| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
ARYAN CAPITAL SERVICES PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1998
20-AUG-1998
|
|
| 42 |
|
|
ASHIKA CAPITAL LTD.
(PAN:AADCA4563C
CIN:U30009WB2000PLC091674)
|
|
|
DID NOT MAKE DISCLOSURE OR MADE WRONG DISCLOSURE IN RHP/PROSPECTUS VIOLATING REGULATION 60(7)(A) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF SUDAR INDUSTRIES LTD.
DID NOT EXERCISE DUE DILIGENCE WITH RESPECT TO DISCLOSURE MADE IN RHP/PROSPECTUS VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF SUDAR INDUSTRIES LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF SUDAR INDUSTRIES LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4,6,7 AND 21 OF SCHEDULE III OF CODE OF CONDUCT OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS FROM 17-MAR-2021 TO 16-JUN-2021
DIRECTED TO DISCLOSE CONTENTS OF SEBI’S DIRECTIONS ON ITS WEBSITE(S) IMMEDIATELY
17-MAR-2021
|
|
| 43 |
|
|
ASHIKA CAPITAL LTD.
(PAN:AADCA4563C
CIN:U30009WB2000PLC091674)
|
|
|
INDULGED IN SIPHONING OFF FUNDS RS.64.43 CRORES OF IPO PROCEEDS IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF SUDAR INDUSTRIES LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4,6,7 AND 21 OF SCHEDULE III OF CODE OF CONDUCT OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
06-APR-2020
|
|
| 44 |
|
|
ATHERSTONE CAPITAL MARKETS LTD.
(PAN:AAGCA1449J)
|
|
|
|
GURUNATH MUDLAPUR
|
|
|
RANJAN AGARWAL
|
|
DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS
DID NOT EXERCISE DUE DILIGENCE IN IPO OF ONELIFE CAPITAL ADVISORS 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
|
SEBI VIDE ITS ORDER DATED 16/01/2013 CONFIRMED ITS DIRECTIONS ISSUED IN PARAGRAPHS 14.3, 14.4, 14.5, 14.6, 14.8 AND 14.9 OF EX-PARTE ORDER DATED 28/12/2011 READ WITH ORDER DATED 15/02/2012
|
| 45 |
|
|
ATHERSTONE CAPITAL MARKETS LTD.
(PAN:AAGCA1449J)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATIONS 64(1), 8(2) (B), (E) AND (F), 57 READ WITH CLAUSE 2 (IV) (H) (24) & (31) SPECIFIED UNDER PART A OF SCHEDULE VIII OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF ONELIFE CAPITAL ADVISORS LTD.
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATION 13 OF SEBI MERCHANT BANKING REGULATION READ WITH CLAUSES 1 TO 4, 6, 7 AND 21 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 ONELIFE CAPITAL ADVISORS LTD.
|
IMPOSED PENALTY RS.12,00,000
15-MAR-2018
|
|
| 46 |
|
|
AVON CAPITAL SERVICES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1998
20-AUG-1998
|
|
| 47 |
|
|
AXIOME
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1998
20-AUG-1998
|
|
| 48 |
|
|
AXIS BANK LTD.
(PAN:AAACU2414K)
|
|
|
DID NOT REPORT/SUBMIT TRANSACTION DETAILS TO SEBI IN RESPECT OF NINE PUBLIC ISSUE OF DEBT OF VARIOUS COMPANIES, WHEREIN IT HAD ACQUIRED THE SECURITIES VIOLATING REGULATION 27 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
24-MAR-2022
|
|
| 49 |
|
|
AXIS CAPITAL LTD.
(PAN:AAACU8367M)
|
|
|
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
|
| 50 |
|
|
AXIS CAPITAL LTD.
