| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ARYAMAN FINANCIAL SERVICES LTD.
(PAN:AABCA1376P)
|
|
|
AIDED AND ABETTED FUND FLOW CONDUITS IN SIPHONING OFF IPO PROCEEDS OF MIDVALLEY ENTERTAINMENT LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF MIDVALLEY ENTERTAINMENT LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 4, 6 AND 7 OF SCHEDULE III OF CODE OF CONDUCT OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF MIDVALLEY ENTERTAINMENT LTD. VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 11-MAR-2020 TO 10-JUN-2020
11-MAR-2020
|
|
| 2 |
|
|
AXIS CAPITAL LTD.
(PAN:AAACU8367M)
|
|
|
PROVIDED GUARANTEE/INDEMNITY TOWARDS REDEMPTION OF NON-CONVERTIBLE DEBENTURES (NCDS) OF SOJO INFOTEL PVT.LTD. IN THE GUISE OF UNDERWRITING, NOT PERMITTED TO DO UNDER EXISTING REGULATORY FRAMEWORK
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 19-SEP-2024 TILL FURTHER ORDER
19-SEP-2024
|
SEBI VIDE ITS ORDER DATED 26/11/2024 MODIFIED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 19/09/2024 AS “ AXIS CAPITAL LTD. NOT TO CARRY OUT ANY TRANSACTION WHICH WOULD INVOLVE AXIS CAPITAL LTD. PROVIDING ANY CREDIT RISK COVER (AS CONTEMPLATED IN PARAGRAPH 10 OF THE INTERIM ORDER) GUARANTEE OR INDEMNITY RELATING TO PURCHASE OF PLEDGED SHARES (AS CONTEMPLATED IN PARAGRAPHS 11 AND 12 OF THE INTERIM ORDER) OR SUCH THAT IT RESULTS IN A STRUCTURED SECURED CREDIT TRANSACTION (AS CONTEMPLATED IN PARAGRAPH 18 OF THE INTERIM ORDER) IN THE DEBT SEGMENT UNTIL FURTHER ORDERS”
|
| 3 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
INDULGED IN DIVERSION/SIPHONING OFF FUNDS OF IPO PROCEEDS OF TREKKINGTOES.COM VIOLATING REGULATIONS 27(2) AND (5) OF SEBI TAKEOVER REGULATIONS AND CODE OF CONDUCT SPECIFIED UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 24-JAN-2022
24-JAN-2022
|
SEBI VIDE ITS ORDER DATED 30/01/2023 REVOKED THE DIRECTIONS ISSUED VIDE EX-PARTE AD INTERIM ORDER CUM SHOW CAUSE NOTICE DATED 24/01/2022 AND DISPOSED OF SCN WITHOUT ANY FURTHER DIRECTIONS
|
| 4 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT HAVE NECESSARY INFRASTRUCTURE AND MANPOWER TO DISCHARGE ITS ACTIVITIES AS A MERCHANT BANKER VIOLATED REGULATION 6(AA) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
INVOLVED IN LITIGATION CONNECTED WITH SECURITIES MARKET VIOLATING REGULATION 6(E) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT PAY RENEWAL FEE FOR BLOCK DECEMBER, 2022 TO DECEMBER, 2025 AS PRESCRIBED UNDER REGULATION 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 27-APR-2023 UNTIL FURTHER ORDERS
27-APR-2023
|
|
| 5 |
|
|
KEYNOTE CORPORATE SERVICES LTD.
(PAN:AAACK3234D)
|
|
|
PARTICIPATED ACTIVELY IN THE SCHEME WITH INTENTION TO SECURE MINIMUM SUBSCRIPTION TO THE ISSUE WHICH OPERATED AS FRAUD UPON INVESTING PUBLIC VIOLATING REGULATION 3(B), (C), (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 READ WITH SECTION 12A (B) OF SEBI ACT, 1992 IN THE MATTER OF IPO OF EMMBI POLYARNS LTD.(NOW KNOWN AS EMMBI INDUSTRIES LTD.)
PARTICIPATED ACTIVELY IN THE SCHEME WITH INTENTION TO SECURE MINIMUM SUBSCRIPTION TO THE ISSUE WHICH OPERATED AS FRAUD UPON INVESTING PUBLIC VIOLATING CLAUSES 1, 2, 11, 12, 32(A) AND (B) OF CODE OF CONDUCT FOR MERCHANT BANEKRS SPECIFIED IN SCHEDULE III OF REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN THE MATTER OF IPO OF EMMBI POLYARNS LTD. (NOW KNOWN AS EMMBI INDUSTRIES LTD.)
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 27-APR-2016 TO 26-MAY-2016
06-APR-2016
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
