| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
FIRST FINANCIAL SERVICES LTD.
(PAN:AAACF1145J)
|
|
|
DID NOT FULFILL UNDERWRITING OBLIGATION IN PUBLIC ISSUES OF RITESH POLYESTERS LTD.
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FOR UNDERWRITING FROM 29-MAY-1997 TO 28-MAY-1999
29-MAY-1997
|
|
| 142 |
|
|
FIRST GLOBAL FINANCE PVT.LTD.
|
|
|
|
DEVINA MEHRA
|
|
|
SHANKAR SHARMA
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS MERCHANT BANKER FROM 25-MAY-2001 TILL ENQUIRY
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAY-2001 TILL ENQUIRY
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAY-2001 TILL ENQUIRY
25-MAY-2001
|
SAT: APPEAL DISMISSED
|
| 143 |
|
|
FIRST GLOBAL FINANCE PVT.LTD.
|
|
|
|
DEVINA MEHRA
|
|
|
SHANKAR SHARMA
|
|
VIOLATED SECTION 11 (3) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 144 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT SUBMIT HALF YEARLY REPORTS VIOLATING SEBI CIRCULAR CIR/MIRSD/6/2012 DATED 14/05/2012 AND SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD1/CIR/P/2017/38 DATED 02/05/2017
DID NOT UNDERTAKE INDEPENDENT DUE DILIGENCE WITH REGARD TO VERIFICATION OF BACKGROUND OF DIRECTORS AND PROMOTERS AS TO WHETHER ANY OF THEM ARE WILLFUL DEFAULTERS, FUGITIVE ECONOMIC OFFENDERS OR DEBARRED BY SEBI AND VERIFICATION OF PHYSICAL EXISTENCE OF ISSUER COMPANY/ SITE FOR THREE COMPANIES, BASED ON DOCUMENTS AVAILABLE ON RECORD VIOLATING REGULATION 245(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT UNDERTAKE INDEPENDENT DUE DILIGENCE WITH REGARD TO VERIFICATION OF BACKGROUND OF DIRECTORS AND PROMOTERS AS TO WHETHER ANY OF THEM ARE WILLFUL DEFAULTERS, FUGITIVE ECONOMIC OFFENDERS OR DEBARRED BY SEBI AND VERIFICATION OF PHYSICAL EXISTENCE OF ISSUER COMPANY/ SITE FOR THREE COMPANIES, BASED ON DOCUMENTS AVAILABLE ON RECORD VIOLATING CLAUSE 4 OF SCHEDULE III (CODE OF CONDUCT) READ WITH REGULATIONS 13 AND 14(1)(E) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
PRESENTED WRONG INDIVIDUAL AS THE COMPLIANCE OFFICER DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSE 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
MISREPRESENTED STATUS OF APPEAL NO.583/2020 BEFORE HON’BLE SAT AND OMITTED TO MENTION THE ADMINISTRATIVE WARNING ISSUED TO IN 2017 DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSES 20 AND 22 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS 1992
DID NOT DISCLOSE HANDLING OF OPEN OFFER OF ELITECON INTERNATIONAL LTD. IN FY 2021-22 DURING INSPECTION VIOLATING REGULATION 13 READ WITH CLAUSE 20 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT SUBMIT QUARTERLY REPORTS TO SEBI VIOLATING REGULATION 27 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
27-FEB-2025
|
SAT: SAT VIDE ITS ORDER DATED 19/12/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER IF ANY BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 145 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT MAINTAIN MINIMUM NETWORTH
ENGAGED IN BUSINESS OTHER THAN SECURITIES
UNDERTOOK UNDERWRITING OBLIGATIONS EXCEEDING TWENTY TIMES OF ITS NET WORTH
ACCEPTED PUBLIC DEPOSITS TO FULFIL UNDERWRITING OBLIGATIONS
DID NOT INTIMATE SEBI REGARDING ACQUISITION OF SECURITIES OF ISSUER COMPANIES MANAGED BY MERCHANT BANKER
DELAY IN FILING OF HALF YEARLY REPORTS
MADE INCOMPLETE DISCLOSURE OF TRACK RECORD OF PUBLIC ISSUES ON ITS WEBSITE
DID NOT UPDATE TRACK RECORD ON THE WEBSITE AND IN TURN FALSELY SUBMITTED TO SEBI ABOUT SUBMISSION OF THE SAME
PROVIDED MISLEADING INFORMATION TO STOCK EXCHANGES
