| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
MANTHAN STOCKS
(PAN:CGGPB2147B)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 42 |
|
|
MARKET CAPTAINS INVESTMENT ADVISOR
(PAN:BSHPS7756M)
|
|
|
|
AMIT SONI
PAN:BSHPS7756M
|
|
DID NOT ADHERE TO SEBI DIRECTIONS WITH RESPECT TO INSPECTION OF BOOKS OF ACCOUNTS/RECORDS AND OTHER DOCUMENT PERTAINING TO REGISTRATION
DID NOT SUBMIT MATERIAL INFORMATION TO SEBI
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
CHARGED ARBITRARY/DISPROPORTIONATE AMOUNT FOR SIMILAR SERVICE AND SIMILAR DURATION
DID NOT DISPLAY COMPLAINTS STATUS ON WEBSITE
PROVIDED INVESTMENT ADVICE ON FREE TRIALS TO CLIENTS
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES IN STIPULATED TIME
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 28-NOV-2022
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO REDRESS INVESTOR GRIEVANCES
28-NOV-2022
|
SAT: SAT VIDE ITS ORDER DATED 28/01/2025 GRANTED APPELLANT TO FILE REJOINDER
|
| 43 |
|
|
MG FUNDS PVT.LTD.
(PAN:AAKCM3614M)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-JUL-2025
25-JUL-2025
|
|
| 44 |
|
|
MI RESEARCH
(PAN:ANIPJ1043K)
|
|
|
|
ASHISH JAIN
PAN:ANIPJ1043K
|
|
DID NOT MAINTAIN RECORDS AS PER KNOW YOUR CLIENTS (KYC) PROCEDURES
DID NOT CONDUCT YEARLY AUDIT IN RESPECT OF COMPLIANCE WITH INVESTMENT ADVISERS REGULATIONS FROM A MEMBER OF ICAI OR ICSI
DID NOT FOLLOW KNOW YOUR CLIENT (KYC) PROCEDURE SPECIFIED BY SEBI FROM
TIME TO TIME
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT MAINTAIN RECORDS PERTAINING TO RISK PROFILING AND RISK ASSESSMENT OF CLIENTS
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT SUBMIT INFORMATION SOUGHT BY SEBI
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 22-FEB-2024
22-FEB-2024
|
|
| 45 |
|
|
MILLENNIUM GLOBAL RESEARCH (INVESTMENT ADVISOR)
(PAN:AUHPD5132H)
|
|
|
|
NITIN DODEJA
PAN:AUHPD5132H
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 46 |
|
|
MINANCE INVESTMENT ADVISORS PVT.LTD.
(PAN:AALCM4744M)
|
|
|
|
ANURAG BHATIA
PAN:AVEPB6967G
|
|
DID NOT SUBMIT MATERIAL INFORMATION TO SEBI
DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY
DID NOT APPOINT COMPLIANCE OFFICER
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
|
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 20-OCT-2020 TO 19-OCT-2025
CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED BANKS NOT TO ALLOW ANY DEBITS/WITHDRAWLS AND CREDITS FROM ACCOUNT WITHOUT PERMISSION OF SEBI FROM 20-OCT-2020 TO 19-OCT-2025
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 20-OCT-2020 TO 19-OCT-2025
20-OCT-2020
|
SEBI VIDE ITS ORDER DATED 20/04/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 20/10/2020
SEBI VIDE ITS ORDER DATED 31/05/2023 DIRECTED TO A) CANCEL CERTIFICATE OF REGISTRATION AS INVESTMENT ADVISER B) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR FIVE YEARS FROM INTERIM ORDER C) RESOLVE THE COMPLAINTS PENDING IN SCORES TO INVESTMENT ADVISORY SERVICES WITHIN THIRTY DAYS FROM DATE OF THIS ORDER
|
| 47 |
|
|
MONEY CAPITAL LIVE
(PAN:AKXPT4512B)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 48 |
|
|
MONEY CAPITALHEIGHT RESEARCH INVESTMENT ADVISERS PVT.LTD.
(PAN:AAHCM2437R)
|
|
|
DID NOT MAINTAIN INFRASTRUCTURE AND QUALIFICATION/CERTIFICATION REQUIREMENTS
DID NOT FOLLOW PROPORTIONATE FEE STRUCTURE
DID NOT FOLLOW PRESCRIBED FORMAT OF AGREEMENT
DID NOT MAINTAIN PROPER RECORDS EITHER IN PHYSICAL FORM OR ELECTRONIC FORM
ENGAGED IN FORGERY OF SIGNATURE, MIS-SELLING OF PRODUCTS/SERVICES NOT IN ACCORDANCE WITH THE RISK PROFILE OF THE CLIENTS ETC.
