| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANAND RATHI ADVISORS LTD.
(PAN:AAACS6836P)
|
|
|
DID NOT MAKE DISCLOSURE OF ICD IN IPO OFFER DOCUMENT DR.DATSONS LAB LTD. VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT MAKE DISCLOSURE OF ICD IN IPO OFFER DOCUMENT DR.DATSONS LAB LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4, 6 TO 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
31-JUL-2018
|
|
| 2 |
|
|
ARYAMAN FINANCIAL SERVICES LTD.
(PAN:AABCA1376P)
|
|
|
DID NOT CONDUCT INDEPENDENT DUE DILIGENCE WITH RESPECT TO DISCLOSURES MADE IN LETTER OF OFFER REGARDING EDUCATIONAL QUALIFICATIONS OF ACQUIRERS
DID NOT UPDATE CODE OF CONDUCT ADOPTED UNDER SCHEDULE B AND SCHEDULE C OF SEBI (PIT) REGULATIONS, 2015
|
IMPOSED PENALTY RS.2,00,000
31-MAY-2024
|
|
| 3 |
|
|
ARYAMAN FINANCIAL SERVICES LTD.
(PAN:AABCA1376P)
|
|
|
DID NOT ENSURE APPROPRIATE CLASSIFICATION OF PROMOTERS IN OFFER DOCUMENT/PROSPECTUS
|
IMPOSED PENALTY RS.1,00,000
29-DEC-2023
|
|
| 4 |
|
|
ASHIKA CAPITAL LTD.
(PAN:AADCA4563C
CIN:U30009WB2000PLC091674)
|
|
|
INDULGED IN SIPHONING OFF FUNDS RS.64.43 CRORES OF IPO PROCEEDS IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF SUDAR INDUSTRIES LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4,6,7 AND 21 OF SCHEDULE III OF CODE OF CONDUCT OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
06-APR-2020
|
|
| 5 |
|
|
ATHERSTONE CAPITAL MARKETS LTD.
(PAN:AAGCA1449J)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATIONS 64(1), 8(2) (B), (E) AND (F), 57 READ WITH CLAUSE 2 (IV) (H) (24) & (31) SPECIFIED UNDER PART A OF SCHEDULE VIII OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF ONELIFE CAPITAL ADVISORS LTD.
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATION 13 OF SEBI MERCHANT BANKING REGULATION READ WITH CLAUSES 1 TO 4, 6, 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF ONELIFE CAPITAL ADVISORS LTD.
|
IMPOSED PENALTY RS.12,00,000
15-MAR-2018
|
|
| 6 |
|
|
AXIS BANK LTD.
(PAN:AAACU2414K)
|
|
|
DID NOT REPORT/SUBMIT TRANSACTION DETAILS TO SEBI IN RESPECT OF NINE PUBLIC ISSUE OF DEBT OF VARIOUS COMPANIES, WHEREIN IT HAD ACQUIRED THE SECURITIES VIOLATING REGULATION 27 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
24-MAR-2022
|
|
| 7 |
|
|
AXIS CAPITAL LTD.
(PAN:AAACU8367M)
|
|
|
DID NOT MAKE DISCLOSURE IN RHP REGARDING REJECTION OF PROPOSAL OF FOREST DIVERSION OF ITS IRON ORE MINE BY MINISTRY OF ENVIRONMENT AND FOREST (MOEF) VIOLATING REGULATION 57(1), 57(2) (A) (II) AND 64 (1) OF SEBI (ICDR REGULATIONS), 2009 AND REGULATION 13 OF THE MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF IPO OF ELECTROCSTEEL CASTINGS LTD.
|
IMPOSED PENALTY RS.50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 14/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.50 LACS FROM RS.1.0 CRORE TO BE PAID JOINTLY AND SEVERALLY BY THE APPELLANTS
|
| 8 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT EXERCISE DUE DILIGENCE TO VERIFY TRUE AND CORRECT STATEMENTS ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS VIOLATING REGULATION 64(1) AND CLAUSES 1, 4, 6 AND 7 SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 2003 IN MATTER OF IPO OF TIMBOR HOME LTD.
