| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 441 |
|
SUSHANT CAPITALS LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-DEC-1997
08-JAN-1998
|
|
| 442 |
|
|
SWARAJ SHARES & SECURITIES PVT.LTD.
(PAN:AAGCS8286D)
|
|
|
DID NOT EXERCISE PROPER DUE DILIGENCE IN CERTAIN TAKEOVER TRANSACTIONS
DID NOT MAKE DISCLOSURE OF DESIGNATED EMAIL ADDRESS FOR INVESTOR GRIEVANCE ON ITS WEBSITE
DID NOT UPLOAD MONTHLY COMPLAINTS DATA ON ITS WEBSITE
DISCREPANCIES IN PERIODIC REPORTS
DID NOT DISPLAY INFORMATION REGARDING INVESTOR GRIEVANCE REDRESSAL MECHANISM AT ITS OFFICE OFFICES
DID NOT MAINTAIN DESIGNATED EMAIL ADDRESS
DID NOT IDENTIFY AND DESIGNATE A COMPLIANCE OFFICER
DID NOT INCLUDE ITS SUPPORT STAFF IN THE LIST OF DESIGNATED PERSONS
DID NOT MAKE TIMELY ENTRIES IN THE STRUCTURED DIGITAL DATABASE WITH RESPECT TO OPEN OFFERS HANDLED BY THEM
DID NOT INTIMATE SEBI IN CHANGES IN POSITIONS OF DIRECTOR, KEY MANAGERIAL POSITION AND COMPLIANCE OFFICER THROUGH SEBI INTERMEDIARIES PORTAL
CREATED FALSE RECORDS AND SUBMITTED FABRICATED DOCUMENTS TO INSPECTION TEAM
DID NOT REPORT INVESTOR COMPLAINTS AND UNABLE TO PROVIDE ANY SUPPORTING DOCUMENTS WITH RESPECT TO REDRESSAL OF COMPLAINTS
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 19-AUG-2025 TO 18-NOV-2025
19-AUG-2025
|
SAT: SAT VIDE ITS ORDER DATED 01/09/2025 PARTLY ALLOWED THE APPEAL BY REDUCING SUSPENSION PERIOD TO ONE MONTH FROM THREE MONTHS. DIRECTED NOT TO ON BOARD NEW CLIENTS FOR TWO MONTHS FROM DATE OF EXPIRY OF SUSPENSION PERIOD. NO COSTS
|
| 443 |
|
|
SWARAJ SHARES & SECURITIES PVT.LTD.
(PAN:AAGCS8286D)
|
|
|
DID NOT MAKE DISCLOSURE TO SEBI AND/OR INVESTORS ABOUT SUBSISTING BSE RESTRAINT ORDER AGAINST G.D.TRADING & AGENCIES LTD. IN RELATION TO FIRST OPEN OFFER BY MS.IRA RAMESH MISHRA VIOLATING REGULATIONS 27(2), 27(3) AND 27(5) OF SAST REGULATIONS, 2011
MADE WRONG STATEMENT AND SUPPRESSED MATERIAL FACT IN DOCUMENTS FURNISHED TO SEBI VIOLATING REGULATION 13 READ WITH CLAUSES1, 3, 4, 6, 7 AND 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT ASSESS LEGAL VALIDITY AND REGULATORY PERMISSIBILITY OF TRIGGERING TRANSACTION VIOLATING REGULATION 13 READ WITH CLAUSES 1, 3, 4, 6, 7 AND 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT EXERCISE DUE DILIGENCE, ENSURE PROPER CARE, EXERCISE INDEPENDENT PROFESSIONAL JUDGMENT IN RESPECT OF DISCREPANCIES IN ADDENDUM TO RTA AGREEMENT VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT ENSURE THAT OFFER DOCUMENT IN IPO OF SHOORA DESIGNS LTD. NOT CONTAIN FORWARD-LOOKING STATEMENTS INCAPABLE OF SUBSTANTIATION VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT VERIFY CORRECTNESS AND ADEQUACY OF DISCLOSURES IN PROSPECTUS OF SHOORA DESIGNS LTD. RELATING TO BASIS OF ISSUE PRICE AND APPLICABLE KEY INDUSTRY REGULATIONS & POLICIES VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT EXERCISE DUE DILIGENCE, ENSURE PROPER CARE, EXERCISE INDEPENDENT PROFESSIONAL JUDGMENT, SATISFY ITSELF AS TO GENUINENESS OF WORKING CAPITAL OBJECT & DISCREPANCIES IN UNDERWRITING AGREEMENT AND VERACITY & ADEQUACY OF DISCLOSURES MADE IN OFFER DOCUMENTS VIOLATING REGULATION 245(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT ENSURE THAT OFFER DOCUMENT IN IPO OF SHOORA DESIGNS LTD. NOT CONTAIN FORWARD-LOOKING STATEMENTS INCAPABLE OF SUBSTANTIATION VIOLATING REGULATIONS 245(2)(B) AND 245(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT VERIFY CORRECTNESS AND ADEQUACY OF DISCLOSURES IN PROSPECTUS OF SHOORA DESIGNS LTD. RELATING TO BASIS OF ISSUE PRICE AND APPLICABLE KEY INDUSTRY REGULATIONS & POLICIES VIOLATING REGULATION 245(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT IMPLEMENT AND MAINTAIN STRUCTURED DIGITAL DATABASE, SEPARATE RESTRICTED LIST AND DOCUMENTS EVIDENCING PERIODIC REVIEW OF INTERNAL CONTROLS AND CHECKS VIOLATING REGULATIONS 3(4) AND 3(5) READ WITH SCHEDULE C AND REGULATION 9A OF SEBI (PIT) REGULATIONS, 2015
