| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 201 |
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 202 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
|
|
|
ALLEGED SUBMISSION OF QUESTIONABLE SITE VISIT REPORTS
ALLEGED FAILURE TO UNDERTAKE DUE DILIGENCE TO ENSURE THAT OBJECT OF THE ISSUE WAS SUPPORTED BY DOCUMENTARY EVIDENCE
ALLEGED INDULGENCE OF CONTRADICTORY STATEMENT IN DRHP AND NEWS ARTICLE WITH RESPECT TO ONE OF THE OBJECTS OF THE ISSUE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.69,82,500 VIDE CONSENT ORDER)
20-AUG-2024
|
|
| 203 |
|
|
IDBI CAPITAL MARKET SERVICES LTD.
(PAN:AAACI1268F)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 204 |
|
|
IFB SECURITIES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 205 |
|
|
IL&FS MERCHANT BANKING SERVICES LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE IN PUBLIC ISSUE OF BALAJI TELEFILMS LTD.
VIOLATED OF CLAUSE 2 OF THE CODE OF CONDUCT LAID DOWN IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS 1992
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-MAY-2002
|
|
| 206 |
|
|
IMPERIAL CORPORATE FINANCE & SERVICES PVT.LTD.
|
|
|
|
R.KANNAN
|
|
|
V.K.NAIK
|
|
DID NOT EXERCISE DUE CARE & DILIGENCE IN RIGHTS ISSUE OF GAMMON INDIA LTD.
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-MAY-2003 TO 22-MAY-2003
10-APR-2003
|
SAT: IMPUGNED ORDER AND ORDER PASSED BY ENQUIRY OFFICER SET ASIDE, NO ORDER AS TO COSTS
|
| 207 |
|
|
INDO PACIFIC SECURITIES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 12-AUG-1998
17-AUG-1998
|
|
| 208 |
|
|
INDO-CASTLE FINANCE LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-SEP-1998
27-NOV-1998
|
|
| 209 |
|
|
INDO-CASTLE FINANCE LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 09-SEP-1998
16-OCT-1998
|
|
| 210 |
|
|
INFIN EQUITY SERVICES PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 211 |
|
|
INTENSIVE FISCAL SERVICES PVT.LTD.
(PAN:AAACI2540J)
|
|
|
ALLEGED VIOLATION OF REGULATION 64(1) OF (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 IN MATTER OF INVENTURE GROWTH & SECURITIES LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.44,05,763 VIDE CONSENT ORDER)
05-NOV-2018
|
|
| 212 |
|
|
INTER CORPORATE FINANCIERS & CONSULTANTS LTD.
|
|
|
DID NOT PAY ANNUAL REGISTRATION FEES VIOLATING REGULATIONS 9A AND 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-MAR-2020
31-MAR-2020
|
|
| 213 |
|
|
INTER STATE FINANCE LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-MAY-1998
09-JUN-1998
|
|
| 214 |
|
|
INTERACT LEASING & FINANCE LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-OCT-1998
08-OCT-1998
|
|
| 215 |
|
|
INTERNATIONALE NEDERLANDEN BANK
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 216 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
DID NOT PRODUCE SEPARATE LEGAL CERTIFICATE FOR SME IPO OF AANCHAL ISPAT LTD. DURING INSPECTION VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT PROVIDE WEBPAGE/WEBLINK OF ITS TRACK RECORD OF PUBLIC ISSUES MANAGED DURING TIME OF IPOS OR EVEN DURING TIME OF INSPECTION VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT SUBMIT HALF YEARLY PERIODIC REPORTS FOR HALF YEAR ENDING SEPTEMBER 2015 AND MARCH 2015 VIOLATING REGULATIONS 57(1) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT EXERCISE DUE DILIGENCE WHILE DISCLOSING OUTSTANDING LOAN LIABILITY OF GROUP COMPANY IN PROSPECTUS OF AANCHAL ISPAT LTD. VIOLATING REGULATION 28(2) AND CLAUSES 4, 6 AND 20 OF CODE OF CONDUCT PRESCRIBED UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
28-JAN-2020
|
|
| 217 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
DID NOT ENSURE PROPER DUE DILIGENCE REGARDING ESTIMATION OF WORKING CAPITAL REQUIREMENT IN SME – IPO
DID NOT CONDUCT DUE DILIGENCE, ENSURE PROPER CARE AND EXERCISE AS INDEPENDENT PROFESSIONAL JUDGEMEN
DELAY IN SUBMISSION OF HALF-YEARLY REPORT
DID NOT UPDATE TRACK RECORD ON THE WEBSITE AND IN TURN FALSELY SUBMITTED TO SEBI ABOUT SUBMISSION OF THE SAME
|
IMPOSED PENALTY RS.7,00,000
07-NOV-2023
|
|
| 218 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
TRANSFERRED FUNDS TO THIRD PARTIES IN GUISE OF ISSUE RELATED EXPENSES ON INSTRUCTION OF LEAD MANAGER, MUCH HIGHER THAN ISSUE RELATED EXPENSES DISCLOSED IN PROSPECTUS VIOLATING REGULATION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VARYAA CREATIONS LTD.
|
DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET FROM 14-MAY-2025 UNTIL FURTHER ORDERS
DIRECTED TO APPOINT A MONITORING AGENCY TO MONITOR USE OF PROCEEDS IRRESPECTIVE OF ISSUE SIZE
14-MAY-2025
|
SEBI VIDE ITS ORDER DATED 29/12/2025 VACATED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 14/05/2025
SAT: SAT VIDE ITS ORDER DATED 19/01/2026 DISMISSED THE APPEAL AS INFRUCTUOUS. NO COSTS
|
| 219 |
|
|
INVESTRIX FINANCIAL SERVICES PVT.LTD.
(CIN:U65990MH1995PTC088492)
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUL-1998
27-AUG-1998
|
|
| 220 |
|
|
J.J.CHAUDHARI & CO.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 04-MAY-1998
08-MAY-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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| Page 11 of 25
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