| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 221 |
|
JM FINANCIAL CONSULTANTS PVT.LTD.
|
|
|
ALLEGED FAILURE IN FOLLOWING CODE OF CONDUCT PRESCRIBED FOR MERCHANT BANKERS AS PER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN EXERCISING DUE DILIGENCE AND FURNISHING OF DUE DILIGENCE CERTIFICATE VIOLATING CLAUSES 5.1,5.3.3.1,11.3.5(V)(A) OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES 2000
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
25-AUG-2009
|
|
| 222 |
|
|
JM FINANCIAL LTD.
(PAN:AAACJ2590B)
|
|
|
LOANS EXTENDED DISPROPORTIONATE TO DECLARED INCOME
IN CERTAIN LOAN DOCUMENTS THERE WAS REFERENCE TO MASTER LOAN AGREEMENT WITH FUTURE DATES
LACKED OF RECEIPT OF UPFRONT MARGIN FROM CERTAIN APPLICANTS
1016 APPLICANTS WHO HAD AVAILED FUNDING FROM JMFPL-NBFC NOT ONLY SOLD THE SECURITIES BACK TO JMFPL-NBFC BUT ALSO TRANSFERRED ENTIRE AMOUNT INCLUDING PRINCIPAL AMOUNT, ACCRUED INTEREST AND TRADING GAINS TO JMFPL-NBFC
|
BARRED FROM TAKING ANY NEW MANDATE FOR ACTING AS LEAD MANAGER FOR ANY PUBLIC ISSUE OF DEBT SECURITIES FROM 07-MAR-2024 UNTIL FURTHER ORDERS
07-MAR-2024
|
SEBI VIDE ITS ORDER DATED 20/06/2024 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 07/03/2024 DIRECTING NOT TO ACT AS LEAD MANAGER IN ANY PUBLIC ISSUE OF DEBT SECURITIES TILL 31/03/2025 OR SUCH OTHER DATE AS MAY BE SPECIFIED BY SEBI
|
| 223 |
|
|
JM MORGAN STANLEY PVT.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
|
|
| 224 |
|
|
JM MORGAN STANLEY PVT.LTD.
|
|
|
DID NOT MAKE DISCLOSURE REGARDING OBJECTS OF THE ISSUE IN PUBLIC ANNOUNCEMENT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-FEB-2005
|
|
| 225 |
|
|
JOLLY LEASING & FINSTOCK LTD.
|
|
|
|
HITESH CHOKSI
|
|
|
SANJAY CHOKSI
|
|
|
SHAILESH SWAMY
|
|
ACCEPTED APPLICATIONS ACCOMPANIED BY ANTE-DATED STOCKINVESTS AFTER CLOSURE OF ISSUE AND ALLOTED SHARES IN PUBLIC ISSUE OF ELVIS INDIA LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-SEP-2002 TO 29-SEP-2004
16-SEP-2002
|
|
| 226 |
|
|
K M CAPITAL LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 227 |
|
|
K.BALAKRISHNAN
|
|
|
|
HSBC SECURITIES & CAPITAL MARKETS (INDIA) PVT.LTD.
|
|
VIOLATED SEBI TAKEOVER REGULATIONS IN CASE OF OPEN OFFER OF MODI RUBBER LTD.
|
NOT ACTED NEGLIGENTLY WARRANTING IMPOSITION OF PENALTY
09-DEC-2003
|
|
| 228 |
|
|
KALANI INDUSTRIES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1998
20-AUG-1998
|
|
| 229 |
|
|
KAMDAR DESAI & PATEL
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 230 |
|
|
KARN MERCHANT BANKERS LTD.
(PAN:AACCK6859L)
|
|
|
DID NOT EXERCISE DUE DILIGENCE RESULTED IN WRONG OR NON DISCLOSURE OF ACCURATE SHAREHOLDING VIOLATING REGULATION 13 OF MERCHANT BANKERS REGULATIONS READ WITH CLAUSES 4, 7, 10 AND 20 OF CODE OF CONDUCT OF MERCHANT BANKERS REGULATIONS, 1992
DID NOT SUBMIT BASIS LITIGATION DOCUMENTS AND OTHER SUPPORTING DOCUMENTS SEEKING CLARIFICATION/EXPLANATION FROM ISSUER VIOLATING REGULATION 14(1) (E) OF MERCHANT BANKERS REGULATIONS, 1992
DID NOT EXERCISE DUE DILIGENCE RESULTED IN WRONG OR NON DISCLOSURE OF ACCURATE SHAREHOLDING VIOLATING REGULATION 64(1) OF MERCHANT BANKERS REGULATIONS, 1992
|
IMPOSED PENALTY RS.25,00,000
29-DEC-2017
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 21/07/2025 DIRECTED TO PAY RS.48,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 21/07/2025 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 231 |
|
|
KARNATAKA FINANCIAL SERVICES LTD.
|
|
|
DID NOT APPLY FOR RENEWAL OF REGISTRATION
REGISTRATION EXPIRED
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-AUG-1998
06-OCT-1998
|
|
| 232 |
|
|
KARTIK KIRTIKUMAR PAREKH
(DIN:00009502)
|
|
|
|
ADANI AGRO PVT.LTD.
|
|
|
ADANI IMPEX PVT.LTD.
