| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ACTION FINANCIAL SERVICES (INDIA) LTD.
(PAN:AAACA4423G)
|
|
|
|
MILAN RAMNIKLAL PAREKH
PAN:AACPP4073G
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF FAST TRACK ENTERTAINMENT LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF FAST TRACK ENTERTAINMENT LTD.
|
IMPOSED PENALTY RS.2,00,000
24-MAR-2009
SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000, LEGAL EXPENSES RS.40,000, INTEREST RS.18,329 VIDE CONSENT ORDER)
07-JAN-2010~
|
SAT: ORDER DATED 24/03/2009 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,00,000 TOWARDS SETTLEMENT CHARGES, RS.40,000 TOWARDS LEGAL CHARGES AND INTEREST THEREON @15% PER ANNUM, AS PER CONSENT ORDER
|
| 2 |
|
|
ALLIANCE CAPITAL ASSET MANAGEMENT (I) PVT.LTD.
|
|
|
|
SAMIR C.ARORA
|
|
GUILTY OF GRAVE PROFESSIONAL MISCONDUCT
INDULGED IN MARKET MANIPULATIONS
INDULGED IN INSIDER TRADING
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAR-2004 TO 30-MAR-2009
31-MAR-2004
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 3 |
|
|
ALLIANCE CAPITAL MANAGEMENT L.P.
|
|
|
|
SAMIR C.ARORA
|
|
GUILTY OF GRAVE PROFESSIONAL MISCONDUCT
INDULGED IN MARKET MANIPULATIONS
INDULGED IN INSIDER TRADING
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAR-2004 TO 30-MAR-2009
31-MAR-2004
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 4 |
|
|
ALLIANCE CAPITAL MUTUAL FUND
|
|
|
|
SAMIR C.ARORA
|
|
GUILTY OF GRAVE PROFESSIONAL MISCONDUCT
INDULGED IN MARKET MANIPULATIONS
INDULGED IN INSIDER TRADING
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAR-2004 TO 30-MAR-2009
31-MAR-2004
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 5 |
|
|
ANANYA TRADERS PVT.LTD.
|
|
|
|
S.DUTTA ROY
|
|
|
S.SENGUPTA
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 6 |
|
|
DSQ SOFTWARE LTD.
(PAN:AAACS5071J)
|
|
|
|
B.K.PAL
|
|
|
K.M.VENKATESHWARAN
|
|
|
MOHAMMED GHULAM GHOUSE
|
|
|
V.M.SUNDARAM
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-SEP-2004 TO 08-SEP-2009
RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR/TRUSTEE OF CAPITAL MARKET RELATED INSTITUTIONS/ENTITIES/PUBLIC POSITIONS FROM 09-SEP-2004 TO 08-SEP-2009
09-SEP-2004
|
|
| 7 |
|
|
EIDER E-COMMERCE LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE
|
DIRECTED NOT TO PROCEED WITH THE PUBLIC ISSUE
24-MAY-2000
|
SAT: APPEAL FAILED AND DISMISSED
|
| 8 |
|
|
EXV FINVEST LTD.
|
|
|
|
S.G.DHANUKA
|
|
|
S.N.SINGH
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 9 |
|
|
FIRST CUSTODIAN FUND (INDIA) LTD.,THE
|
|
|
|
MANISH BANTHIA
|
|
|
SURENDRA KUMAR BANTHIA
|
|
|
SUSHIL MANTRI
|
|
COMMITTED SEVERAL IRREGULARITIES INCLUDING ACTING BEYOND THE MANDATE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ISSUED FICTITIOUS CONTRACT NOTES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 14-JUL-2003 TO 13-JUL-2004
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-JUL-2003 TO 13-JUL-2004
24-JUN-2004
|
|
| 10 |
|
|
HARVESTDEAL SECURITIES LTD.
