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.

COMPANIES: DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

4841

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

Click here to view complete history of this specific entity/person

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 04-JUN-2013 TILL COMPLIANCE MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

DIRECTED TO FREEZ OF VOTING RIGHTS AND CORPORATE BENEFITS LIKE DIVIDEND, RIGHTS, BONUS SHARES, SPLIT, ETC. WITH RESPECT TO EXCESS OF PROPORTIONATE PROMOTER / PROMOTERS GROUP SHAREHOLDING FROM 04-JUN-2013 TILL COMPLIANCE MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

RESTRAINED SHAREHOLDERS FORMING PART OF PROMOTER / PROMOTER GROUP FROM HOLDING ANY NEW POSITION AS DIRECTOR IN ANY LISTED COMPANY FROM 04-JUN-2013 TILL COMPLIANCE MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

RESTRAINED DIRECTORS FROM HOLDING ANY NEW POSITION AS DIRECTOR IN ANY LISTED COMPANY FROM 04-JUN-2013 TILL COMPLIANCE MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

04-JUN-2013

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4842

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4843

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4844

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4845

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4846

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4847

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4848

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4849

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4850

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4851

VISHVA-VISHAL ENGINEERING LTD.

(Along with : BHILAI MANAGEMENT SERVICES PVT.LTD.)

ARVIND KUMAR JAIN

ASHISH JAIN

RAJEEV JAIN

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

SEBI VIDE ITS ORDER DATED 16/12/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4852

VISHWAJEET CONSULTANCY PVT.LTD.

(Along with : HUBTOWN LTD.)

DID NOT ADHERE TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT

ORDER DATED 04/06/2013 PASSED BY SEBI DISPOSED OFF, AS APPLICANTS AGREED TO PAY RS.12,85,625.00 TOWARDS SETTLEMENT CHARGES AS PER CONSENT ORDER DATED 19/01/2016

SEBI VIDE ITS ORDER DATED 22/07/2014 REVOKED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 04/06/2013

4853

VISHWAMITRA DEBENTURE TRUST

SANJAY KUMAR PANDIT

ACTED AS DEBENTURE TRUSTEE WITHOUT SEBI REGISTRATION

PROHIBITED FROM CONTINUING WITH THE PRESENT ASSIGNMENT AS DEBENTURE TRUSTEE FROM 30-JUN-2015 TO 29-JUN-2019

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT AS DEBENTURE TRUSTEE OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPO, FOLLOW-ON ISSUE FROM 30-JUN-2015 TO 29-JUN-2019

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-JUN-2015 TO 29-JUN-2019

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-JUN-2015 TO 29-JUN-2019

30-JUN-2015

SEBI VIDE ITS ORDER DATED 10/08/2016 PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER FOR A PERIOD OF FOUR YEARS

4854

VISHWAMITRA INDIA TOUR & HOTELS LTD.

(CIN:U55101WB2011PLC171053
PAN:AADCV8844K)

BANDANA CHAND

DIN:03566856
PAN:AIUPC8800E

HARI GOVIND SINGH

DIN:03273046
PAN:CMGPS0600A

MANISH KUMAR CHAND

DIN:05149305
PAN:AICPC0615M

MANOJ KUMAR CHAND

DIN:02848954
PAN:ADWPC3514A

PANKAJ KUMAR CHAND

DIN:02848958
PAN:AFAPC4321D

MOBILIZED RS.106.75 CRORES THROUGH ISSUANCE OF 41,60,805 SECURED NON-CONVERTIBLE REDEEMABLE DEBENTURES (NCDS) BY WAY OF PRIVATE PLACEMENT TO 83109 INVESTORS VIOLATING SECTIONS 56, 60 READ WITH 2(36), 73 AND 117B-C OF THE COMPANIES ACT, 1956 AND THE DEBT SECURITIES REGULATIONS

DIRECTED NOT TO MOBILIZE FUNDS FROM PUBLIC AND/OR INVITE SUBSCRIPTION, IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 30-JUN-2015 TO 29-JUN-2019

DIRECTED TO PROVIDE ALL INFORMATION REGARDING REPAYMENT MADE INCLUDING NAME OF DEBENTURES HOLDER, ADDRESS, AMOUNT MOBILIZED, NUMBER OF NON-CONVERTIBLE REDEEMABLE SECURED DEBENTURES ISSUED, PROMISED MATURITY AMOUNT WITH DATE OF MATURITY, AMOUNT REFUNDED AND DATE THEREOF

DIRECTED TO PROVIDE INFORMATION OF DATE OF ISSUANCE OF NCD TO VITHL, DATES ON WHICH TRANSFERS WERE DONE, INCLUDING NUMBER OF DEBENTURE HOLDERS, NAME OF DEBENTURE HOLDERS, ADDRESS, AMOUNT MOBILIZED AND NUMBER OF DEBENTURES ISSUED