KEY MANAGEMENT PERSONNEL DID NOT OBTAIN SERIES III-A AND NISM IX CERTIFICATIONS
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 23-OCT-2025 TO 22-OCT-2027
DEBARRED FROM TAKING ANY NEW MANDATE IN RELATION TO BUSINESS OF ISSUE MANAGEMENT EITHER BY MAKING ARRANGEMENTS REGARDING SELLING, BUYING OR SUBSCRIBING TO SECURITIES OR ACTING AS MANAGER, CONSULTANT, ADVISER OR RENDERING CORPORATE ADVISORY SERVICE IN RELATION TO SUCH ISSUE MANAGEMENT FROM 23-OCT-2025 TO 22-OCT-2027
IMPOSED PENALTY RS.20,00,000
23-OCT-2025
|
|
| 146 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DID NOT MAKE DISCLOSURE OF FINANCIALS AND LITIGATIONS OF SVC RESOURCES LTD. AND SANTOWIN CORP.LTD. IN FINAL PROSPECTUS OF POWERHOUSE FITNESS & REALTY LTD. VIOLATING PROVISIONS OF REGULATION 57(2) READ WITH CLAUSE 2(X)(A) AND 2(IX) OF PART A OF SCHEDULE VIII AND REGULATION 64 OF SEBI ICDR REGULATIONS, 2009
DID NOT MAKE DISCLOSURE OF ISSUING SECURITIES AT PRICE LOWER THAN ISSUING PRICE IN IPO OF POWERHOUSE FITNESS & REALTY LTD. VIOLATING PROVISIONS OF REGULATION 57(2) READ WITH CLAUSE 2(VI) (D) 2(F) OF PART A OF SCHEDULE VIII AND REGULATION 64 (1) OF SEBI ICDR REGULATIONS, 2009
DID NOT ENSURE THAT ADEQUATE DISCLOSURES WERE MADE IN TIMELY MANNER VIOLATING REGULATION 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF POWERHOUSE FITNESS & REALTY LTD.
DID NOT EXERCISE DUE DILIGENCE VIOLATING REGULATION 106 O(2) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSES 1, 4, 6, 7 AND 21 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF POWERHOUSE FITNESS & REALTY LTD.
|
IMPOSED PENALTY RS.5,00,000
24-DEC-2019
|
SAT: SAT VIDE ITS ORDER DATED 08/09/2021 DISMISSED THE APPEAL FOR WANT FOR PROSECUTION
SEBI VIDE ITS NOTICE DATED 24/07/2023 DIRECTED TO PAY RS.7,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 11/08/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6951 OF 2023 DATED 24/07/2023
|
| 147 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DIVERTED AND MIS-UTILIZED FUNDS RAISED THROUGH INITIAL PUBLIC OFFERING (IPO) VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SYNOPTICS TECHNOLOGIES LTD.
|
DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET FROM 06-MAY-2025 TILL FURTHER ORDERS
DIRECTED TO APPOINT A MONITORING AGENCY TO MONITOR USE OF PROCEEDS IRRESPECTIVE OF ISSUE SIZE
06-MAY-2025
|
SAT: SAT VIDE ITS ORDER DATED 31/07/2025 APPELLANT TO FILE REPLY WITHIN TWO WEEKS AND DIRECTED SEBI TO PASS CONFIRMATORY ORDER WITHIN EIGHT WEEKS FROM DATE OF APPELLANT FILING REPLY
SEBI VIDE ITS ORDER DATED 03/10/2025 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 06/05/2025
SAT: SAT VIDE ITS ORDER DATED 19/12/2025 DISMISSED THE APPEAL. NO COSTS
|
| 148 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
ENGAGED IN BUSINESS OTHER THAN SECURITIES
DID NOT POSSESS ADEQUATE FINANCIAL RESOURCES ON ACCOUNT OF LOWER NET WORTH TO ACQUIRE SECURITIES IN RESPECT OF UNDERWRITING OBLIGATIONS
DEFAULTED IN SUBMISSION OF QUARTERLY REPORTS TO SEBI
DELAY IN FILING OF HALF YEARLY REPORTS
DID NOT MAKE DISCLOSURE OF TYPE OF ISSUE (IPO/ FPO), SUBSCRIPTION LEVEL, DETAILS OF QIB HOLDING, FINANCIALS OF ISSUER, TRADING STATUS IN SCRIP OF ISSUER, CHANGE IN DIRECTORS, STATUS OF UTILIZATION OF ISSUE PROCEEDS, PRICE-RELATED DATA, BASIS FOR ISSUE PRICE, ETC ON ITS WEBSITE
KEY MANAGEMENT PERSONNEL DID NOT OBTAIN SERIES III-A AND NISM IX CERTIFICATIONS
|
