| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
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
|
|
| 2 |
|
|
EXPERT GLOBAL CONSULTANTS PVT.LTD.
(PAN:AABCF5715E)
|
|
|
DID NOT EXERCISE PROPER DUE DILIGENCE WHILE SUBMITTING CAPITAL BUILD-UP OF PROMOTER AND PROMOTER GROUP
MADE MISLEADING DISCLOSURES/STATEMENT ON WEBSITE
DID NOT DISPLAY INVESTOR CHARTER ON ITS WEBSITE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
DID NOT INTIMATE CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL TO SEBI
DELAY IN FILING OF PERIODIC REPORTS TO SEBI
DID NOT ADOPT CODE OF CONDUCT, MAINTENANCE OF STRUCTURAL DIGITAL DATABASE (SDD) AND DESIGNATING ANY COMPLIANCE OFFICER TO MONITOR COMPLIANCES AS REQUIRED UNDER SEBI (PIT) REGULATIONS, 2015
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT I.E.NEW CLIENTS AS A MERCHANT BANKER FROM 25-APR-2025 TO 24-OCT-2025
25-APR-2025
|
|
| 3 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT MAINTAIN MINIMUM NETWORTH
ENGAGED IN BUSINESS OTHER THAN SECURITIES
UNDERTOOK UNDERWRITING OBLIGATIONS EXCEEDING TWENTY TIMES OF ITS NET WORTH
ACCEPTED PUBLIC DEPOSITS TO FULFIL UNDERWRITING OBLIGATIONS
DID NOT INTIMATE SEBI REGARDING ACQUISITION OF SECURITIES OF ISSUER COMPANIES MANAGED BY MERCHANT BANKER
DELAY IN FILING OF HALF YEARLY REPORTS
MADE INCOMPLETE DISCLOSURE OF TRACK RECORD OF PUBLIC ISSUES ON ITS WEBSITE
DID NOT UPDATE TRACK RECORD ON THE WEBSITE AND IN TURN FALSELY SUBMITTED TO SEBI ABOUT SUBMISSION OF THE SAME
PROVIDED MISLEADING INFORMATION TO STOCK EXCHANGES
KEY MANAGEMENT PERSONNEL DID NOT OBTAIN SERIES III-A AND NISM IX CERTIFICATIONS
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 23-OCT-2025 TO 22-OCT-2027
DEBARRED FROM TAKING ANY NEW MANDATE IN RELATION TO BUSINESS OF ISSUE MANAGEMENT EITHER BY MAKING ARRANGEMENTS REGARDING SELLING, BUYING OR SUBSCRIBING TO SECURITIES OR ACTING AS MANAGER, CONSULTANT, ADVISER OR RENDERING CORPORATE ADVISORY SERVICE IN RELATION TO SUCH ISSUE MANAGEMENT FROM 23-OCT-2025 TO 22-OCT-2027
IMPOSED PENALTY RS.20,00,000
23-OCT-2025
|
|
| 4 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
ENGAGED IN BUSINESS OTHER THAN SECURITIES
DID NOT POSSESS ADEQUATE FINANCIAL RESOURCES ON ACCOUNT OF LOWER NET WORTH TO ACQUIRE SECURITIES IN RESPECT OF UNDERWRITING OBLIGATIONS
DEFAULTED IN SUBMISSION OF QUARTERLY REPORTS TO SEBI
DELAY IN FILING OF HALF YEARLY REPORTS
DID NOT MAKE DISCLOSURE OF TYPE OF ISSUE (IPO/ FPO), SUBSCRIPTION LEVEL, DETAILS OF QIB HOLDING, FINANCIALS OF ISSUER, TRADING STATUS IN SCRIP OF ISSUER, CHANGE IN DIRECTORS, STATUS OF UTILIZATION OF ISSUE PROCEEDS, PRICE-RELATED DATA, BASIS FOR ISSUE PRICE, ETC ON ITS WEBSITE
KEY MANAGEMENT PERSONNEL DID NOT OBTAIN SERIES III-A AND NISM IX CERTIFICATIONS
|
DEBARRED FROM TAKING ANY NEW MANDATE IN RELATION TO BUSINESS OF ISSUE MANAGEMENT EITHER BY MAKING ARRANGEMENTS REGARDING SELLING, BUYING OR SUBSCRIBING TO SECURITIES OR ACTING AS MANAGER, CONSULTANT, ADVISER OR RENDERING CORPORATE ADVISORY SERVICE IN RELATION TO SUCH ISSUE MANAGEMENT FROM 03-OCT-2025 TO 02-DEC-2025
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 03-OCT-2025 TO 02-DEC-2025
23-OCT-2024
|
SAT: SAT VIDE ITS ORDER DATED 11/12/2024 PARTLY ALLOWED THE APPEAL AND STAYED THE DIRECTION IN PARA NO.96 TO DEBAR FROM TAKING NEW MANDATE SUBJECT TO APPELLANT BRINGING IN RS.3 CRORE WITHIN FIFTEEN DAYS FROM DATE OF THIS ORDER AND ENSURE MAINTAIN NET-WORTH CAPITAL ADEQUACY OF RS.5 CRORE. DIRECTED TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS ORDER DATED 03/10/2025 SUSPENDED THE CERTIFICATE OF REGISTRATION FOR TWO MONTH FROM DATE OF THIS ORDER
|
| 5 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
|
|
|
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.3,00,000
12-MAR-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