DIRECTED TO SUBMIT FINANCIAL STATEMENTS FOR THE LAST THREE YEARS AUDITED FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS

PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 30-JUN-2015 TO 29-JUN-2019

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-JUN-2015 TO 29-JUN-2019

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-JUN-2015 TO 29-JUN-2019

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY

DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 30-JUN-2015 TO 29-JUN-2019

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO FILE CERTIFICATE OF COMPLETION OF PROCESS WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS

30-JUN-2015

SEBI VIDE ITS ORDER DATED 10/08/2016 DIRECTED TO A) JOINTLY AND SEVERALLY, REFUND THE MONEY COLLECTED THROUGH ISSUANCE/TRANSFER OF SECURED NON-CONVERTIBLE REDEEMABLE DEBENTURES (NCDS) WITH INTEREST @ 15% P.A. FROM THE DATE OF RECEIPT OF MONEY TILL DATE OF SUCH REFUND OR REDEMPTION VALUE PROMISED AND ACCURED TILL THE DATE OF REFUND, WHICHEVER IS HIGHER THROUGH BANK DEMAND DRAFT OR PAY ORDER B) SUBMIT TO SEBI COMPLETE DETAILS OF THEIR ASSETS (ALONGWITH PROOFS THEREOF) CERTIFIED BY A PEER REVIEWED CHARTERED ACCOUNTANT C) UTILIZE ASSETS OF THE COMPANY FOR SOLE PURPOSE OF MAKING REFUND/REPAYMENT TO TRANSFEREES/HOLDERS OF NCDS TILL FULL REFUND/REPAYMENT D) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF ONE ENGLISH NATIONAL DAILY AND ONE VERNACULAR DAILY WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND, INCLUDING DETAILS OF CONTACT PERSONS, INCLUDING NAME, ADDRESS AND CONTACT DETAILS WITHIN FIFTEEN DAYS OF THIS ORDER E) FILE CERTIFICATE OF SUCH COMPLETION WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION F) RESTRAINED FROM DIRECTLY OR INDIRECTLY, ACCESSING CAPITAL MARKET BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC AND ARE FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER FOR A PERIOD OF FOUR YEARS FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS

SAT: SAT VIDE ITS ORDER DATED 03/02/2017 DISPOSED OFF THE APPEAL AND MISC. APPLICATION BY DIRECTING SEBI TO IMPLEMENT ITS ORER AS EXPEDITIOUSLY AS POSSIBLE. NO COSTS

SEBI VIDE ITS ORDER DATED 12/04/2018 PROHIBITED DEFAULTERS FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES HELD BY DEFAULTERS AND FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES AND DIRECTED DEFAULTERS TO FURNISH SEBI, WESTERN REGIONAL OFFICE, AHMEDABAD, COMPLETE DETAILS OF ALL THE MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, DULY CERTIFIED BY BOARD OF DIRECTORS WITHIN TWO WEEKS FROM DATE OF THIS ORDER. FURTHER DIRECTED INSPECTORS GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTARS OF THE RESPECTIVE AREAS.WITH DIRECTION NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION

SAT: SAT VIDE ITS ORDER DATED 26/04/2018 DISPOSED OFF THE CASE AS SEBI HAS AGREED TO TAKE ACTION IN TERMS OF EMAIL DATED 23/04/2018. NO COSTS

SEBI VIDE ITS ORDER DATED 26/07/2022 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY DULY CERTIFIED BY BOARD OF DIRECTORS ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, WESTERN REGIONAL OFFICE, AHMEDABAD D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION

4855

VISHWAMITRA INTERNATIONAL INFRA LTD.

(CIN:U45200MP2012PLC028473
PAN:AAECV1457D)

BANDANA CHAND

DIN:03566856
PAN:AIUPC8800E

HARI GOVIND SINGH

DIN:03273046
PAN:CMGPS0600A

MANISH KUMAR CHAND

DIN:05149305
PAN:AICPC0615M

MANOJ KUMAR CHAND

DIN:02848954
PAN:ADWPC3514A

PANKAJ KUMAR CHAND

DIN:02848958
PAN:AFAPC4321D

4856

VISHWAPRIYA FINANCIAL SERVICES & SECURITIES LTD.

R.SUBRAMANIAM

INDULGED IN FINANCING OF LARGE NUMBER OF ISSUES AND FACILITATING CIRCUMVENTION OF REQUIREMENT OF MINIMUM SUBSCRIPTION BY CREATING AN ILLUSION THAT ISSUE RECEIVED REQUIRED SUBSCRIPTION

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 11-SEP-2002 TO 10-SEP-2007

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 11-SEP-2002 TO 10-SEP-2007

11-SEP-2002

4857

VISHWAS STEELS LTD.