DEBARRED FROM TAKING ANY NEW MANDATE IN RELATION TO BUSINESS OF ISSUE MANAGEMENT EITHER BY MAKING ARRANGEMENTS REGARDING SELLING, BUYING OR SUBSCRIBING TO SECURITIES OR ACTING AS MANAGER, CONSULTANT, ADVISER OR RENDERING CORPORATE ADVISORY SERVICE IN RELATION TO SUCH ISSUE MANAGEMENT FROM 03-OCT-2025 TO 02-DEC-2025
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 03-OCT-2025 TO 02-DEC-2025
23-OCT-2024
|
SAT: SAT VIDE ITS ORDER DATED 11/12/2024 PARTLY ALLOWED THE APPEAL AND STAYED THE DIRECTION IN PARA NO.96 TO DEBAR FROM TAKING NEW MANDATE SUBJECT TO APPELLANT BRINGING IN RS.3 CRORE WITHIN FIFTEEN DAYS FROM DATE OF THIS ORDER AND ENSURE MAINTAIN NET-WORTH CAPITAL ADEQUACY OF RS.5 CRORE. DIRECTED TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS ORDER DATED 03/10/2025 SUSPENDED THE CERTIFICATE OF REGISTRATION FOR TWO MONTH FROM DATE OF THIS ORDER
|
| 149 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
SUBMITTED WRONG DISCLOSURE OF SHAREHOLDING PATTERN TO STOCK EXCHANGE REGARDING PLEDGED OR OTHERWISE ENCUMBERED IN DRAFT LETTER OF OFFER
SUBMITTED WRONG INFORMATION WITH RESPECT TO OFFICES, BRANCHES AND SUB-OFFICES OF COMPANY IN DRAFT LETTER OF OFFER
SUBMITTED WRONG INFORMATION WITH RESPECT TO COUNTRY-WISE PRODUCT-WISE EXPORTS FOR F.Y.2020-21 AND 2021-22 IN DRAFT LETTER OF OFFER
SUBMITTED WRONG FINANCIAL DETAILS WITH RESPECT TO WORKING CAPITAL REQUIREMENT FORMING OBJECT OF ISSUE IN DRAFT LETTER OF OFFER
|
IMPOSED PENALTY RS.3,00,000
21-FEB-2024
|
SEBI VIDE ITS NOTICE DATED 07/05/2024 DIRECTED TO PAY RS.3,13,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 30/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 11/06/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 30/05/2024
SAT: SAT VIDE ITS ORDER DATED 01/08/2024 DISMISSED THE APPEAL AS WITHDRAWN
SEBI VIDE ITS ORDER DATED 09/08/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7786 OF 2024 DATED 07/05/2024
|
| 150 |
|
|
FISCAL LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 10-AUG-1998
14-AUG-1998
|
|
| 151 |
|
|
FISCAL LTD.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 28-FEB-1999
26-MAR-1999
|
|
| 152 |
|
|
FORTRESS CAPITAL MANAGEMENT SERVICES PVT.LTD.
(PAN:AAACF7994B)
|
|
|
MADE INCORRECT DISCLOSURES IN LETTER OF OFFER VIOLATING CLAUSES 4, 7 AND 20 OF CODE OF CONDUCT IN SCHEDULE III READ WITH REGULATION 13 OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF COROMANDEL ENGINEERING CO.LTD.
|
IMPOSED PENALTY RS.1,00,000
27-SEP-2024
|
|
| 153 |
|
|
FRIENDS INFORMATICS LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-MAY-1998
09-JUN-1998
|
|
| 154 |
|
|
G.SATAPATHY & CO.
|
|
|
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-DEC-1998
26-FEB-1999
|
|
| 155 |
|
|
GANDHI & SHRIMANKAR
|
|
|
DID NOT APPLY FOR RENEWAL OF REGISTRATION
REGISTRATION EXPIRED
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-AUG-1998
06-OCT-1998
|
|
| 156 |
|
|
GARDEN FINANCE LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JUL-1998
27-AUG-1998
|
|
| 157 |
|
|
GATEWAY CAPITAL MANAGEMENT PVT.LTD.
|
|
|
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 19-JUN-1998
26-JUN-1998
|
|
| 158 |
|
|
GATTANI & ASSOCIATES
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JUL-1998
27-AUG-1998
|
|
| 159 |
|
|
GAUTAM DOSHI & ASSOCIATES
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 15-JUN-1998
27-JUL-1998
|
|
| 160 |
|
|
GAYATRI CAPITAL LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT APPLY FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS MERCHANT BANKER FROM 31-JUL-1998
27-AUG-1998
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 8 of 25
|