|
IMPOSED PENALTY RS.1,00,000
23-MAR-2021
|
SEBI VIDE ITS NOTICE DATED 31/08/2021 DIRECTED TO PAY RS.1,06,293.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 23/08/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.4133 OF 2021 DATED 31/08/2021
|
| 9 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT MAKE DISCLOSURE OF REFERENCE TO WEB LINK TO ENABLE INVESTORS TO MONITOR POST ISSUE PERFORMANCE OF THE ISSUES HANDLED FOR A PERIOD OF THREE YEARS FROM THE DATE OF LISTING IN PROSPECTUS OF AMRAPALI CAPITAL & FINANCE SERVICES LTD.
DID NOT MAKE DISCLOSURE OF COMPLETE AND ADEQUATE INFORMATION TO INVESTORS TO ARRIVE AT A FAIR JUDGEMENT TO INVEST IN THE ISSUE OF ACE TOURS WORLDWIDE LTD. VIOLATING CLAUSE 4, 6 & 7 OF SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT MAKE DISCLOSURE OF COMPLETE AND ADEQUATE INFORMATION TO INVESTORS TO ARRIVE AT A FAIR JUDGEMENT TO INVEST IN THE ISSUE OF ACE TOURS WORLDWIDE LTD. VIOLATING REGULATION 57(1) OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
|
IMPOSED PENALTY RS.15,00,000
22-FEB-2017
|
SAT: SAT VIDE ITS ORDER DATED 29/03/2019 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 22/02/2017. NO COSTS
|
| 10 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT ENSURE ADEQUATE, ACCURATE/COMPLETE AND ALL RELEVANT MATERIAL DISCLOSURES IN IPO PROSPECTUS VIOLATING REGULATION 64(1) OF ICDR REGULATIONS IN MATTER OF RUSHIL DÉCOR LTD.
DID NOT EXERCISE DUE DILIGENCE AND VERIFY ADEQUACY OF DISCLOSURES IN IPO PROSPECTUS VIOLATING REGULATION 13 OF MERCHANT BANKERS REGULATIONS READ WITH CLAUSES 1 TO 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF RUSHIL DÉCOR LTD.
|
IMPOSED PENALTY RS.8,00,000
12-MAY-2017
|
SAT: APPEAL DISMISSED
|
| 11 |
|
|
DOOGAR & ASSOCIATES LTD.
|
|
|
DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997
|
IMPOSED PENALTY RS.50,000
26-JUN-2002
|
SAT: APPEAL FOR STAY OF INTERIM ORDER NOT ALLOWED
|
| 12 |
|
|
DOOGAR & ASSOCIATES LTD.
|
|
|
DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997
|
IMPOSED PENALTY RS.50,000
05-DEC-2001
|
SAT: APPEAL ALLOWED
|
| 13 |
|
|
DSP MERRILL LYNCH LTD.
(PAN:AAACD0535G)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 14 |
|
|
EDELWEISS FINANCIAL SERVICES LTD.
(PAN:AAACE1461E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 15 |
|
|
EDELWEISS FINANCIAL SERVICES LTD.
(PAN:AAACE1461E)
|
|
|
DID NOT MAKE DISCLOSURE IN RHP REGARDING REJECTION OF PROPOSAL OF FOREST DIVERSION OF ITS IRON ORE MINE BY MINISTRY OF ENVIRONMENT AND FOREST (MOEF) VIOLATING REGULATION 57(1), 57(2) (A) (II) AND 64 (1) OF SEBI (ICDR REGULATIONS), 2009 AND REGULATION 13 OF THE MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF IPO OF ELECTROCSTEEL CASTINGS LTD.
|
IMPOSED PENALTY RS.50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 14/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.50 LACS FROM RS.1.0 CRORE TO BE PAID JOINTLY AND SEVERALLY BY THE APPELLANTS
|
| 16 |
|
|
ENAM SECURITIES PVT.LTD.
|
|
|
DID NOT MAKE DISCLOSURE OF RABOBANK AS PROMOTER IN PROSPECTUS OF YES BANK LTD.
