| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 381 |
|
RUCHI INFRASTRUCTURE LTD.
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997 TO 30-MAR-1998
19-DEC-1997
|
|
| 382 |
|
|
RUSODAY & CO.LTD.
|
|
|
DID NOT EXERCISE DUE CARE & DILIGENCE IN PUBLIC ISSUE OF V.R.MATHUR MASS COMMUNICATIONS LTD.
VIOLATED SEBI CODE OF CONDUCT
|
LAUNCHED CRIMINAL PROSECUTION
03-SEP-2001
|
COMPANY LAW BOARD VIDE ITS ORDER DATED 06/12/2005 CONFIRMED THAT OFFENCES UNDER SECTION 63 AND 68 OF THE COMPANIES ACT, 1956 HAVE BEEN COMPOUNDED AND COMPOUNDING FEE OF RS.45,000.00 HAS BEEN REMMITTED BY THE APPLICANTS ON 28/11/2005
|
| 383 |
|
|
S.C.KABRA & ASSOCIATES
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 384 |
|
|
S.K.CHADHA
|
|
|
|
KUKU MOTOR FINANCE LTD.
|
|
ALLOTTED SHARES WITHOUT RECEIVING APPLICATION MONEY IN PUBLIC ISSUE OF NATURAL EXPO AGRO INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN PUBLIC ISSUE OF NATURAL EXPO AGRO INDUSTRIES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 26-APR-2007 TO 25-OCT-2007
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 26-APR-2007 TO 25-OCT-2007
26-APR-2007
|
|
| 385 |
|
|
S.N.ANANTHASUBRAMANIAN & CO.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1999
26-MAR-1999
|
|
| 386 |
|
|
S.N.FINANCE LTD.
|
|
|
DID NOT APPLY FOR RENEWAL OF REGISTRATION
REGISTRATION EXPIRED
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 30-NOV-1998
28-DEC-1998
|
|
| 387 |
|
|
SAFFRON CAPITAL ADVISORS PVT.LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE WHILE ENSURING VERACITY AND ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS IN RESPECT TO UTILIZATION OF BRIDGE LOAN OF RS.20 CRORES FROM UNION BANK OF INDIA VIOLATING 60(7)(A) AND 64(1) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF IPO OF ACROPETAL TECHNOLOGIES LTD.
DID NOT EXERCISE DUE DILIGENCE WHILE ENSURING VERACITY AND ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS IN RESPECT TO UTILIZATION OF BRIDGE LOAN OF RS.20 CRORES FROM UNION BANK OF INDIA VIOLATING CLAUSES 1 TO 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN UNDER SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF IPO OF ACROPETAL TECHNOLOGIES LTD.
|
IMPOSED PENALTY RS.5,00,000
18-DEC-2020
|
SAT: SAT VIDE ITS ORDER DATED 12/03/2021 CONDONED THE DELAY OF 15 DAYS IN FILING OF APPEAL AND ALLOWED THE APPLICATION. DIRECTED RESPONDENT THREE WEEKS TIME TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. MATTER TO BE LISTED FOR ADMISSION AND FINAL DISPOSAL ON 03/05/2021
|
| 388 |
|
|
SAJJAN KANODIA & CO.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1998
26-FEB-1999
|
|
| 389 |
|
|
SAJJAN KANODIA & CO.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998
15-JUN-1998
|
|
| 390 |
|
|
SANJAY CHOKSI
|
|
|
|
JOLLY LEASING & FINSTOCK LTD.
|
|
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
|
|
| 391 |
|
|
SANJAY DEWAN
|
|
|
|
ALMONDZ GLOBAL SECURITIES LTD.
|
|
DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS
DID NOT EXERCISE DUE DILIGENCE IN IPO OF PG ELECTROPLAST LTD.