CHANDRA MOHAN GUPTA

D.N.DAVAR

HEMANT CHADHA

N.J.GEORGE

N.S.PARULEKAR

P.G.KOKODHAR

PUNIT CHADHA

SUBHASH PATIL

Y.P.SETHI

DID NOT REDRESS INVESTOR COMPLAINTS

DID NOT REGISTER FOR SEBI COMPLAINTS REDRESSAL SYSTEM (SCORES)

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-JUN-2016 TILL OBTAINS SCORES AUTHENTICATION

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-JUN-2016 TILL OBTAINS SCORES AUTHENTICATION

08-JUN-2016

4858

VISHWAS STOCKS RESEARCH PVT.LTD.

(PAN:AAGCV2217H)

HIMANSHU BHARATKUMAR BHAVSAR

PAN:AJVPB0407A

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

SAT: SAT VIDE ITS ORDER DATED 26/04/2021 DISPOSED OFF THE APPEAL AND DIRECTED APPELLANTS TO FILE APPLICATION FOR REVOCATION / MODIFICATION OF THE ORDER DATED 25/01/2021 WITHIN TWO WEEKS FROM THE DATE OF THIS ORDER

SEBI VIDE ITS ORDER DATED 22/06/2021 DISPOSED OFF THE APPEAL WITHOUT REVOCATION/MODIFICATION IN THE INTERIM ORDER DATED 25/01/2021

SEBI VIDE ITS ORDER DATED 13/12/2021 DIRECTED TO A) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES (ONE ENGLISH AND ONE HINDI) AND IN ONE LOCAL DAILY WITH WIDE CIRCULATION B) DETAILS OF CONTACT PERSON NAMES, ADDRESSES (INCLUDING EMAIL ADDRESS) AND CONTACT DETAILS, C) ENSURE TO RESOLVE GRIEVANCES AND COMPLAINTS WITHIN THIRTY DAYS FROM CLOSURE TO LODGE COMPLAINT D) REPAYMENTS TO CLIENTS/INVESTORS TO BE EFFECTED ONLY IN CASH THROUGH BANK DEMAND DRAFT OR PAY ORDER OR ELECTRONICS FUND TRANSFER E) FILE REPORT OF SUCH COMPLETION WITH SEBI DULY CERTIFIED FROM INDEPENDENT CHARTERED ACCOUNTANTS F) PREVENTED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM EXCEPT FOR THE SOLE PURPOSE OF MAKING THE REFUNDS AS DIRECTED. FURTHER, DIRECTED BANK TO ALLOW DEBIT ONLY FOR THE PURPOSE OF MAKING REFUNDS TO THE CLIENTS/INVESTORS WHO WERE AVAILING INVESTMENT ADVISORY SERVICES G) RESTRAINED ON SALE OF ASSETS SHALL CEASE TO OPERATE ONCE THE REDRESSAL TO THE COMPLAINTS/GRIEVANCES COMPLETED H) DEBARRED FROM ACCESSING SECURITIES MARKET DIRECTLY OR INDIRECTLY AND ARE PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN THE SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN ANY MANNER WHATSOEVER FOR SIX MONTHS FROM DATE OF COMPLETION OF REDRESSAL I) RESTRAINED FROM ASSOCIATING WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, OR ANY INTERMEDIARY REGISTERED WITH SEBI IN ANY CAPACITY FOR PERIOD OF SIX MONTHS FROM DATE OF COMPLETION OF REDRESSAL J) NOT TO UNDERTAKE, EITHER DIRECTLY OR INDIRECTLY, INVESTMENT ADVISORY SERVICES OR ANY OTHER ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI

4859

VISION GAINERS

(PAN:JWXPS4202L)

HRITIK SARAF

PAN:JWXPS4202L

SANDEEP TIWARI

PAN:BMAPT1283P

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

DIRECTED TO REFUND MONEY TO THE INVESTORS

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 31-JUL-2023 TO 30-JUL-2025

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2023 TO 30-JUL-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2023 TO 30-JUL-2025

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI FROM 31-JUL-2023 TO 30-JUL-2025

IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS

31-JUL-2023

SEBI VIDE ITS NOTICE DATED 08/04/2024 DIRECTED TO PAY RS.1,29,13,186.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 08/04/2024 DIRECTED TO PAY RS.2,19,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

4860

VISION INFO INC

MISUTILIZED OF IPO PROCEEDS AND MADE FALSE & MISLEADING DISCLOSURES IN PROSECTUS VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO (D), 4(1), 4(2)(F) AND (K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ACROPETAL TECHNOLOGIES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-SEP-2019 TO 26-SEP-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-SEP-2019 TO 26-SEP-2026

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

27-SEP-2019

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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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

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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