DID NOT MAKE DISCLOSURE PERTAINING TO ALLOCATION OF SHARES TO QIBS AND DID NOT MAINTAIN CONSISTENCY IN ALLOTMENT OF SHARES WITHIN SAME CATEGORY IN MATTER OF PUBLIC ISSUE OF YES BANK LTD.
DID NOT MONITOR FLOW OF APPLICATIONS & OTHER MATTERS PURSUANT TO CLOSURE OF PUBLIC ISSUES, ALLOTTED SHARES TO NON EXISTING DP IDS AND INDULGED IN OTHER IRREGULARITIES IN MATTER OF PUBLIC ISSUE OF YES BANK LTD.
|
IMPOSED PENALTY RS.25,00,000
31-DEC-2010
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 31/12/2010 SET ASIDE. NO ORDER AS TO COSTS
|
| 17 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DID NOT EXERCISE DUE DILIGENCE, CARE AND PROFESSIONAL JUDGEMENT IN ENSURING 25% OF CONSIDERATION AMOUNT OF OPEN OFFER DEPOSITED IN ESCROW ACCOUNT AT THE TIME OF MAKING PUBLIC ANNOUNCEMENT VIOLATING REGULATION 27(5) OF SAST REGULATIONS, 2011 IN MATTER OF ORIENT TRADELINK LTD.
|
IMPOSED PENALTY RS.2,00,000
27-JAN-2022
|
|
| 18 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DID NOT CARRY OUT NECESSARY DUE DILIGENCE AND INDEPENDENT VERIFICATION OF THE FACTS STATED IN THE PROSPECTUS REGARDING THE PROJECTS OF THE COMPANY IN MATTER OF SBL INFRATECH LTD.
|
IMPOSED PENALTY RS.10,00,000
16-MAY-2025
|
|
| 19 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DELAY IN CREATION OF ESCROW ACCOUNT AND DEPOSIT OF ESCROW MONEY VIOLATING REGULATION 17(1) OF SAST REGULATIONS, 2011 IN MATTER OF SPACEAGE PRODUCTS LTD. AND SPECULAR MARKETING FINANCE LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE TO ENSURE COMPLIANCE WITH SAST REGULATIONS VIOLATING REGULATION 27(5) OF SAST REGULATIONS, 2011 IN MATTER OF SPACEAGE PRODUCTS LTD. AND SPECULAR MARKETING FINANCE LTD.
|
IMPOSED PENALTY RS.6,00,000
28-MAR-2022
|
SEBI VIDE ITS NOTICE DATED 16/06/2022 DIRECTED TO PAY RS.6,25,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 20 |
|
|
FINSHORE MANAGEMENT SERVICES LTD.
(PAN:AABCF8557F)
|
|
|
DID NOT UNDERTAKE DUE DILIGENCE WITH RESPECT TO VERACITY AND ADEQUACY OF DISCLOSURES IN THE OFFER DOCUMENT/PROSPECTUS VIOLATING REGULATION 245(3) OF SEBI (ICDR) REGULATIONS, 2018 IN MATTER OF PRESSTONIC ENGINEERING LTD.
DID NOT UNDERTAKE DUE DILIGENCE WITH RESPECT TO VERACITY AND ADEQUACY OF DISCLOSURES IN THE OFFER DOCUMENT/PROSPECTUS VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF PRESSTONIC ENGINEERING LTD.
|
IMPOSED PENALTY RS.2,00,000
19-MAY-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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