DID NOT EXERCISE DUE DILIGENCE IN IPO OF BHARTIYA GLOBAL INFOMEDIA 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 SEBI TO PASS APPROPRIATE ORDER WITHIN A PERIOD OF TWO WEEKS FROM THE DATE OF THIS ORDER. IN CASE NO SUCH ORDER IS PASSED EX-PARTE INTERIM ORDER SHALL STAND VACATED. NO COSTS
SEBI VIDE ITS ORDER DATE 11/09/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
SEBI VIDE ITS ORDER DATED 03/03/2014 PROHIBITED NOTICEES FROM TAKING UP ANY NEW ASSIGNMENT OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPOS, FOLLOW-ON ISSUES ETC. IN SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR A PERIOD OF SIX MONTHS FROM THE DATE OF THIS ORDER. FURTHER DURING THIS PERIOD NOTICEES SHALL NOT TAKE ANY ASSIGNMENT OR INVOLVEMENT IN BUY-BACKS, OPEN OFFERS OR DELISTING OF SECURITIES
SEBI VIDE ITS ORDER DATED 21/03/2014 PROHIBITED NOTICEES FROM TAKING UP ANY NEW ASSIGNMENT OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPOS, FOLLOW-ON ISSUES ETC. IN SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR A PERIOD OF FIVE YEARS FROM THE DATE OF THIS ORDER. FURTHER DURING THIS PERIOD NOTICEES SHALL NOT TAKE ANY ASSIGNMENT OR INVOLVEMENT IN BUY-BACKS, OPEN OFFERS OR DELISTING OF SECURITIES. PERIOD OF PROHIBITION ALREADY UNDERGONE SHALL BE TAKEN INTO ACCOUNT FOR THE PURPOSE OF COMPUTING THE PERIOD OF PROHIBITION
SEBI VIDE ITS ORDER DATE 21/09/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
SEBI VIDE ITS ORDER DATED 11/04/2014 SUSPENDED CERTIFICATE OF REGISTRATION FOR A PERIOD OF SIX MONTHS, WHICH SHALL RUN CONCURRENTLY WITH, THE DIRECTIONS ISSUED VIDE ITS ORDER DATED 03/03/2014
SAT: APPEAL DISMISSED AS INFRUCTUOUS
SAT: SAT VIDE ITS ORDER DATED 13/05/2016 QUASHED REMNANT PUNISHMENT IMPOSED VIDE IMPUGNED ORDER DATED 03/03/2014. APPEAL PARTLY ALLOWED. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 13/05/2016 QUASHED REMNANT PUNISHMENT IMPOSED VIDE IMPUGNED ORDER DATED 21/03/2014. THUS, APPEAL NOS.275, 276, 301 OF 2014 AND 207 OF 2015 ARE PARTLY ALLOWED. NO COSTS
|
| 392 |
|
|
SANMAC MOTOR FINANCE LTD.
|
|
|
DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 09-MAR-1998
19-DEC-1998
|
|
| 393 |
|
|
SARALYA FINANCIAL SERVICES LTD.
|
|
|
DID NOT APPLY FOR RENEWAL OF REGISTRATION
REGISTRATION EXPIRED
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-AUG-1998
06-OCT-1998
|
|
| 394 |
|
|
SARALYA FINANCIAL SERVICES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 23-JUL-1998
27-JUL-1998
|
|
| 395 |
|
|
SARTHI CAPITAL ADVISORS PVT.LTD.
(PAN:AARCS6417P)
|
|
|
DID NOT MAKE DISCLOSURE OF DEVIATION IN UTILIZATION OF FUNDS BY VIVO COLLABORATION SOLUTIONS LTD.
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
|
IMPOSED PENALTY RS.15,00,000
22-MAR-2024
|
|
| 396 |
|
|
SB CAPITAL CONSULTANTS PVT.LTD.
|
|
|
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR CHANGE IN CONTROL IN TERMS OF PROVISIONS OF REGULATION 9A(1) (A) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992, CLAUSE 3 OF CODE OF CONDUCT AS SPECIFIED UNDER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR CIR/MIRSD/14/2011 DATED 02/08/2011
|
IMPOSED PENALTY RS.1,00,000
29-SEP-2016
|
|
| 397 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
ALLEGED VIOLATION OF CLAUSES 3, 4 AND 6 OF CODE OF CONDUCT UNDER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF REGULATION 20(9) OF SEBI TAKEOVER CODE, 1997
ALLEGED VIOLATION OF CLAUSES 5.4.3.1, 7.3.1, 7.4.1, 7.7.1, 11.2(XXIII),11.3.6,16.2.2.2 OF CODE OF CONDUCT UNDER REGULATION 13 OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
16-MAR-2012
|
|
| 398 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
DID NOT MAKE DISCLOSURE IN RHP REGARDING REJECTION OF PROPOSAL OF FOREST DIVERSION OF ITS IRON ORE MINE BY MINISTRY OF ENVIRONMENT AND FOREST (MOEF) VIOLATING REGULATION 57(1), 57(2) (A) (II) AND 64 (1) OF SEBI (ICDR REGULATIONS), 2009 AND REGULATION 13 OF THE MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF IPO OF ELECTROCSTEEL CASTINGS LTD.
|
IMPOSED PENALTY RS.50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 14/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.50 LACS FROM RS.1.0 CRORE TO BE PAID JOINTLY AND SEVERALLY BY THE APPELLANTS
|
| 399 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
ALLEGED FAILURE IN MAKING DISCLOSURE OF VITAL INFORMATION IN OFFER DOCUMENT FOR PURCHASE OF 6,25,000 EQUITY SHARES OF KAR MOBILES LTD.VIOLATING REGULATIONS 16(XIX),24(4) AND 24(5) OF SEBI TAKEOVER CODE, 1997
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
11-FEB-2010
|
|
| 400 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
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.”
|
| 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 20 of 25
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