTD.
(PAN:AAGCI0072B)
|
|
|
DID NOT INFORM SEBI OF MATERIAL CHANGES IN INFORMATION ALREADY SUBMITTED AT THE TIME OF REGISTRATION
DID NOT USE TERM “RESEARCH ANALYST” IN COMMUNICATIONS
TRIED TO LURE INVESTORS WITHOUT GIVING TRUE PICTURE OF BUSINESS
DID NOT MAKE DISCLOSURE OF TECHNICAL ANALYSIS IN RESEARCH RECOMMENDATION SENT THROUGH SMS TO CLIENTS
DID NOT DEFINE TERMS USED IN RESEARCH RECOMMENDATION SENT THROUGH SMS TO CLIENTS
DID NOT KEEP DULY SIGNED AND DATED RESEARCH REPORTS
|
IMPOSED PENALTY RS.7,00,000
22-MAR-2024
|
|
| 43 |
|
|
INVESTOPHER RESEARCH SERVICES PVT.LTD.
(PAN:AAGCI0072B)
|
|
|
MADE MISLEADING CLAIMS ON ITS WEBSITE
DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN INFORMATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-JUL-2025
|
|
| 44 |
|
|
JAINAM WEALTH
(PAN:AALFJ2037K)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 45 |
|
|
JHAVERI SECURITIES LTD.
(PAN:AAACJ4727A)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 20-AUG-2026
20-AUG-2026
|
|
| 46 |
|
|
JINANAND RESEARCH ANALYST
(PAN:ACKPJ2512J)
|
|
|
|
RAJESH JAIN
PAN:ACKPJ2512J
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
09-JUL-2026
|
|
| 47 |
|
|
JOINDRE CAPITAL SERVICES LTD.
(PAN:AAACJ1480E)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 48 |
|
|
KARADOCT FINSERVE
(PAN:AHZPD8452F)
|
|
|
|
KALPESH DESAI
PAN:AHZPD8452F
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 49 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 20-AUG-2026
20-AUG-2026
|
|
| 50 |
|
|
KM FINANCIALS
(PAN:AROPR5161Q)
|
|
|
|
RAJESH RANJAN
PAN:AROPR5161Q
|
|
ACTED AS RESEARCH ANALYST WITHOUT SEBI REGISTRATION
|
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
PROHIBITED FROM TAKING NEW CLIENTS AS RESEARCH ANALYST FROM 22-APR-2022 TILL THE COMPLETION OF REFUNDS TO COMPLAINANTS/CLIENTS
WARNED & CAUTIONS TO EXERCISE DUE CARE & DILIGENCE, IN FUTURE CONDUCT AS RESEARCH ANALYST
22-APR-2022
|
SAT: SAT VIDE ITS ORDER DATED 06/02/2023 ALLOWED THE APPEAL AND MATTER REMITTED TO WTM TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 26/04/2024 DIRECTED THAT THE DIRECTIONS ISSUED VIDE ORDER DATED 22/04/2022 WILL REMAIN IN FORCE TILL COMPLETION OF COMPLIANCE OF REFUND TO CLIENTS/INVESTORS
|
| 51 |
|
|
KYABOLTAMARKET.COM
(PAN:AGMPR6462M)
|
|
|
|
GAURAV SHARAD RANADE
PAN:AGMPR6462M
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 52 |
|
|
LAKSHMISHREE INVESTMENT & SECURITIES PVT.LTD.
(PAN:AABCL1546Q)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
21-JUL-2026
|
|
| 53 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 54 |
|
|
MARKET FUTURE INDIA
(PAN:ADAPP8726D)
|
|
|
|
PRAFUL NATH PUROHIT
PAN:ADAPP8726D
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
09-JUL-2026
|
|
| 55 |
|
|
MARKET MASTERS
(PAN:ABGFM3390N)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 56 |
|
|
MIR UNISERV
(PAN:BAZPS8398M)
|
|
|
|
SAURABH SHUKLA
PAN:BAZPS8398M
|
|
DID NOT DO KNOW YOUR CUSTOMER AND DID NOT ADOPT& FOLLOWED PMLA AND CLIENT DUE DILIGENCE POLICIES
DID NOT OBTAIN SCORES ID WITHIN ONE MONTH OF THE GRANT OF REGISTRATION
OUTSOURCED CORE FUNCTIONS I.E. CLIENT ONBOARDING, SERVICING AND KYC PROCESSES TO THIRD PARTIES
DISSEMINATED FALSE & MISLEADING INFORMATION AND MISREPRESENTED PUBLIC BY ASSURING RETURNS AND OFFERING ADVISORY SERVICES
DID NOT PROVIDE RELEVANT INFORMATION, BOOKS, ACCOUNTS AND OTHER DOCUMENTS PERTAINING TO ITS CONDUCT AND AFFAIRS AS A RESEARCH ANALYST
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-NOV-2024
|
SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED TWO WEEKS THEREAFTER. STAYED RECOVERY PROCEEDING SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 20/08/2025 CONDONED THE DELAY IN FILING OF AFFIDAVIT. GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER AND INTERIM ORDER TO CONTINUE UNTIL FURTHER ORDERS
|
| 57 |
|
|
MODERN SHARES & STOCKBROKERS LTD.
(PAN:AAACM3041N)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 58 |
|
|
MOILY PATIL FINSERV
(PAN:ABJFM2149Q)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 59 |
|
|
MONEY BELLS GLOBAL RESEARCH SERVICES PVT.LTD.
(PAN:AAPCM2093R)
|
|
|
MADE MULTIPLE FALSE AND MISLEADING CLAIMS/ DISCLOSURES/ STATEMENTS RELATED TO HIGH RETURNS/ASSURED RETURNS
MISLED CLIENTS BY MAKING ASSURED PROFIT COMMITMENT
DID NOT MAINTAIN REQUISITE NET WORTH DURING INSPECTION PERIOD
DID NOT MAINTAIN RESEARCH RATIONALE FOR RECOMMENDATIONS MADE WHICH WERE NOT EXECUTED
DID NOT FORMALLY APPOINT MR.ISHAN KHANDELWAL DESPITE HANDLING IMPORTANT RESPONSIBILITIES
|
IMPOSED PENALTY RS.7,00,000
28-MAR-2025
|
|
| 60 |
|
|
MONEYLICIOUS CAPITAL & ADVISORY SERVICES PVT.LTD.
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 20-AUG-2026
20-AUG-2026
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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