(PAN:AAACU8367M)
|
|
|
PROVIDED GUARANTEE/INDEMNITY TOWARDS REDEMPTION OF NON-CONVERTIBLE DEBENTURES (NCDS) OF SOJO INFOTEL PVT.LTD. IN THE GUISE OF UNDERWRITING, NOT PERMITTED TO DO UNDER EXISTING REGULATORY FRAMEWORK
|
PROHIBITED FROM TAKING UP ANY NEW CLIENTS OR ASSIGNMENTS AS A MERCHANT BANKER FROM 19-SEP-2024 TILL FURTHER ORDER
19-SEP-2024
|
SEBI VIDE ITS ORDER DATED 26/11/2024 MODIFIED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 19/09/2024 AS “ AXIS CAPITAL LTD. NOT TO CARRY OUT ANY TRANSACTION WHICH WOULD INVOLVE AXIS CAPITAL LTD. PROVIDING ANY CREDIT RISK COVER (AS CONTEMPLATED IN PARAGRAPH 10 OF THE INTERIM ORDER) GUARANTEE OR INDEMNITY RELATING TO PURCHASE OF PLEDGED SHARES (AS CONTEMPLATED IN PARAGRAPHS 11 AND 12 OF THE INTERIM ORDER) OR SUCH THAT IT RESULTS IN A STRUCTURED SECURED CREDIT TRANSACTION (AS CONTEMPLATED IN PARAGRAPH 18 OF THE INTERIM ORDER) IN THE DEBT SEGMENT UNTIL FURTHER ORDERS”
|
| 51 |
|
|
B.M.CHATURVEDI FIN.& STRATEGIC SERV.PVT.LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1999
26-MAR-1999
|
|
| 52 |
|
|
B.P.KANANI & CO.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 53 |
|
|
BAHETI BHADADA & ASSOCIATES
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998
18-JUN-1998
|
|
| 54 |
|
|
BARJATYA CONSULTANTS PVT.LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1999
26-MAR-1999
|
|
| 55 |
|
|
BASAN FINANCIAL SERVICES LTD.
|
|
|
DID NOT ADHERE TO ELIGIBILITY CRITERIA AND CONDITIONS FOR GRANT OF OR HOLDING THE CERTIFICATE OF REGISTRATION AS MERCHANT BANKER VIOLATING REGULATIONS 6(AA) AND 6(B) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT MAINTAIN RECORDS AND DOCUMENTS PERTAINING TO DUE DILIGENCE EXERCISED IN SME ISSUE OF SUBH TEX LTD. VIOLATING REGULATION 14(E) READ WITH 16 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT PROVIDE DESIRED ASSISTANCE TO SEBI INSPECTION TEAM DURING INSPECTION VIOLATING REGULATIONS 14(E) READ WITH 16, 31(1), 31)(2) & 31(4) AND CLAUSE 3, 21 AND 29 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 26-JUL-2021 TO 25-JAN-2022
05-JUL-2021
|
|
| 56 |
|
|
BCL FINANCIAL SERVICES LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1997
08-JAN-1998
|
|
| 57 |
|
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
|
|
|
DID NOT UPDATE TRACK RECORD ON ITS WEBSITE REGARDING UTILISATION OF IPO PROCEEDS VIOLATING REGULATION 13 READ WITH CLAUSES 3, 4 AND 6 OF CODE OF CONDUCT FOR MERCHANT BANKERS UNDER SCHEDULE III OF SEBI (MERCHANT BANKERS REGULATIONS), 1992 AND CLAUSE 3 OF SEBI CIRCULAR NO.CIR/MIRSD/1/2012 DATED 10/01/2012 AND CLAUSE 8 OF CHAPTER II OF MASTER CIRCULAR FOR MERCHANT BANKERS DATED 26/09/2023 IN MATTER OF SIGMA SOLVE LTD.
|
IMPOSED PENALTY RS.1,00,000
25-SEP-2025
|
|
| 58 |
|
|
BETALA GLOBAL SECURITIES LTD.
(CIN:U65191TN1994PLC029073)
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JAN-1999
26-FEB-1999
|
|
| 59 |
|
|
BETALA GLOBAL SECURITIES LTD.
(CIN:U65191TN1994PLC029073)
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 23-JUL-1998 TILL THE REMAINING PERIOD OF REGISTRATION
06-AUG-1998
|
|
| 60 |
|
|
BHAGWANDAS GORDHANDAS FINANCIAL PVT.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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 25
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