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 : 02-MAR-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: ANY APPLICATION OF ALTIUS FINSERV PVT.LTD. WILL NOT BE CONSIDERED BY SEBI FOR RENEWAL OF CERTIFICATE OF REGISTRATION TO ACT AS AN INTERMEDIARY IN ANY CAPACITY

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

BHARAT RASAYAN FINANCE LTD.

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-JUN-1998

18-JUN-1998

BHUTA BUCH & ASSOCIATES

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-APR-1998

09-JUN-1998

BIRLA FINANCIAL CORP.LTD.

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1998

20-AUG-1998

BODHI MANAGEMENT & INVESTMENT PVT.LTD.

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998

18-JUN-1998

BONANZA BUSINESS SERVICES PVT.LTD.

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-FEB-1998

20-AUG-1998

BRIJ BHUSHAN SHARMA

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HOFFLAND FINANCE LTD.

(Member : BGSE/JSE)

VIOLATED SECTION 26 OF SEBI ACT, 1992

VIOLATED 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

BRIJLAXMI LEASING & FINANCE LTD.

(PAN:AAACB9524F
CIN:L65993GJ1990PLC014183)

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 17-JUL-1998

27-JUL-1998

BRILLIANT INDUSTRIES LTD.

DID NOT FULFILL DEVOLVEMENT OBLIGATION IN PUBLIC ISSUE OF VINSARI FRUITECH LTD.

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 13-AUG-1998 TO 12-SEP-1998

25-AUG-1998

BRISK CAPITAL MARKET SERVICES LTD.

DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 05-AUG-1998

13-AUG-1998

C.DAK & ASSOCIATES

DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JAN-1999

26-FEB-1999

CENTRAL BANK OF INDIA

V.K.BHANDARI

DID NOT EXERCISE DUE CARE & DILIGENCE IN PUBLIC ISSUE OF SAATAL KATTHA & CHEMICALS LTD

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

03-SEP-2002

CENTRAL FINANCE LTD.

REGISTRATION EXPIRED

DID NOT APPLY FOR RENEWAL OF REGISTRATION

CANCELLED REGISTRATION AS MERCHANT BANKER FROM 30-APR-1998

09-JUN-1998

CENTRUM CAPITAL LTD.

(PAN:AAACC5099G)

ALLEGED FAILURE IN EXERCISING DUE DILIGENCE VIOLATING PROVISIONS OF REGULATION 24(1) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF MADHUSUDAN SECURITIES LTD.

ALLEGED FAILURE IN EXERCISING DUE DILIGENCE VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4 AND 14 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN SCHEDULE II OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF MADHUSUDAN SECURITIES LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.19,76,250 VIDE CONSENT ORDER)

15-JUL-2015

CHANDRAVIJAY SHAH & CO.

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 14-MAY-1998

27-MAY-1998

CHARTERED CAPITAL & INVESTMENT LTD.

(PAN:AAACC6247L)

MANOJ KUMAR RAMRAKHYANI

PAN:AGFPR0472E

MOHIB NOMAN KHERICHA

PAN:AGMPK8152H

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

SAT: SAT VIDE ITS ORDER DATED 14/07/2016 DISPOSED OFF THE APPEAL AS INFRUCTUOUS. NO COSTS

CHEMOX SECURITIES LTD.

(CIN:U67120MH1985PLC086072)

DID NOT PAY FEES TO SEBI