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: PROSECUTION LAUNCHED

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

561

UJJWAL TRADE WING

FAILED TO PAY PENALTY

PROSECUTION LAUNCHED

30-SEP-2012

562

UNFRONT INVESTMENTS

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MUKESH KANTILAL JOSHI

VIOLATED SECTION 11 (3) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

31-MAR-2010

563

UNICKON FINCAP PVT.LTD.

(CIN:U74899DL1994PTC061342
PAN:AAACU8424F)

FAILED TO PAY PENALTY

PROSECUTION LAUNCHED

15-DEC-2016

564

UNICON SECURITIES PVT.LTD.

(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)

GAJENDRA NAGPAL

PAN:AADPN5511A

NEERAJ GROVER

RAM MOHAN GUPTA

PAN:AGDPG7175M

FAILED TO PAY PENALTY

PROSECUTION LAUNCHED

15-DEC-2016

565

UNIQUE INVESTMENTS

SAMPAT KUMAR PAREKH

VIOLATED SECTION 24 OF SEBI ACT, 1992

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 12 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

566

USHA ISPAT LTD.

AMIT KUMAR

RAJENDRA PRASAD SHARMA

RAJKUMAR GUPTA

VIOLATED SECTION 20(2) OF SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

31-MAR-2014

567

UTILITY TRADE LINKS PVT.LTD.

ANIL RAI

VINAY RAI

VIOLATED REGULATIONS 4(A) TO 4(E) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 6(D) OF SEBI (PFUTP) REGULATIONS, 1995

DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

VIOLATED SECTION 11 (2) OF SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

15-MAY-2006

568

UTTAM INVESTMENTS

DINESH AGGARWAL

HARISH AGARWAL

DIN:02632962

MANISH MANKAD

SARITA CHOWDHURI

YATIN B.SHAH

VIOLATED REGULATION 3 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

569

V B DESAI FINANCIAL SERVICES LTD.

SUKETA KAPADIA

VIOLATED RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

VIOLATED SECTION 12 OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

ACQUITTED

570

V.M.INVESTMENTS

VIOLATED SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

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

571

V.R.MATHUR MASS COMMUNICATIONS LTD.

BASUDEO AGARWAL

D.R.PRATAP

PAWAN KUMAR AGARWAL

SUNEETI RAJ MATHUR

SYED M.MEHDI

VAMAN RAJ SAXENA

VIMAL RAJ MATHUR

PAN:AIDPM9858P

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY

MIS-STATEMENTS IN THE PROSPECTUS

VIOLATED SECTION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

IN C.C.144/01 ACCUSED NO.2 WAS CONVICTED WITH IMPRISONMENT OF 3 MONTH AND FINE OF RS.15000 ACCUSED NO. 1 & 3 WERE CONVICTED AND SENTENCED TO FINE OF RS.15,000 ONLY. ON APPEAL BEFORE SESSIONS COURT THE CASE WAS COMPOUNDED UPON RECOMMENDATION OF COMPANY LAW BOARD ON PAYMENT OF RS.15,000 EACH BY ACCUSED NO.1 TO 3. IN CC NO. 11/2002 (SPLIT UP FROM CC NO 144/2001), THE COURT VIDE ITS ORDER DATED 21.08.2006 CONVICTED ACCUSED NO.4 AND 5 WITH A FINE OF RS.3000 EACH AND ON DEFAULT IMPRISONMENT FOR 3 MONTHS. CASE IS PENDING AGAINST ACCUSED NO.6, SYED MEHDI AS CC NO.90/2001 (SPLIT UP FROM CC NO.144/2001)

ACCUSED NO.1 TO 5 WERE ACQUITTED BY COURT

572

VAIBHAV SHARE MARKET

VIRENDRA KUMAR MAHATMA

FAILED TO PAY PENALTY

PROSECUTION LAUNCHED

30-SEP-2012

573

VAISHNO TRADELINK PVT.LTD.

ARUN GOYAL

GAJE SINGH CHAHL

VIOLATED REGULATION 4(A) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 4(B) OF SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

574

VARREN FINANCIAL SERVICES LTD.

NEERAJ GUPTA

P.K.RAO

R.P.SHARMA

S.K.GUPTA

V.K.AGARWAL

PROSECUTION LAUNCHED

15-MAY-2006

575

VASANTBHAI S.ADANI FAMILY TRUST

PUSHPA V.ADANI

VASANT S.ADANI

VIOLATED SECTION 2 (I) (A) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 16 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 23 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 24 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

PROSECUTION LAUNCHED

15-MAY-2006

THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.30,00,000 BY THE ACCUSED TO SEBI

576

VASPARR SHELTER LTD.

(PAN:AABCV2888D)

JAYESH VINODRAI VALIA

PAN:AAFPV5698G

MARUTI SHANKARRAO PATIL

PARESH V.VALIA

SANGITA JAYESH VALIA

PAN:ACDPV4956F

UMASHANKAR S.NAIR

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

25-AUG-2016

577