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SOURCE OF INFORMATION

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.

MERCHANT BANKERS: SUSPENDED REGISTRATION AS MERCHANT BANKER

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person 21ST CENTURY MANAGEMENT SERVICES LTD.  
  DID NOT EXERCISE DUE DILIGENCE IN MATTER OF INDO FRENCH BIOTECH ENTERPRISES   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 09-SEP-1998

09-SEP-1998 		 
2
History of entity/person ABHISHEK MAHESHWARI LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
3
History of entity/person ALASKA CAPITAL MARKETS PVT.LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 20-SEP-1998

12-OCT-1998 		 
4
History of entity/person ALCHEMIE FINANCIAL SERVICES LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
5
History of entity/person AMERICAN FISCAL SERVICES PVT.LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
6
History of entity/person APEKSHA SECURITIES LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
7
History of entity/person ARUN FINTRADE LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 31-AUG-1998 TILL THE REMAINING PERIOD OF REGISTRATION

08-SEP-1998 		 
8
History of entity/person BAHETI BHADADA & ASSOCIATES  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
9
History of entity/person BASAN FINANCIAL SERVICES LTD.  
  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   		SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 26-JUL-2021 TO 25-JAN-2022

05-JUL-2021 		 
10
History of entity/person BETALA GLOBAL SECURITIES LTD.

(CIN:U65191TN1994PLC029073)  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 23-JUL-1998 TILL THE REMAINING PERIOD OF REGISTRATION

06-AUG-1998 		 
11
History of entity/person BHARAT RASAYAN FINANCE LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
12
History of entity/person BODHI MANAGEMENT & INVESTMENT PVT.LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998

18-JUN-1998 		 
13
History of entity/person BRIJLAXMI LEASING & FINANCE LTD.

(PAN:AAACB9524F
CIN:L65993GJ1990PLC014183)  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 17-JUL-1998

27-JUL-1998 		 
14
History of entity/person BRILLIANT INDUSTRIES LTD.  
  DID NOT FULFILL DEVOLVEMENT OBLIGATION IN PUBLIC ISSUE OF VINSARI FRUITECH LTD.   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 13-AUG-1998 TO 12-SEP-1998

25-AUG-1998 		 
15
History of entity/person CHANDRAVIJAY SHAH & CO.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 14-MAY-1998

27-MAY-1998 		 
16
History of entity/person CHEMOX SECURITIES LTD.

(CIN:U67120MH1985PLC086072)  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 19-JUN-1998

30-JUN-1998 		 
17
History of entity/person CLARITY FINANCIAL SERVICES LTD.

(PAN:AABCC0364R)  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
18
History of entity/person CLASSIC GLOBAL SECURITIES LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 30-JUL-1998

07-AUG-1998 		 
19
History of entity/person CLASSWIN CREDIT CAPITAL LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 14-AUG-1998 TILL THE REMAINING PERIOD OF REGISTRATION

25-AUG-1998 		 
20
History of entity/person CLF CORP.LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-OCT-1998

08-OCT-1998 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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