| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
BASAN FINANCIAL SERVICES LTD.
|
|
|
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BASANTH AGARWAL
|
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NIKHIL AGARWAL
|
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DID NOT ADHERE TO ELIGIBILITY CRITERIA AND CONDITIONS FOR GRANT OF OR HOLDING THE CERTIFICATE OF REGISTRATION AS MERCHANT BANKER VIOLATING REGULATIONS 6(AA) AND 6(B) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT MAINTAIN RECORDS AND DOCUMENTS PERTAINING TO DUE DILIGENCE EXERCISED IN SME ISSUE OF SUBH TEX LTD. VIOLATING REGULATION 14(E) READ WITH 16 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT PROVIDE DESIRED ASSISTANCE TO SEBI INSPECTION TEAM DURING INSPECTION VIOLATING REGULATIONS 14(E) READ WITH 16, 31(1), 31)(2) & 31(4) AND CLAUSE 3, 21 AND 29 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROHIBITED FROM BEING EMPLOYED OR ASSOCIATED WITH ANY REGISTERED INTERMEDIARIES OR OTHER REGISTERED PERSON
05-JUL-2021
|
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| 2 |
|
|
CHARTERED CAPITAL & INVESTMENT LTD.
(PAN:AAACC6247L)
|
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ALLEGED ACTIVELY INVOLVEMENT IN BUY-BACK OF SHARES OF COMPANY BY PROVIDING ADVICE/GUIDANCE/CONTROLLING THE FUNCTIONS OF EQUIRUS CAPITAL PVT.LTD. WITHOUT BEING OFFICIALLY APPOINTED AS MERCHANT BANKER TO BUY BACK ISSUE VIOLATING REGULATION 21A OF SEBI (MERCHANT BANKER) REGULATIONS, 1992 IN MATTER OF MAZDA LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,87,500 VIDE CONSENT ORDER)
22-JUL-2022
|
|
| 3 |
|
|
COMFORT SECURITIES LTD.
(PAN:AABCC9625R)
|
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AMIT KUMAR KHEMKA
PAN:AQRPK7830M
|
|
|
ANIL BENIPRASAD AGRAWAL
PAN:ACTPA6034D
|
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ANNU ANIL AGRAWAL
PAN:ADMPA0248F
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BHARAT NANUBHAI SHIROYA
PAN:ALLPS7688G
|
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CHANDRAKALA PUROHIT
PAN:AFUPP1827R
|
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JUGAL CHANDRAKANT THACKER
PAN:ABCPT8861F
|
|
|
SARTHAK VIJLANI
PAN:ADMPV9381J
|
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DID NOT EXERCISE DUE DILIGENCE, SKILL AND CARE AS INDEPENDENT PROFESSIONAL JUDGEMENT WHILE ACTING AS BOOK RUNNING LEAD MANAGER VIOLATING REGULATIONS 64(1), 8(2) (B), (E) AND (F) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
DID NOT EXERCISE DUE DILIGENCE, SKILL AND CARE AS INDEPENDENT PROFESSIONAL JUDGEMENT WHILE ACTING AS BOOK RUNNING LEAD MANAGER VIOLATING REGULATIONS 64(1), 8(2) (B), (E) AND (F) AND REGULATION 13 READ WITH CLAUSES 1 TO 4, 6, 7 AND 21 OF THE CODE OF CONDUCT SPECIFIED UNDER SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
INDULGED IN SIPHONING OFF/DIVERSION OF RS.33.83 CRORES IN IPO PROCEEDS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
|
IMPOSED PENALTY RS.6,00,00,000
21-AUG-2020
|
SAT: SAT VIDE ITS ORDER DATED 01/12/2020 CONDONED THE DELAY OF 29 DAYS IN FILING OF APPEAL. ALLOWED TWO WEEKS TIME TO RESPONDENT TO FILE REPLY AND APPELLANT TO FILE REJOINDER A WEEK THEREAFTER
|
| 4 |
|
|
CORPORATE PROFESSIONALS CAPITAL PVT.LTD.
(PAN:AABCC7247B)
|
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DID NOT EXERCISE DUE DILIGENCE AND CARE WHILE PREPARING DRAFT LETTER OF OFFER VIOLATING REGULATION 13 READ WITH CLAUSES 3 & 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF MEDICAMEN BIOTECH LTD.
DID NOT EXERCISE DUE DILIGENCE AND CARE WHILE PREPARING DRAFT LETTER OF OFFER VIOLATING REGULATION 27(5) OF SAST REGULATIONS, 2011 IN MATTER OF MEDICAMEN BIOTECH LTD.
|
IMPOSED PENALTY RS.3,00,000
10-OCT-2019
|
SAT: SAT VIDE ITS ORDER DATED 16/04/2021 REJECTED STAY APPLICATION
SAT: SAT VIDE ITS ORDER DATED 16/07/2021 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
|
| 5 |
|
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EXPERT GLOBAL CONSULTANTS PVT.LTD.
