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 : 10-SEP-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: ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

281

MANISH DALAL

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MANISH DALAL,M/S

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 04-MAY-1998

08-MAY-1998

282

MANISH DALAL

MANISH DALAL,M/S

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998

27-JUL-1998

283

MANISH DALAL,M/S

MANISH DALAL

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 04-MAY-1998

08-MAY-1998

284

MANISH DALAL,M/S

MANISH DALAL

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998

27-JUL-1998

285

MANOJ KUMAR RAMRAKHYANI

(PAN:AGFPR0472E)

CHARTERED CAPITAL & INVESTMENT LTD.

PAN:AAACC6247L

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS

DID NOT EXERCISE DUE DILIGENCE IN IPO OF RDB RASAYANS LTD.

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT AS DEBENTURE TRUSTEE OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPO, FOLLOW-ON ISSUE FROM 28-DEC-2011 TILL FURTHER ORDERS

28-DEC-2011

SAT: APPEAL DISPOSED OFF WITH A DIRECTION TO BOARD TO COMPLETE THE INVESTIGATION, QUA THE APPELLANTS, WITHIN A PERIOD OF TWO WEEKS FROM THE DATE OF THIS ORDER

SEBI VIDE ITS ORDER DATE 07/09/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011

SAT: SAT VIDE ITS ORDER DATED 25/10/2012 SET ASIDE THE IMPUGNED ORDER DATED 07/09/2012 VIDE WHICH SEBI CONFIRMED EX-PARTE AD-INTERIM ORDER DATED 31/12/2011. DIRECTED SEBI TO COMPLETE THE INVESTIGATION AND TAKE APPROPRIATE DECISION BY 31/12/2012

286

MANSUKHBHAI J.SHAH & CO.

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997

08-JAN-1998

287

MARG SECURITIES LTD.

DID NOT FULFILL UNDERWRITING OBLIGATION IN PUBLIC ISSUES OF RITESH POLYESTERS LTD.

SUSPENDED REGISTRATION AS MERCHANT BANKER FOR UNDERWRITING FROM 09-JUN-1997 TO 08-JUN-1999

09-JUN-1997

288

MARUTI SECURITIES LTD.

(PAN:AABCM3651M)

DID NOT PAY FEES TO SEBI

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 10-JUL-1998

17-JUN-1998

289

MASTER CAPITAL SERVICES LTD.

(PAN:AABCM1406A)

POSSIBLE VIOLATION OF MERCHANT BANKING REGULATION IN MATTER OF ACQUISITION OF SHARES OF POLO HOTELS LTD.

DIRECTED ENQUIRY TO BE CONDUCTED

01-AUG-2003

290

MEGA RESOURCES LTD.

(PAN:AADCM5397E)

DID NOT MAKE DISCLOSURE OF ACQUISITION OF SHARES OF THE BOMBAY DYEING & MFG.CO.LTD. WHILE ACTING IN CONCERT WITH ARUN BAJORIA

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-AUG-2001 TO 28-AUG-2002

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-AUG-2001 TO 28-AUG-2002

29-AUG-2001

SAT: APPEAL DISMISSED

291

MEGHRAJ FINANCIAL SERVICES (INDIA) PVT.LTD.

DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF OPEN OFFER OF SRP TOOLS LTD.

CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

08-NOV-2006

292

MERBANC FINANCIAL SERVICES LTD.

DID NOT VERIFY ACCEPTANCE OF LATE APPLICATIONS BY TAMILNADU MERCANTILE BANK, BVK IYENGAR ROAD BRANCH AND CANARA BANK, BHADRA BRANCH IN PUBLIC ISSUE OF RAJESH EXPORTS LTD.

MADE IRREGULAR ALLOTMENTS TO APPLICANTS WHOSE APPLICATIONS WERE RECEIVED LATE AFTER CLOSURE OF PUBLIC ISSUE OF RAJESH EXPORTS LTD.

DID NOT VERIFY REASONS FOR DIFFERENCE IN SUBSCRIPTION FIGURES IN PUBLIC ISSUES OF RAJESH EXPORTS LTD.

DIRECTED LAPSES TO BE TAKEN ON RECORD FOR REVIEWING RENEWAL APPLICATION

21-JAN-2003

293

MEWAR LEASING LTD.

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-OCT-1998

08-OCT-1998

294

MOHIB NOMAN KHERICHA

(PAN:AGMPK8152H)

CHARTERED CAPITAL & INVESTMENT LTD.

PAN:AAACC6247L

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS

DID NOT EXERCISE DUE DILIGENCE IN IPO OF RDB RASAYANS LTD.

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT AS DEBENTURE TRUSTEE OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPO, FOLLOW-ON ISSUE FROM 28-DEC-2011 TILL FURTHER ORDERS

28-DEC-2011

295

MONEYVISION CONSULTANTS PVT.LTD.