CIN:U51100GJ1998PTC034758
|
|
|
ADANI PROPERTIES PVT.LTD.
|
|
|
CLASSIC CREDIT LTD.
PAN:AABCC4018N
|
|
|
CLASSIC INFIN LTD.
|
|
|
CLASSIC SHARE & STOCK BROKING SERVICES LTD.
CIN:U67120WB1993PLC060799
(Member : BSE/NSE/CSE/OTC)
|
|
|
NH SECURITIES LTD.
PAN:AAACS7140Q
(Member : BSE/NSE)
|
|
|
PANTHER FINCAP & MANAGEMENT SERVICES LTD.
PAN:AAACP3045P
|
|
|
PANTHER INVESTRADE LTD.
PAN:AAACP3259R
|
|
|
SAIMANGAL INVESTRADE LTD.
PAN:AABCS4255R
|
|
|
TRIUMPH INTERNATIONAL FINANCE INDIA LTD.
PAN:AAACE0308A
|
|
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SEBI ACT, 1992
VIOLATED SECTION 27 OF SEBI ACT, 1992
VIOLATED SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
DISMISSED
ACCUSED NO.2 KARTIK KIRTIKUMAR PAREKH AND ACCUSED NO.5 KETAN VINAYCHANDRA PAREKH RESPECTIVELY ARE HEREBY HELD GUILTY ARE HEREBY SENTENCED TO UNDERGO RIGOROUS IMPRISONMENT FOR THREE YEARS AND SHALL FURTHER PAY A FINE OF RS.5,00,000.00 EACH ACCUSED NO.3 NAVINCHANDRA NARBHERAM PAREKH AND ACCUSED NO.4 KIRTIKUMAR NARBHERAM PAREKH ARE HEREBY ACQUITTED
|
| 233 |
|
|
KARTIK KIRTIKUMAR PAREKH
(DIN:00009502)
|
|
|
|
CLASSIC CREDIT LTD.
PAN:AABCC4018N
|
|
|
CLASSIC SHARE & STOCK BROKING SERVICES LTD.
CIN:U67120WB1993PLC060799
(Member : BSE)
|
|
|
NH SECURITIES LTD.
PAN:AAACS7140Q
(Member : NSE)
|
|
|
PANTHER FINCAP & MANAGEMENT SERVICES LTD.
PAN:AAACP3045P
|
|
|
PANTHER INVESTRADE LTD.
PAN:AAACP3259R
|
|
|
TRIUMPH SECURITIES LTD.
PAN:AAACT2152P
(Member : BSE)
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF GLOBAL TRUST BANK LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF GLOBAL TRUST BANK LTD.
PARKED SHARES TO CIRCUMVENT SEBI TAKEOVER CODE, 1997
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 06-JUN-2003 TILL INVESTIGATIONS COMPLETED
06-JUN-2003
|
|
| 234 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT HAVE NECESSARY INFRASTRUCTURE AND MANPOWER TO DISCHARGE ITS ACTIVITIES AS A MERCHANT BANKER VIOLATED REGULATION 6(AA) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
INVOLVED IN LITIGATION CONNECTED WITH SECURITIES MARKET VIOLATING REGULATION 6(E) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT PAY RENEWAL FEE FOR BLOCK DECEMBER, 2022 TO DECEMBER, 2025 AS PRESCRIBED UNDER REGULATION 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 27-APR-2023 UNTIL FURTHER ORDERS
27-APR-2023
|
|
| 235 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT HAVE NECESSARY INFRASTRUCTURE AND MANPOWER TO DISCHARGE ITS ACTIVITIES AS A MERCHANT BANKER VIOLATED REGULATION 6(AA) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT HAVE IN EMPLOYMENT TWO PERSONS WITH EXPERIENCE TO CONDUCT BUSINESS OF MERCHANT BANKER VIOLATING REGULATIONS 6(AA) AND 6(B) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
INVOLVED IN LITIGATION CONNECTED WITH SECURITIES MARKET VIOLATING REGULATION 6(E) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT PAY RENEWAL FEE FOR BLOCK DECEMBER, 2022 TO DECEMBER, 2025 AS PRESCRIBED UNDER REGULATION 12(1) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-MAR-2024
28-MAR-2024
|
|
| 236 |
|
|
KARVY INVESTOR SERVICES LTD.
