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.

PERSONS: VIOLATED SEBI ACT, 1992

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

561

RAVI KUSAM

(PAN:AKCPK0569Q)

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TAKSHEEL SOLUTIONS LTD.

CIN:U72200TG1999PLC032556
PAN:AAACI7325P

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

25-AUG-2016

562

RAVI PRAKASH KHEMKA

DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

VIOLATED SECTION 22 OF SEBI TAKEOVER CODE, 1997

VIOLATED SECTION 20(2) OF SEBI ACT.,1992

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 02-JUL-2001 TO 01-JUL-2006

02-JUL-2001

SAT: APPEAL DISMISSED AS WITHDRAWN

PERIOD OF DEBARMENT WAS OVER ON 01/07/2006

563

RAVI SHANKAR DUBEY

SAHARA HOUSING INVESTMENT CORP.LTD.

PAN:AAJCS4101J

SAHARA INDIA REAL ESTATE CORP.LTD.

CIN:U45201UP2005PLC030918
PAN:AAJCS7265F

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

31-MAR-2013

564

REEMA T.MAJUMDAR

MANNA GLASS-TECH INDUSTRIES LTD.

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 6 SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 24 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

565

REENA A.MAJUMDAR

MANNA GLASS-TECH INDUSTRIES LTD.

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

VIOLATED REGULATION 6 SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 24 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

566

RITA K.MOTWANI

M�BELLE INTERNATIONAL PVT.LTD.

VIOLATED SECTION 24 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

SAT: SAT VIDE ITS ORDER DATED 17/01/2018 CONDONED THE DELAY OF 603 DAYS IN FILING OF APPEAL. APPEAL DISPOSED OFF. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 12/12/2018 DISPOSED OFF MISC.APPLICATION. COUNSEL FOR SEBI SUBMITTED THAT RECOVERY OFFICER WILL PASS ORDER WITHIN 15 DAYS FROM DATE OF THIS ORDER. NO COSTS

SEBI VIDE ITS NOTICE DATED 26/12/2018 WITHDREW SHOW-CAUSE NOTICE DATED 21/03/2016 ISSUED TO MS.ANUPAMA SURESH MOTWANI & MS.RITA KISHORE MOTWANI AND DIRECTED RECOVERY PROCEEDINGS NOT TO BE INITIATED

567

RITA K.MOTWANI

M�BELLE INTERNATIONAL PVT.LTD.

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

PROSECUTION LAUNCHED

31-MAR-2010

568

ROOPALBEN NARESHBHAI PANCHAL

(PAN:AFVPP3739H)

FILED APPLICATION FOR SUBSCRIPTION AND/OR ACQUISITION OF SHARES IN FICTITIOUS NAME

VIOLATED SECTION 12A OF SEBI ACT.,1992

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

15-MAY-2006

569

ROOPRAM SHARMA

INCAP FINANCIAL SERVICES LTD.

CIN:U45400GJ1994PLC021722
PAN:AABCI0538B

VIOLATED SECTION 11 OF SEBI ACT, 1992

VIOLATED SECTION 11 A OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

570

RUCHI BAMBA

TACTFULL INVESTMENTS LTD.

VIOLATED SEBI ACT, 1992

VIOLATED SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

PROSECUTION LAUNCHED

15-MAY-2006

CC NO.19/10 23.04.2012 PRESENT: SH.SANJAY MANN, ADVOCAE, COUNSEL FOR SEBI. SH.AMIT BHATNAGAR, ADVOCATE, COUNSEL FOR CONVICT COMPANYALONG WITH AR OF COMPANYARGUMENTS HEARD. VIDE SEPARATE ORDER ON THE POINT OF SENTENCE COMPANY ACCUSED ISBURDENED WITH A FINE OF RS.50,000.OO FOR THE OFFENCE PUNISHABLE UNDER SECTION 24(1) OF SEBI ACT.FINE AMOUNT IS PAID. COPY OF JUDGMENT ALONG WITH ORDER ON THE POINT OF SENTENCE BE GIVENTO THE AR OF CONVICT COMPANY/ITS COUNSEL FREE OF COST. SINCE, A5 & A6 ARE PROCLAIMED OFFENDERS, FILE BE CONSIGNED TO RECORDROOM WITH DIRECTION THAT SAME BE REVIVED AS AND WHEN THEY ARE APPREHENDED

571

RUPAL PANKAJ SARAIYA

(DIN:00002641
PAN:AMZPS1068D)

VIOLATED SECTIONS 12(A) TO (C) OF SEBI ACT. READ WITH REGULATIONS 3(B) TO 3(D) & 4(2)(C), 4(2)(F), 4(2)(K) AND 4(2)(R) OF PFUTP REGULATIONS, 2003 IN MATTER OF GDR ISSUES OF AVON CORP.LTD.

WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

05-SEP-2017

572

RUPESH KUMAR MATOLIYA

(PAN:AFRPM8024J)

ALLEGED AIDING AND ABETTING MR.NIRMAL KUMAR SONI TO EXECUTE TRADES IN HIS ACCOUNT AND IN THE ACCOUNTS OF SAAR COMMODITIES PVT.LTD., MANAN SHARECOM PVT.LTD. AND KANHYA TRADING CO.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.57,20,000 VIDE CONSENT ORDER)

REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BE ASSOCIATED WITH /ACCESSING CAPITAL MARKET /INTERMEDIARIES) FROM 16-JAN-2025 TO 15-JUL-2025

REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/ SPECIFIED SCRIPS DIRECTLY/INDIRECTLY) FROM 16-JAN-2025 TO 15-JUL-2025

16-JAN-2025

573

RUPESH KUMAR MATOLIYA

(PAN:AFRPM8024J)

ALLEGED AIDING AND ABETTING MR.NIRMAL KUMAR SONI TO EXECUTE TRADES IN HIS ACCOUNT AND IN THE ACCOUNTS OF SAAR COMMODITIES PVT.LTD., MANAN SHARECOM PVT.LTD. AND KANHYA TRADING CO.

REACHED SETTLEMENT (DIRECTED TO DISGORGE) (SETTLEMENT CHARGES RS.7,41,29,648 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

16-JAN-2025

574

RUPESH NARVEKAR

(PAN:ACQPN0985R)

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

25-AUG-2016

575

S.ARVIND

(PAN:AACPA7943E)

EDSERV SOFTSYSTEMS LTD.

CIN:L72200TN2001PLC046789
PAN:AAACL7131L

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-JUL-2022

576

S.GANAPATHY SUBRAMANIUM