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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 : 11-APR-2026

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: FAILED TO PAY FEES TO SEBI/EXCHANGE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
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 		 
2
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 		 
3
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 		 
4
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 		 
5
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 		 
6
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 		 
7
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 		 
8
History of entity/person BASAN FINANCIAL SERVICES LTD.

(PAN:AAECB3249H)  
  DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES

DID NOT SUBMIT HALF YEARLY REPORTS TO SEBI

DID NOT DISPLAY INFORMATION WITH RESPECT TO GRIEVANCE REDRESSAL MECHANISM AT OFFICE PREMISES

COMMITTED IRREGULARITIES WITH RESPECT TO INTERNAL CODE OF CONDUCT

DID NOT MAINTAIN ADEQUATE NET-WORTH

DELAY IN MAKING PAYMENT FOR BLOCK PERIOD

DID NOT INTIMATE CHANGE IN ADDRESS AND CONTACT DETAILS TO SEBI

DID NOT DISPLAY INVESTOR CHARTER ON ITS WEBSITE

DID NOT HAVE VALID NCFM/NISM CERTIFICATE

DID NOT PAY FEES TO SEBI   		CANCELLED REGISTRATION AS MERCHANT BANKER FROM 07-APR-2026

07-APR-2026 		 
9
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 		 
10
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 		 
11
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 		 
12
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 		 
13
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 		 
14
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 		 
15
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 		 
16
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 		 
17
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 		 
18
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 		 
19
History of entity/person CONSOLIDATED CAPITAL FINANCIALS LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998 		 
20
History of entity/person COSTPLUS CREDIT CAPITAL LTD.  
  DID NOT PAY FEES TO SEBI   SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-SEP-1998 TILL THE REMAINING PERIOD OF REGISTRATION

17-SEP-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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