|
|
|
|
MANISH BANTHIA
|
|
|
RAJENDRA KUMAR BANTHIA
|
|
|
SAROJ BANTHIA
|
|
COMMITTED SEVERAL IRREGULARITIES INCLUDING ACTING BEYOND THE MANDATE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ISSUED FICTITIOUS CONTRACT NOTES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 14-JUL-2003 TO 13-JUL-2004
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-JUL-2003 TO 13-JUL-2004
24-JUN-2004
|
|
| 11 |
|
|
INDO-FRENCH BIO-TECH ENTERPRISES LTD.
|
|
|
|
KUMUDCHANDRA J.BODIWALA
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 16-SEP-1997 TO 15-SEP-1999
25-SEP-1997
|
|
| 12 |
|
|
KALAHRIDHAAN TRENDZ PVT.LTD.
(PAN:AAGCK1765P)
|
|
|
|
ADITYA N.AGARWAL
PAN:AKTPA4024B
|
|
|
NIRANJAN D.AGARWAL
PAN:ADFPA1858G
|
|
|
SUNITADEVI NIRANJAN AGARWAL
PAN:ADRPS3295H
|
|
DID NOT MAKE DISCLOSURE OF DEFAULT ON OUTSTANDING DUES TO STOCK EXCHANGES
MADE FALSE AND MISLEADING CORPORATE ANNOUNCEMENTS TO STOCK EXCHANGES REGARDING EXPANSION/PROFITABILITY AND RECEIPT OF LARGE BUY ORDER FROM A FICTITIOUS ENTITY FROM BANGLADESH
MADE FALSE AND MISLEADING CORPORATE ANNOUNCEMENTS REGARDING APPOINTMENT OF INDEPENDENT DIRECTOR
DID NOT APPOINT COMPLIANCE OFFICER
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 10-FEB-2025 UNTIL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 10-FEB-2025 UNTIL FURTHER ORDERS
10-FEB-2025
|
|
| 13 |
|
|
KOTAK MAHINDRA ASSET MANAGEMENT CO.LTD.
(PAN:AAACZ1086G)
|
|
|
DID NOT GIVE THE REQUIRED 21 DAYS PRIOR NOTICE TO BOARD AND INVESTORS
|
IMPOSED PENALTY RS.50,000
26-FEB-2003
|
SAT: APPEAL ALLOWED
|
| 14 |
|
|
MAULIK INVESTMENTS
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
27-DEC-2005
|
|
| 15 |
|
|
MINANCE INVESTMENT ADVISORS PVT.LTD.
(PAN:AALCM4744M)
|
|
|
|
ANURAG BHATIA
PAN:AVEPB6967G
|
|
DID NOT SUBMIT MATERIAL INFORMATION TO SEBI
DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY
DID NOT APPOINT COMPLIANCE OFFICER
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 20-OCT-2020 TO 19-OCT-2025
CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
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 20-OCT-2020 TO 19-OCT-2025
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED BANKS NOT TO ALLOW ANY DEBITS/WITHDRAWLS AND CREDITS FROM ACCOUNT WITHOUT PERMISSION OF SEBI FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
20-OCT-2020
|
SEBI VIDE ITS ORDER DATED 20/04/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 20/10/2020
SEBI VIDE ITS ORDER DATED 31/05/2023 DIRECTED TO A) CANCEL CERTIFICATE OF REGISTRATION AS INVESTMENT ADVISER B) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR FIVE YEARS FROM INTERIM ORDER C) RESOLVE THE COMPLAINTS PENDING IN SCORES TO INVESTMENT ADVISORY SERVICES WITHIN THIRTY DAYS FROM DATE OF THIS ORDER
|
| 16 |
|
|
MINANCE INVESTMENT ADVISORS PVT.LTD.