(PAN:AABCF5715E)
|
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GAURAV JAIN
PAN:AEYPJ4410R
|
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DID NOT EXERCISE PROPER DUE DILIGENCE IN OPEN OFFER OF DIGGI MULTITRADE LTD.
DID NOT SUBMIT PERIODIC REPORTS TO SEBI
DID NOT INTIMATE CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL TO SEBI
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
DID NOT ADOPT CODE OF CONDUCT, MAINTENANCE OF STRUCTURAL DIGITAL DATABASE (SDD) AND DESIGNATING ANY COMPLIANCE OFFICER TO MONITOR COMPLIANCES AS REQUIRED UNDER SEBI (PIT) REGULATIONS, 2015
MADE MISLEADING DISCLOSURES/STATEMENT ON WEBSITE
DID NOT DISPLAY INVESTOR CHARTER ON ITS WEBSITE
|
IMPOSED PENALTY RS.7,00,000
17-DEC-2024
|
|
| 6 |
|
|
JM FINANCIAL LTD.
(PAN:AAACJ2590B)
|
|
|
ALLEGED VIOLATION OF REGULATION 29(4) OF SEBI (DELISTING) REGULATIONS, 2021 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATION 13 READ WITH SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN THE MATTER OF ELCID INVESTMENTS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
21-MAY-2024
|
|
| 7 |
|
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KANORIA SECURITIES & FINANCIAL SERVICES LTD.
|
|
|
|
RAM AGGARWAL
|
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VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
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| 8 |
|
|
MONARCH PROJECT & FINMARKETS LTD.
(PAN:AAACM8214F)
|
|
|
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KAMLESH M.SHAH
|
|
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 9 |
|
|
ONELIFE CAPITAL ADVISORS LTD.
(PAN:AAACO9540L)
|
|
|
|
PANDOO PRABHAKAR NAIG
PAN:ACNPN2800J
|
|
DID NOT EXERCISE DUE DILIGENCE WITH RESPECT TO DISCLOSURE MADE IN IPO PROSPECTUS VIOLATING CLAUSES 1 TO 4, 6, 7, 11 TO 13 AND 18 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF PARAMOUNT PRINTPACKAGING LTD.
DID NOT MAKE DISCLOSURE OF MATERIAL CONFLICT OF INTEREST INFORMATION MADE IN IPO PROSPECTUS VIOLATING CLAUSES 1 TO 4, 6, 7, 11 TO 13 AND 18 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF PARAMOUNT PRINTPACKAGING LTD.
DID NOT EXERCISE DUE DILIGENCE WITH RESPECT TO DISCLOSURE MADE IN IPO PROSPECTUS VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF PARAMOUNT PRINTPACKAGING LTD.
DID NOT MAKE DISCLOSURE OF MATERIAL CONFLICT OF INTEREST INFORMATION MADE IN IPO PROSPECTUS VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF PARAMOUNT PRINTPACKAGING LTD.
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-DEC-2022
|
SAT: SAT VIDE ITS ORDER DATED 05/06/2023 ALLOWED THE APPEAL AND QUASHED THE IMPUGNED ORDER DATED 30/12/2022
|
| 10 |
|
|
RUSODAY & CO.LTD.
|
|
|
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECTION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED NO.1 TO 5 WERE ACQUITTED BY COURT
|
| 11 |
|
|
SAHARA INDIA
(PAN:AAMFS0216L)
|
|
|
|
SUBRATA ROY SAHARA
DIN:00431905
PAN:ARKPS3189F
|
|
ACTED AS ARRANGER WITHOUT REGISTRATION WITH SEBI VIOLATING SECTION 12 OF SEBI ACT, 1992 READ WITH SEBI (MERCHANT BANKERS) REGULATIONS, 1992 READ WITH CLAUSE 5.4.1 OF DIP DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH ICDR REGULATIONS, 2008
|
PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 31-OCT-2018 TO 30-OCT-2022
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-OCT-2018 TO 30-OCT-2022
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-OCT-2018 TO 30-OCT-2022
RESTRAINED FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC FROM 31-OCT-2018 TO 30-OCT-2022
31-OCT-2018
|
SAT: SAT VIDE ITS ORDER DATED 22/04/2021 ADJOURNED THE MATTERS FOR THE DAY AND DIRECTED APPELLANTS TO SERVE LIST OF DATES AND WRITTEN SUBMISSIONS TO THE LEARNED SENIOR COUNSELS FOR THE RESPONDENT WITHIN THREE DAYS FROM DATE OF THIS ORDER. MATTER OF FOR HEARING ON 07/05/2021
SAT: SAT VIDE ITS ORDER DATED 27/10/2021 DIRECTED RESPONDENTS TO FILE REPLY WITHIN A WEEK FROM DATE OF THIS ORDER AND APPELLANTS TO FILE REJOINDER WITHIN A WEEK THEREAFTER
|
| 12 |
|
|
STI FINANCE LTD.
|
|
|
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECTION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED NO.1 TO 5 WERE ACQUITTED BY COURT
|
| 13 |
|
|
UNICON CAPITAL SERVICES PVT.LTD.
(CIN:U74140DL2008PTC181236
PAN:AABCU0157G)
|
|
|
|
GAJENDRA NAGPAL
PAN:AADPN5511A
|
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PROVIDED FALSE DECLARATION AND UNDERTAKING TO BSE OF THAT IT WAS A SEBI REGISTERED MERCHANT BANKER VIOLATING REGULATION 106-O (2) OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
ACTED AS AN UNREGISTERED MERCHANT BANKER FOR SME PUBLIC ISSUES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-DEC-2014 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-DEC-2014 TILL FURTHER ORDERS
08-DEC-2014
|
MR.RAM MOHAN GUPTA DIRECTED TO RESTRAINED FROM ACCESSING SECURITES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET, EITHER DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHASTSOEVER, FOR A PERIOD OF FIVE YEARS
|
| 14 |
|
|
UNICON CAPITAL SERVICES PVT.LTD.
(CIN:U74140DL2008PTC181236
PAN:AABCU0157G)
|
|
|
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PAWAN DHANUKA
PAN:ADDPD9749D
|
|
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PRITAM PANDYA
PAN:AORPP5179A
|
|
ACTED AS AN UNREGISTERED MERCHANT BANKER FOR SME PUBLIC ISSUES
PROVIDED FALSE DECLARATION AND UNDERTAKING TO BSE OF THAT IT WAS A SEBI REGISTERED MERCHANT BANKER VIOLATING REGULATION 106-O (2) OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-MAR-2016 TO 30-MAR-2019
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAR-2016 TO 30-MAR-2019
08-DEC-2014
|
SEBI VIDE ITS ORDER DATED 31/03/2016 UNICON CAPITAL SERVICES PVT.LTD. AND MR.RAM MOHAN GUPTA DIRECTED TO RESTRAINED FROM ACCESSING SECURITES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET, EITHER DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHASTSOEVER, FOR A PERIOD OF FIVE YEARS
|
| 15 |
|
|
UNICON CAPITAL SERVICES PVT.LTD.
(CIN:U74140DL2008PTC181236
PAN:AABCU0157G)
|
|
|
|
RAM MOHAN GUPTA
PAN:AGDPG7175M
|
|
ACTED AS AN UNREGISTERED MERCHANT BANKER FOR SME PUBLIC ISSUES
PROVIDED FALSE DECLARATION AND UNDERTAKING TO BSE OF THAT IT WAS A SEBI REGISTERED MERCHANT BANKER VIOLATING REGULATION 106-O (2) OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-MAR-2016 TO 30-MAR-2021
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAR-2016 TO 30-MAR-2021
08-DEC-2014
|
SEBI VIDE ITS ORDER DATED 31/03/2016 UNICON CAPITAL SERVICES PVT.LTD. AND MR.RAM MOHAN GUPTA DIRECTED TO RESTRAINED FROM ACCESSING SECURITES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET, EITHER DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHASTSOEVER, FOR A PERIOD OF FIVE YEARS
|
| 16 |
|
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V.R.MATHUR MASS COMMUNICATIONS LTD.
|
|
|
|
BASUDEO AGARWAL
|
|
|
D.R.PRATAP
|
|
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PAWAN KUMAR AGARWAL
|
|
|
SUNEETI RAJ MATHUR
|
|
|
SYED M.MEHDI
|
|
|
VAMAN RAJ SAXENA
|
|
|
VIMAL RAJ MATHUR
PAN:AIDPM9858P
|
|
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
VIOLATED SECTION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
IN C.C.144/01 ACCUSED NO.2 WAS CONVICTED WITH IMPRISONMENT OF 3 MONTH AND FINE OF RS.15000 ACCUSED NO. 1 & 3 WERE CONVICTED AND SENTENCED TO FINE OF RS.15,000 ONLY. ON APPEAL BEFORE SESSIONS COURT THE CASE WAS COMPOUNDED UPON RECOMMENDATION OF COMPANY LAW BOARD ON PAYMENT OF RS.15,000 EACH BY ACCUSED NO.1 TO 3. IN CC NO. 11/2002 (SPLIT UP FROM CC NO 144/2001), THE COURT VIDE ITS ORDER DATED 21.08.2006 CONVICTED ACCUSED NO.4 AND 5 WITH A FINE OF RS.3000 EACH AND ON DEFAULT IMPRISONMENT FOR 3 MONTHS. CASE IS PENDING AGAINST ACCUSED NO.6, SYED MEHDI AS CC NO.90/2001 (SPLIT UP FROM CC NO.144/2001)
ACCUSED NO.1 TO 5 WERE ACQUITTED BY COURT
|
| 17 |
|
|
VIVRO FINANCIAL SERVICES PVT.LTD.
(PAN:AAACV5002E)
|
|
|
ALLEGED INDULGENCE IN ISSUANCE OF MISLEADING ADVERTISEMENT IN RESPECT OF PUBLIC ISSUE VIOLATING CLAUSE 7 OF CODE OF CONDUCT AS PRESCRIBED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF MUTHOOTTU MINI FINANCIERS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,11,875 VIDE CONSENT ORDER)
31-MAY-2022
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
