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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 : 21-NOV-2024

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: VIOLATED SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person CORPORATE CAPITAL VENTURES PVT.LTD.

(PAN:AAECR4815P
CIN:U74140DL2009PTC194657)  
  DID NOT HONOR ITS UNDERWRITING OBLIGATION IN SME IPO OF ICL MULTITRADING INDIA LTD. VIOLATING REGULATIONS 106P(1) OF ICDR REGULATIONS, 2009 READ WITH REGULATION 301(2) OF SEBI (ICDR) REGULATIONS, 2018  DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET

DIRECTED TO MAKE DISCLOSURE OF PENDING ASSIGNMENTS ENGAGED AS MERCHANT BANKER IN OFFER DOCUMENTS PERTAINING TO ISSUES CONCERNING SUCH ASSIGNMENTS

DIRECTED TO PROVIDE DETAILS OF ALL PENDING ASSIGNMENTS AS MERCHANT BANKER TO SEBI WITHIN SEVEN DAYS OF RECEIPT OF ORDER

05-JUL-2019 		SEBI VIDE ITS ORDER DATED 16/01/2020 CONFIRMED ITS DIRECTIONS ISSUED VIDE INTERIM ORDER DATED 05/07/2019 AND DIRECTED CCV TO REMAIN PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT RELATING TO MERCHANT BANKING ACTIVITIES IN SECURITIES MARKET TILL FURTHER ORDERS. FURTHER, DIRECTED TO INVESTIGATE INTO THE EVENTS SURROUNDING SME-IPO OF ICL AND CCV AND ICL ARE DIRECTED TO EXTEND ALL NECESSARY CO-OPERATION TO THE INVESTIGATION

SAT: SAT VIDE ITS ORDER DATED 22/10/2020 DISPOSED OFF THE APPEAL BY DIRECTED SEBI TO ISSUE SHOW CAUSE NOTICE TO APPELLANT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND DIRECTED APPELLANT TO FILE ITS REPLY WITHIN FOUR WEEKS THEREAFTER

SEBI VIDE ITS ORDER DATED 16/03/2021 DISPOSED OFF THE PRESENT PROCEEDINGS AND REVOKED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 05/07/2019 AND CONFIRMATORY ORDER DATED 16/01/2020
2 
History of entity/person FINSHORE MANAGEMENT SERVICES LTD.

(PAN:AABCF8557F)  
  DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING REGULATIONS 16(4) AND 27(5) OF SAST REGULATIONS, 2011

DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING CLAUSES 6 AND 7 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992

DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING CLAUSES 4 AND 6 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992

DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING REGULATION 245(3) READ WITH SCHEDULE VI OF SEBI (ICDR) REGULATIONS, 2018

DID NOT UPLOAD INVESTOR CHARTER ON ITS WEBSITE

DID NOT CREATE AND UTILISE DEDICATED EMAIL ID FOR INVESTOR GRIEVANCES

USED PERSON-CENTRIC EMAIL IDS INSTEAD OF GENERAL EMAIL IDS FOR REGULATORY COMMUNICATIONS

DID NOT MAINTAIN LIST OF DESIGNATED PERSONS, STRUCTURED DIGITAL DATABASE AND DEFICIENCIES IN THE INTERNAL CONTROLS PUT IN PLACE BY MERCHANT BANKER VIOLATING REGULATIONS 3, 9, 9A AND SCHEDULE C OF SEBI (PIT) REGULATIONS, 2015

DID NOT MAKE DISCLOSURE OF INFORMATION IN REPLY TO PIQ WITH RESPECT TO ADMINISTRATIVE WARNINGS AND DEFICIENCY LETTERS PREVIOUSLY ISSUED BY SEBI  		IMPOSED PENALTY RS.5,00,000

30-MAY-2024
3 
History of entity/person SYSTEMATIX CORPORATE SERVICES LTD.

(PAN:AAGCS3420D)  
  DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 24(3) OF SEBI (ICDR) REGULATIONS, 2018

DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992

DELAY IN MAKING REQUISITE STATUS UPDATES IN SEBI INTERMEDIARY PORTAL VIOLATING REGULATION 9A(1)(F) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR DATED 02/05/2017

DID NOT MAINTAIN STRUCTURED DIGITAL DATABASE FOR MERCHANT BANKING RELATED ACTIVITIES DURING INVESTIGATION PERIOD VIOLATING REGULATION 3(5) OF SEBI (PIT) REGULATIONS, 2015   		IMPOSED PENALTY RS.7,00,000

28-JUN-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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