(PAN:AABCK2424J)
|
|
|
DID NOT ISSUE CORRIGENDUM FOR RECTIFYING ALL ERRORS IN OFFER DOCUMENT OF PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DELAY IN SUBMISSION OF CORRIGENDUM TO THE OFFER DOCUMENT TO STOCK EXCHANGE IN PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING OF CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-JUL-2023
|
|
| 237 |
|
|
KERALA STATE INDUSTRIAL DEVELOPMENT CORP.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 238 |
|
|
KETAN VINAYCHANDRA PAREKH
(DIN:00009468
PAN:AADPP1505A)
|
|
|
|
CLASSIC CREDIT LTD.
PAN:AABCC4018N
|
|
|
CLASSIC SHARE & STOCK BROKING SERVICES LTD.
CIN:U67120WB1993PLC060799
(Member : BSE)
|
|
|
KNP SECURITIES LTD.
(Member : BSE)
|
|
|
LUMINANT INVESTMENTS PVT.LTD.
PAN:AAACL0834A
|
|
|
NH SECURITIES LTD.
PAN:AAACS7140Q
(Member : NSE)
|
|
|
PANTHER FINCAP & MANAGEMENT SERVICES LTD.
PAN:AAACP3045P
|
|
|
PANTHER INVESTRADE LTD.
PAN:AAACP3259R
|
|
|
TRIUMPH SECURITIES LTD.
PAN:AAACT2152P
(Member : BSE)
|
|
INDULGED IN PRICE MANIPULATION IN SCRIP OF GLOBAL TRUST BANK LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF GLOBAL TRUST BANK LTD.
PARKED SHARES TO CIRCUMVENT SEBI TAKEOVER CODE, 1997
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 06-JUN-2003 TILL INVESTIGATIONS COMPLETED
06-JUN-2003
|
|
| 239 |
|
|
KETAN VINAYCHANDRA PAREKH
(DIN:00009468
PAN:AADPP1505A)
|
|
|
|
ADANI AGRO PVT.LTD.
|
|
|
ADANI EXPORTS LTD.
|
|
|
ADANI IMPEX PVT.LTD.
CIN:U51100GJ1998PTC034758
|
|
|
ADANI PROPERTIES PVT.LTD.
|
|
|
CHITRAKUT COMPUTERS PVT.LTD.
PAN:AABCC1122B
|
|
|
CLASSIC CREDIT LTD.
PAN:AABCC4018N
|
|
|
CLASSIC INFIN LTD.
|
|
|
CLASSIC SHARE & STOCK BROKING SERVICES LTD.
CIN:U67120WB1993PLC060799
(Member : BSE/NSE/CSE/OTC)
|
|
|
LUMINANT INVESTMENTS PVT.LTD.
PAN:AAACL0834A
|
|
|
NH SECURITIES LTD.
PAN:AAACS7140Q
(Member : BSE/NSE)
|
|
|
PANTHER FINCAP & MANAGEMENT SERVICES LTD.
PAN:AAACP3045P
|
|
|
PANTHER INVESTRADE LTD.
PAN:AAACP3259R
|
|
|
SAIMANGAL INVESTRADE LTD.
PAN:AABCS4255R
|
|
|
TRIUMPH INTERNATIONAL FINANCE INDIA LTD.
PAN:AAACE0308A
|
|
VIOLATED SEBI ACT, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 27 OF SEBI ACT, 1992
VIOLATED SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
DISMISSED
ACCUSED NO.2 KARTIK KIRTIKUMAR PAREKH AND ACCUSED NO.5 KETAN VINAYCHANDRA PAREKH RESPECTIVELY ARE HEREBY HELD GUILTY ARE HEREBY SENTENCED TO UNDERGO RIGOROUS IMPRISONMENT FOR THREE YEARS AND SHALL FURTHER PAY A FINE OF RS.5,00,000.00 EACH ACCUSED NO.3 NAVINCHANDRA NARBHERAM PAREKH AND ACCUSED NO.4 KIRTIKUMAR NARBHERAM PAREKH ARE HEREBY ACQUITTED
|
| 240 |
|
|
KEYNOTE CORPORATE SERVICES LTD.
(PAN:AAACK3234D)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN RIGHTS-CUM-PUBLIC ISSUE OF MAJESTIC INDUSTRIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
15-FEB-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 12 of 25
|