(PAN:AALCM4744M)
|
|
|
|
PANKAJ MAHANTY
PAN:ASZPP7398H
|
|
|
SARBASHISH BASU
PAN:BLHPB3370H
|
|
DID NOT SUBMIT MATERIAL INFORMATION TO SEBI
DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY
DID NOT APPOINT COMPLIANCE OFFICER
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-OCT-2020 UNTIL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-OCT-2020 UNTIL FURTHER ORDERS
CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 20-OCT-2020 UNTIL FURTHER ORDERS
20-OCT-2020
|
|
| 17 |
|
|
N.K.MALPANI,M/S
|
|
|
|
N.K.MALPANI
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
27-DEC-2005
|
|
| 18 |
|
|
ONEPAPER RESEARCH PVT.LTD.
(PAN:AADCO2642Q)
|
|
|
DID NOT INFORM SEBI OF MATERIAL CHANGES IN INFORMATION ALREADY SUBMITTED AT THE TIME OF REGISTRATION
DID NOT COVER REQUIREMENTS REGARDING CONFLICT OF INTEREST, PROMOTING OBJECTIVE AND RELIABLE RESEARCH REPORT REFLECTING ITS UNBIASED VIEW, PREVENTING USE OF RESEARCH REPORT OR ANALYSIS TO MANIPULATE MARKET ETC.
DISCLOSURES IN THE RESEARCH REPORTS DID NOT COVER ALL THE REQUIREMENTS OF DISCLOSURES REQUIRED IN RESEARCH REPORT
DID NOT PROVIDE ANY BASIS OR JUSTIFICATION FOR USAGE OF "ONE OF THE TOP RESEARCH EXPERTS"
DID NOT DISPLAY A PHOTOCOPY OF CERTIFICATE OF REGISTRATION NOR NAME AND CONTACT DETAILS OF COMPLIANCE OFFICER
DID NOT APPOINT COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.6,00,000
31-OCT-2023
|
|
| 19 |
|
|
PRABODH ARTHA SANCHAY PVT.LTD.
|
|
|
|
MOHAN GUJARATI
|
|
|
NALINI GUJARATI
|
|
|
RAM DIMBLE
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN SCRIP OF CYBERSPACE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-MAY-2003
|
|
| 20 |
|
|
SHRIRAM ASSET MANAGEMENT CO.LTD.
|
|
|
|
D.A.GADGIL
|
|
DID NOT ENSURE INVESTMENT OF FUNDS WAS CARRIED OUT AS A PRUDENT BUSINESSMAN AND IN THE BEST INTEREST OF THE UNITHOLDERS
DID NOT ENSURE INVESTMENT OF FUNDS DID NOT GIVE ANY UNDUE OR UNFAIR ADVANTAGE TO ENTITIES HAVING ASSOCIATION WITH SPONSORS AND MANAGED PORTFOLIO OF SCHEMES OF SHRIRAM MUTUAL FUND IN THE INTEREST OF ASSOCIATES OF SPONSORS AND NOT IN THE INTEREST OF ORDINARY UNITHOLDERS
DID NOT EXERCISE DUE DILIGENCE
PURCHASED SHARES FOR EXTRANEOUS CONSIDERATION OF BAILING OUT BROKERS FACING PAYMENT PROBLEMS FOR THEIR TRADING IN THE SHARES OF VIDEOCON INTERNATIONAL LTD. AND IN PURSUANCE OF CLANDESTINE BUYBACK ARRANGEMENT WITH VIDEOCON GROUP
CREATED FALSE DOCUMENTARY EVIDENCE WITH A VIEW TO MISLEAD THE INVESTIGATIONS BY PREPARING ANTE-DATED CORRESPONDENCE BETWEEN SHRIRAM MUTUAL FUND AND THE BROKER TO GIVE AN IMPRESSION THAT THE SHARES WERE PURCHASED ON A DATE DIFFERENT FROM THE ACTUAL DATE OF TRANSACTION
|
RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR/TRUSTEE OF CAPITAL MARKET RELATED INSTITUTIONS/ENTITIES/PUBLIC POSITIONS FROM 24-OCT-2002 TO 23-OCT-2003
24-OCT-2002
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
