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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: ALLOWED WRONG UTILIZATION OF ISSUE PROCEEDS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person 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 		 
2
History of entity/person ONELIFE CAPITAL ADVISORS LTD.

(PAN:AAACO9540L)

(Member : BSE)  
Click here to view complete history of this specific entity/person A.P.SHUKLA

PAN:AECPS3296Q
Click here to view complete history of this specific entity/person DHANANJAY CHANDRAKANT PARIKH

PAN:ACTPP2402L
Click here to view complete history of this specific entity/person PANDOO PRABHAKAR NAIG

PAN:ACNPN2800J
Click here to view complete history of this specific entity/person T.S.RAGHAVAN

PAN:AAFPR1521A
Click here to view complete history of this specific entity/person THIRUVIDAIMARUDUR KRISHNA PRABHAKAR NAIG

PAN:ABIPN2653D
Click here to view complete history of this specific entity/person TUSHAR SHIRDHARANI

PAN:AAIPS0065M
  		MISUTILIZED ISSUE PROCEEDS

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS   		DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 28-DEC-2011 TILL FURTHER ORDERS

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT AS DEBENTURE TRUSTEE OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPO, FOLLOW-ON ISSUE FROM 28-DEC-2011 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED COMPANY TO CALL BACK ICDS AND/OR OTHER AMOUNTS AND DEPOSIT THE SAME IN AN INTEREST BEARING ESCROW ACCOUNT

DIRECTED BSE, NSE, NSDL AND CDSL TO ENSURE THAT DIRECTIONS ISSUED VIDE ORDER ARE STRICTLY ENFORCE

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

28-DEC-2011 		SAT: APPEAL DISPOSED OFF WITH NO ORDER AS TO COSTS

SEBI VIDE ITS ORDER DATED 15/02/2012 MODIFIED ITS EARLIER ORDER DATED 28/12/2011 BY ALLOWING TO DEAL IN SHARES FOR LIMITED PURPOSE OF FULFILLING THEIR EXISTING OBLIGATIONS OF UNDERWRITING FOR MINIMUM SUBSCRIPTION  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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