| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 421 |
|
SIDH GLOBAL EQUITY FUND LTD.
|
|
|
COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF BARODA AGRO INDUSTRIES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
REGISTRATION EXPIRED
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 23-APR-2004 TO 22-APR-2007
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 23-APR-2004 TO 22-APR-2007
23-APR-2004
|
|
| 422 |
|
|
SKI CAPITAL SERVICES LTD.
(PAN:AAACS4864K)
|
|
|
DID NOT INDEPENDENTLY EXERCISE DUE DILIGENCE OF ALL DISCLOSURES IN PRIVATE PLACEMENT MEMORANDUM (PPM), SATISFY ITSELF W.R.T. VERACITY AND ADEQUACY OF DISCLOSURES AND MADE INCORRECT SUBMISSION TO SEBI WITHOUT VERIFYING THE FACTS PERTAINING TO DISCIPLINARY HISTORY OF THE FUND MANAGER
|
IMPOSED PENALTY RS.3,00,000
28-NOV-2024
|
|
| 423 |
|
|
SMC CAPITALS LTD.
(PAN:AABCS3706R)
|
|
|
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
|
SAT: SAT VIDE ITS ORDER DATED 13/10/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
|
| 424 |
|
|
SMIFS CAPITAL MARKETS LTD.
|
|
|
|
UTSAV PAREKH
|
|
VIOLATION BY SMIFS SECURITIES LTD. OF SEBI(PROHIBITION OF FRAUDULENT & UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS IN THE CASE OF DSQ SOFTWARE LTD.AND SOUTH EAST ASIA MARINE ENGINEERING & CONSTRUCTION LTD.
IRREGULARITIES BY SMIFS SECURITIES LTD. IN ISSUANCE OF CONTRACT NOTES, NON-SEGREGATION OF CLIENT/OWN FUNDS ETC.
IRREGULARITIES IN TAKEOVER DIRECTIVES/INSTRUCTIONS/GUIDELINES IN MATTER OF BSL LTD. LEADING TO A CONSOLIDATED PENALTY OF RS.3 CRORE ON SMIFS CAPITAL MARKET LTD. AND ITS ASSOCIATES
ADMINISTRATIVE WARNING TO SMIFS CAPITAL MARKET LTD. IN THE MATTER OF KHSL INDUSTRIES LTD.
|
REJECTED APPLICATION FOR RENEWAL OF REGISTRATION AS MERCHANT BANKER
06-AUG-2004
|
SAT: IMPUGNED ORDER SET ASIDE AND DIRECTED SEBI TO RECONSIDER MATTER IN LIGHT OF AFFIDAVIT FILED BY APPLICANT AND IN THE LIGHT OF NEW POLICY
REJECTED APPLICATION DATED 10/12/2008 FOR RENEWAL OF CERTIFICATE OF REGISTRATION AS A MERCHANT BANKER AND DIRECTED TO STOP CARRYING ON THE ACTIVITIES AS A MERCHANT BANKER WITH IMMEDIATE EFFECT
SAT: APPEAL DISMISSED AS WITHDRAWN
|
| 425 |
|
|
SOLOMON RAJ
|
|
|
|
HINDUJA TMT LTD.
|
|
IRREGULARITIES IN RIGHTS ISSUE OF SUBHASH PROJECTS & MARKETING LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 11-JAN-2003 TO 10-JAN-2005
11-JAN-2003
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 426 |
|
|
SOUBHAGYA INVESTMENT CONSULTANTS
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 427 |
|
|
SPA CAPITAL ADVISORS LTD.
|
|
|
DEFAULTED OF INR 24.19 CRORE AND DECLARED AS WILFUL DEFAULTER BY LAKSHMI VILAS BANK LTD. (NOW DBS BANK INDIA LTD.)
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 24-AUG-2022 TILL OBTAINS CERTIFICATE FROM LAKSHMI VILLAS BANK
DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET FROM 24-AUG-2022 TILL OBTAINS CERTIFICATE FROM LAKSHMI VILLAS BANK
24-AUG-2022
|
|
| 428 |
|
|
STANDARD CAPITAL MARKETS LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1998
26-FEB-1999
|
|
| 429 |
|
|
STATE BANK OF INDORE
|
|
|
IN THE CASE OF SAKET EXTRUSIONS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUL-2002
|
|
| 430 |
|
|
STATE BANK OF MAURITIUS LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 431 |
|
|
STELLAR EQUITY MANAGEMENT SERVICES PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1998
20-AUG-1998
|
|
| 432 |
|
|
STI FINANCE 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
|
| 433 |
|
|
STI FINANCE LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-MAY-1998
09-JUN-1998
|
|
| 434 |
|
|
SUNFLEX FINANCE & INVESTMENTS LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 435 |
|
|
SUNIDHI CONSULTANCY SERVICES LTD.
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
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 31-DEC-2002 TILL INVESTIGATION COMPLETED
31-DEC-2002
|
INTERIM ORDER DATED 31/12/2002 REVOKED BY SEBI
|
| 436 |
|
|
SUNIL C.GANDHI
|
|
|
|
SUNIL C.GANDHI,M/S
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998
27-JUL-1998
|
|
| 437 |
|
|
SUNIL C.GANDHI,M/S
|
|
|
|
SUNIL C.GANDHI
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998
27-JUL-1998
|
|
| 438 |
|
|
SUNRISE SECURITIES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 439 |
|
|
SURAJ PAL SHARMA
|
|
|
|
HOFFLAND FINANCE LTD.
(Member : BGSE/JSE)
|
|
VIOLATED SEBI ACT, 1992
VIOLATED SECTION 26 OF SEBI ACT, 1992
VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM.
DURING THE TRIAL A21 (SHRI ASHOK KUMAR KOHLI) HAD EXPIRED, THEREFORE, PROCEEDINGS QUA HIM WAS ABATED. ACCUSED NO.20 (M/S EVERGROW FINANCIAL SERVICES PVT.LTD.) AND A22 ( SHRI PRADEEP SHARMA) FACED THE TRIAL AND THEY REMAINING ACCUSED WERE DECLARED POS. THE CAPTIONED MATTER WAS POSTED BEFORE THE LD. COURT ON JULY 30, 2012 FOR PRONOUNCEME NT OF JUDGMENT. AFTER RECORDING ITS REASONS THE COURT HELD THAT SEBI COULD NOT PROVE ITS CASE AGAINST A20 AND A22 BEYOND THE SHADOW OF ALL REASONABLE DOUBTS, AND THEREBY ACQUITTED A20 AND A22
|
| 440 |
|
|
SURAJ SECURITIES & FINANCE LTD.
|
|
|
DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 01-APR-1998
28-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 22 of 25
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