|
IMPOSED PENALTY RS.10,00,000
28-OCT-2026
|
|
| 444 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
|
|
|
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.3,00,000
12-MAR-2024
|
|
| 445 |
|
|
SYNCHROFIN SERVICES PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1998
20-AUG-1998
|
|
| 446 |
|
|
SYNERGY FINANCIAL SERVICES PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JUL-1998
27-AUG-1998
|
|
| 447 |
|
|
SYSTEMATIX CORPORATE SERVICES LTD.
(PAN:AAGCS3420D)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 24(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DELAY IN MAKING REQUISITE STATUS UPDATES IN SEBI INTERMEDIARY PORTAL VIOLATING REGULATION 9A(1)(F) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR DATED 02/05/2017
DID NOT MAINTAIN STRUCTURED DIGITAL DATABASE FOR MERCHANT BANKING RELATED ACTIVITIES DURING INVESTIGATION PERIOD VIOLATING REGULATION 3(5) OF SEBI (PIT) REGULATIONS, 2015
|
IMPOSED PENALTY RS.7,00,000
28-JUN-2024
|
|
| 448 |
|
|
TAMILNADU FINANCE LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 09-SEP-1998 TO 31-OCT-1998
09-SEP-1998
|
|
| 449 |
|
|
TAMILNADU INDUSTRIAL INVESTMENT CORP.LTD.,THE
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 30-APR-1998
09-JUN-1998
|
|
| 450 |
|
|
TARAL FINANCIAL CONSULTANTS PVT.LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1999
26-MAR-1999
|
|
| 451 |
|
|
TDS SECURITIES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 08-JUN-1998
10-JUN-1998
|
|
| 452 |
|
|
TEDCO INVESTMENT & FINANCIAL SERVICES PVT.LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 24-JUN-1998
26-JUN-1998
|
|
| 453 |
|
|
THOMAS JAMES & ASSOCIATES
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 30-APR-1998
09-JUN-1998
|
|
| 454 |
|
|
TIMEGUARD MANAGEMENT & FINANCIAL SERVICES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 04-AUG-1998 TILL THE REMAINING PERIOD OF REGISTRATION
11-AUG-1998
|
|
| 455 |
|
|
TIPSONS CONSULTANCY SERVICES PVT.LTD.
(PAN:AADCT6508J)
|
|
|
ASSOCIATED WITH ISSUE OF U GRO CAPITAL LTD. PRIOR TO ITS APPOINTMENT AS MERCHANT BANKER
DELAY IN FILING OF DRAFT OFFER DOCUMENT WITH STOCK EXCHANGES
DID NOT CHECK WHETHER ANY FINES/PENALTIES WERE LEVIED BY STOCK EXCHANGES ON WATCHOUT INVESTORS WEBSITE
|
IMPOSED PENALTY RS.3,00,000
22-APR-2024
|
|
| 456 |
|
|
TITAN SECURITIES LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1999
26-MAR-1999
|
|
| 457 |
|
|
TITAN SECURITIES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 29-SEP-1998 TO 28-FEB-1999
29-SEP-1998
|
|
| 458 |
|
|
TRANS FINANCIAL RESOURCES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JUL-1998
27-AUG-1998
|
|
| 459 |
|
|
TRANSCORP FINANCE LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 25-JUN-1998
06-JUN-1998
|
|
| 460 |
|
|
TRC FINANCIAL SERVICES LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 17-JUN-1998
23-JUN-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 23 of 25
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