SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

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.

PERSONS: VIOLATED SEBI (RESEARCH ANALYST) REGULATIONS, 2014

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

SAKET GODBOLE

(PAN:AGIPG6916B)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SAMEER KALRA

(PAN:ANTPK0360R)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SAMEER PANDE

(PAN:AMAPP3518Q)

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NIFTYPRO TRADING RESEARCH

PAN:AMAPP3518Q

USED WORDS BEST AND ACCURATE ON ITS WEBSITE PROHIBITED AS PER SEBI CIRCULAR

DISPLAYED MISLEADING AND/OR DECEPTIVE TESTIMONIALS ON ITS WEBSITE

DID NOT MENTION ITS PAST PERFORMANCE ON ITS WEBSITE

MISLED CLIENTS BY MAKING ASSURED PROFIT COMMITMENT

MADE SPECIFIC CLAIMS OF EXPECTED RETURNS TO POTENTIAL CLIENTS

CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

14-MAY-2025

SAMIR ARVIND SHAH

(PAN:AYQPS8253F)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SANJAY GOYAL

(PAN:AIXPG7506J)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SANTOSH GAJANDER SINGH

(PAN:DAQPS5163B)

INDULGED IN SENDING BULK SMS WITH BUY RECOMMENDATIONS WITH ULTIMATE GOAL OF OFFLOADING SHAREHOLDING OF PROMOTERS/DIRECTORS IN MATTER OF SUPREME TEX MART LTD.

ACTED AS INVESTMENT ADVISOR OR RESEARCH ANALYST VIOLATING SECTION 12(1) OF SEBI ACT READ WITH REGULATION 3(1) OF SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 IN MATTER OF SUPREME TEX MART LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-NOV-2017 TO 31-OCT-2023

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 01-NOV-2017 TO 31-OCT-2023

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

DIRECTED TO CEASE & DESIST FROM DISSEMINATING NEWS OR MESSAGES IN ANY FORM RELATED TO SECURITIES MARKET, BY ANY MEANS WHATSOEVER

01-NOV-2017

SEBI VIDE ITS ORDER DATED 06/07/2022 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATING WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR SIX YEARS B) DURING THE PERIOD OF RESTRAINT EXISTING HOLDING, INCLUDING UNITS OF MUTUAL FUNDS TO REMAIN FROZEN

SAUMYA KALA

(PAN:CDXPK7038J)

CYPRESS MONEY INVESTMENT ADVISER

PAN:AAKFC7589G

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

ACTED AS RESEARCH ANALYST WITHOUT SEBI REGISTRATION

DIRECTED TO CEASE & DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR RESEARCH ANALYST AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 03-MAY-2018 TO 02-MAY-2021

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 03-MAY-2018 TO 02-MAY-2021

DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 03-MAY-2018 TO 02-MAY-2021

DIRECTED TO REFUND MONEY COLLECTED AS FEES, CHARGES OR COMMISSIONS

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

DIRECTED TO FILE CERTIFICATE OF COMPLETION OF PROCESS WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 03-MAY-2018 TO 02-MAY-2021

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-MAY-2018 TO 02-MAY-2021

RESTRAINED FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC FROM 03-MAY-2018 TO 02-MAY-2021

01-JUN-2017

SEBI VIDE ITS ORDER DATED 03/05/2018 DIRECTED TO A) REFUND THE MONEY RECEIVED FROM ITS CLIENTS AS FEES/PROFIT SHARING/COMPENSATION IN ANY OTHER FORM, IN RESPECT OF ITS UNREGISTERED INVESTMENT ADVISORY ACTIVITIES AND UNREGISTERED RESEARCH ANALYST ACTIVITIES B) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES (ONE ENGLISH AND ONE HINDI) AND IN ONE LOCAL DAILY WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND C) REPAYMENTS TO THE CLIENTS SHALL BE EFFECTED ONLY THROUGH BANK DEMAND DRAFT OR PAY ORDER D) PREVENTED FROM SELLING THEIR ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES IN DEMAT AND PHYSICAL FORM EXCEPT FOR THE SOLE PURPOSE OF MAKING THE REFUNDS E) SUBMIT A CERTIFICATE FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION, WITHIN A PERIOD OF 3 MONTHS FROM THE DATE OF THIS ORDER F) NOT TO, DIRECTLY OR INDIRECTLY, ACCESS SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN WHATSOEVER ANY MANNER FOR A PERIOD OF THREE YEARS FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS G) RESTRAINED FROM ASSOCIATING THEMSELVES WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, OR ANY INTERMEDIARY REGISTERED WITH SEBI FOR A PERIOD OF THREE YEARS FROM THE DATE OF COMPLETION OF REFUNDS TO INVESTORS H) NOT TO UNDERTAKE, EITHER DIRECTLY OR INDIRECTLY, INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI AFTER EXPIRY OF PERIOD OF DEBARMENT

SEBI VIDE ITS NOTICE DATED 12/02/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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

SAURABH SHUKLA

(PAN:BAZPS8398M)

MIR UNISERV

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

SEEMA JAIN

(PAN:ADAPJ7255R)

CONCEPTS,M/S

PAN:ADAPJ7255R

STOCKPRO

DID NOT HOLD CERTIFICATE REQUIRED FOR RESEARCH ANALYST

DID NOT CARRY OUT ANNUAL AUDIT FROM A MEMBER OF INSTITUTE ICAI AND ICSI

DID NOT MAINTAIN RECORDS OF RESEARCH RECOMMENDATIONS

DID NOT MAINTAIN RECORD OF PUBLIC APPEARANCES

DID NOT MAINTAIN RATIONALES OF ALL THE RECOMMENDATIONS AND DID NOT CAPTURE SUPPORTING DATA IN RATIONALE

DID NOT MAINTAIN RATIONALES OF ALL THE RECOMMENDATIONS

TRADED DURING RESTRICTED/PROHIBITED PERIOD

GAVE RECOMMENDATIONS WITHOUT ANY ADEQUATE DOCUMENTARY BASIS AND FAILED TO COMPLY WITH IN RESPECT OF CONTENTS OF RESEARCH REPORT

OBTAINED REGISTRATION FROM SEBI ON THE BASIS OF FALSE INFORMATION

DELAY IN REGISTRATION FOR SEBI COMPLAINTS REDRESSAL SYSTEM (SCORES)

DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME

DID NOT MAKE DISCLOSURE OF DATA OF INVESTOR COMPLAINTS AND THE DETAILS ABOUT ITS REDRESSAL ON WEBSITE

IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS

23-MAY-2025

SHREY BHANDARI

(PAN:AUNPB8993Q)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SIDDHARTH SRIVASTAVA

(PAN:DFWPS8320P)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST

CANCELLED REGISTRATION AS RESEARCH ANALYST

27-MAR-2025

SIDDHARTHA CHATTERJEE

(PAN:ACSPC7031M)

TRADED DURING PROHIBITED PERIOD AND CONTRARY TO OWN RECOMMENDATIONS

IMPOSED PENALTY RS.1,00,000

23-JUN-2022

SONIA

(PAN:GLRPS9345L)

DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST