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.

COMPANIES: VIOLATED SEBI (PFUTP) REGULATIONS, 1995

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

AARTHIK COMMERCIALS PVT.LTD.

(PAN:AACCR0191A)

TOOK SEPARATE POSITION LIMITS OF OPEN INTEREST ON ITS BEHALF BY EXECUTING SEPARATE AGREEMENTS WITH EACH OF THEM AND CORNERED 93.63% OF NOVEMBER FUTURES OF RELIANCE PETROLEUM LTD. VIOLATING SECTION 12A OF SEBI ACT, 1992 READ WITH REGULATIONS 3, 4(1) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003

VIOLATED SEBI CIRCULAR NO. SMDRP/DC/CIR-10/01 DATED 02/11/2001 AND NSE CIRCULAR NO. NSE/CMPT/2982 DATED 07/11/2001 IN MATTER OF RELIANCE PETROLEUM LTD.

PROHIBITED FROM DEALING IN EQUITY DERIVATIVES IN F&O SEGMENT OF STOCK EXCHANGES, DIRECTLY OR INDIRECTLY FROM 24-MAR-2017 TO 23-MAR-2018

DIRECTED TO SQUARE OFF OR CLOSE OUT THEIR EXISTING OPEN POSITIONS IN F&O SEGMENT

24-MAR-2017

SAT: SAT VIDE ITS ORDER DATED 05/11/2020 DISMISSED THE APPEAL WITH NO ORDER AS TO COSTS

AASH INFIN & GROWTH PVT.LTD.

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ASHOK PARMAR

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

ABL BIOTECHNOLOGIES LTD.

(CIN:L52599TN1992PLC022340
PAN:AAACA5463G)

G.SUBRAMANIAN

PAN:AARPS0953K

RAVEENDRAN SAPPANY

PAN:AAGPR8625Q

ROSEMARY ISAAC

PAN:AAEPR5705R

INDULGED IN APPROVAL OF BOARD RESOLUTION VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ABL BIOTECHNOLOGIES LTD.

WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

DIRECTED TO FURNISH CERTIFICATE FROM PEER REVIEWED CHARTERED ACCOUNTANTS ALONGWITH NECESSARY DOCUMENTARY EVIDENCES TO SEBI

31-MAY-2019

ABL BIOTECHNOLOGIES LTD.

(CIN:L52599TN1992PLC022340
PAN:AAACA5463G)

KOLLENMARETH OOMMAN ISAAC

DIN:01421392
PAN:AAAPI2428J

DIRECTED TO RECOVER USD 6.64 MILLION FROM CLIFFORD CAPITAL PARTNERS A.G.S.A. AND BRING BACK MONEY INTO ABL�S BANK ACCOUNT IN INDIA WITHIN THREE MONTHS FROM DATE OF ORDER

DIRECTED TO FURNISH CERTIFICATE FROM PEER REVIEWED CHARTERED ACCOUNTANTS ALONGWITH NECESSARY DOCUMENTARY EVIDENCES TO SEBI

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-MAY-2019 TO 30-MAY-2024

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-MAY-2019 TO 30-MAY-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-MAY-2019 TO 30-MAY-2024

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

31-MAY-2019

ACCURATE EXPORTS LTD.

DINANATH KHANDUJA

DINESH SHARMA

HEMANT GUPTA

MEETA KAPOOR

PRADEEP KUMAR KAPOOR

RAJESH C.TALSANIA

VIJAYKUMAR DINANATH KHANDUJA

VIOLATED SECTION 6(A) OF SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

ADAM COMSOF LTD.

MAHESH RAMDAS ADSUL

PAN:AGGPA2537E

NITIN SAWANT

RAJA YADAV

RAJESH SAKHARIE

RAJKUMAR CHAINRAI BASANTANI

PAN:AESPB2834F

UMESH R.KHARIWALA

VIKAS SETH

VILAS CHOWGLE

VINOD R.HINGORANI

VITHAL PATIL

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

30-SEP-2011

ADSUL TRADING PVT.LTD.

MAHESH RAMDAS ADSUL

PAN:AGGPA2537E

NITIN SAWANT

RAJESH SAKHARIE

RAJKUMAR CHAINRAI BASANTANI

PAN:AESPB2834F

UMESH R.KHARIWALA

VIKAS SETH

VILAS CHOWGLE

VINOD R.HINGORANI

VITHAL PATIL

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

30-SEP-2011

AKSH OPTIFIBRE LTD.

(PAN:AAACA0062F)

KAILASH SHANTILAL CHOUDHARI

PAN:AAHPC7797B

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 28-JUN-2019 TO 27-JUN-2022

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

28-JUN-2019

SAT: SAT VIDE ITS ORDER DATED 20/04/2021 MATTER ADJOURNED FOR PERIOD OF SIX WEEKS TO 29/06/2021

SAT: SAT VIDE ITS ORDER DATED 27/06/2022 AFFIRMED IMPUGNED ORDER 28/06/2019 BY REDUCING DEBARMENT PERIOD TO THREE YEARS FROM FIVE YEARS

AKSH OPTIFIBRE LTD.

(PAN:AAACA0062F)

ARUN SOOD

PAN:AAJPS3837J

B.R.RAKHECHA

PAN:AAEPR7923D

KAILASH SHANTILAL CHOUDHARI

PAN:AAHPC7797B

NARENDRA KUMBHAT

PAN:AAJPK8470D

POPATLAL FULCHAND SUNDESHA

PAN:AAAPF1710G

MISLED INVESTORS INTO BELIEVING ABOUT SUCCESS OF GDR ISSUE VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) AND 4 (2) (F), (K) & (R) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT INFORM STOCK EXCHANGE ABOUT DELISTING OF GDRS ON LUXEMBOURG STOCK EXCHANGE VIOLATING CLAUSE 36(7) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.25,00,000

28-FEB-2020

SAT: SAT VIDE ITS ORDER DATED 24/12/2020 ALLOWED THREE WEEKS TIME TO RESPONDENT TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER

SEBI VIDE ITS NOTICE DATED 28/02/2020 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

ALBLESS TRADING & INVESTMENT PVT.LTD.

DILIP BHADEKA

DINESH BHANUSHALI

PAN:AITPB0677K

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

ALKAN PROJECTS PVT.LTD.

GOPU PARIMAL BELANI

RAMESH BALKRISHNA GUDI

SURESH HEMWANI

VIOLATED SECTION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 11 (3) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

ALTAR INVESTMENT PVT.LTD.

(PAN:AAACA6687J)

REPORTED INFLATED SHAREHOLDING OF PROMOTERS IN MATTER OF GHCL LTD.

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 7(1A) AND 8(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF GHCL LTD.

IMPOSED PENALTY RS.56,00,000 ALONG WITH OTHER ENTITIES/PERSONS

25-OCT-2013

SAT: SAT VIDE ITS ORDER DATED 31/07/2014 QUASHED AND SET ASIDED PENALTY OF RS.2 LACS IMPOSED ON EACH OF THE APPELLANTS FOR VIOLATION OF REGULATION 7(1A) OF SAST REGULATIONS

AMBIKA FERRO ALLOYS PVT.LTD.

P.K.RAO

R.P.SHARMA

SANJAY GUPTA

V.K.AGARWAL

VIOLATED REGULATIONS 4(A) TO 4(E) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 6(D) OF SEBI (PFUTP) REGULATIONS, 1995

DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

VIOLATED SECTION 11 (2) OF SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

15-MAY-2006

AMI IMPEX

DEVEN MEHTA

MEENAL CHHABARIA

SURESH GURBUX MOTWANI

SURESH HEMWANI

VIOLATED SECTION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 11 (C) 6 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

AMIT SHARE TRADING PVT.LTD.

GOPAL VIJAY

P.K.RAO

R.P.SHARMA