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 24-APR-2024
24-APR-2024
|
SAT: SAT VIDE ITS ORDER DATED 22/08/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 13/11/2024 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 28/04/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 49 |
|
|
MONEY CLASSIC
(PAN:BLVPM9284R)
|
|
|
|
DEEPAK MISHRA
PAN:BLVPM9284R
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
DID NOT REDRESS INVESTOR COMPLAINTS
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 29-DEC-2023 TO 28-DEC-2024
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 29-DEC-2023 TO 28-DEC-2024
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO FURNISH REPORT TO SEBI DULY CERTIFIED BY CHARTERED ACCOUNTANT RESOLVED ALL COMPLAINTS
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 29-DEC-2023 TO 28-DEC-2024
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
29-DEC-2023
|
|
| 50 |
|
|
MONEY DESIRE RESEARCH
(PAN:AAYFM6388F)
|
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 28-NOV-2022
28-NOV-2022
|
|
| 51 |
|
|
MONEY MARKET MANTHAN FINANCIAL SERVICES
(PAN:AWDPK4671L)
|
|
|
|
VICKY KAMARIYA
PAN:AWDPK4671L
|
|
DID NOT PROVIDE INFORMATION TO SEBI
DIVULGED SENSITIVE/CONFIDENTIAL CLIENT INFORMATION TO THIRD PARTY
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS HAVING DIFFERENT NAMES BUT SAME FEATURE
DID NOT HAVE REQUISITE NISM CERTIFICATES AT ALL TIMES TO PROVIDE INVESTMENT ADVICE
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
DID NOT MAKE DISCLOSURE TO CLIENTS OF ALL MATERIAL FACTS/INFORMATION ABOUT BUSINESS, DISCIPLINARY HISTORY, AFFILIATION WITH OTHER INTERMEDIARIES
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES IN STIPULATED TIME
DID NOT APPOINT PRINCIPAL OFFICER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 14-JUL-2023
14-JUL-2023
|
|
| 52 |
|
|
NEURO INVESTMENT ADVISOR
(PAN:BTKPP6517P)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 53 |
|
|
NIDHI CONSULTANTS
(PAN:AAEFN2546E)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-SEP-2025
10-SEP-2025
|
|
| 54 |
|
|
NIVESHICON INVESTMENT ADVISORY
(PAN:BEDPG9199C)
|
|
|
|
VEERENDRA KUMAR GUPTA
PAN:BEDPG9199C
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 55 |
|
|
OSAR CAPITAL
(PAN:AOFPA9923H)
|
|
|
|
AMIT BABURAO AHIRE
PAN:AOFPA9923H
|
|
ALLOWED HBJ CAPITAL SERVICES PVT.LTD., AN ENTITY RESTRAINED BY SEBI FROM ACTING AS AN ADVISOR, TO PROVIDE INVESTMENT ADVISORY SERVICES USING HIS SEBI REGISTRATION AND ALSO IN HIS PROPRIETORY CONCERN OSAR CAPITAL
DID NOT PROVIDE DETAILS OF PROPRIETARY CONCERN FORMED BY HIM PURSUANT TO REGISTRATION GRANTED BY SEBI
|
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 10-JAN-2018 TO 09-JAN-2022
RESTRAINED FROM PROVIDING INVESTMENT ADVISORY SERVICES FROM 10-JAN-2018 TO 09-JAN-2022
DIRECTED TO DISGORGE RS.1,20,000 ALONG WITH OTHER ENTITIES/PERSONS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 10-JAN-2018 TO 09-JAN-2022
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 10-JAN-2018 TO 09-JAN-2022
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-JAN-2018 TO 09-JAN-2022
17-MAR-2016
|
SEBI VIDE ITS ORDER DATED 10/01/2018 DIRECTED TO 1)) SURRENDER THE UNLAWFUL GAINS OF RS.1,20,000 WITHIN A PERIOD OF 3 MONTHS TO SEBI 2) NOT TO DIRECTLY OR INDIRECTLY ACCESS SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER, TILL EXPIRY OF 4 YEARS FROM THE DATE OF PAYMENT 3) NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING A CERTIFICATE OF REGISTRATION FROM SEBI AS REQUIRED UNDER THE SECURITIES LAWS AFTER THE EXPIRY OF PERIOD OF DEBARMENT
SEBI VIDE ITS ORDER DATED 27/06/2019 CANCELLED CERTIFICATE OF REGISTRATION GRANTED AS INVESTMENT ADVISOR
|
| 56 |
|
|
PALADIN CAPITAL MANAGEMENT LLP
(PAN:AATFP6057D)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-SEP-2025
10-SEP-2025
|
|
| 57 |
|
|
PFC CAPITAL ADVISORY SERVICES LTD.
(PAN:AAGCP2495R)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 58 |
|
|
PURNHA,M/S
(PAN:AKUPM2713N)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 59 |
|
|
RAPID RESEARCH TECHNOLOGIES
(PAN:AYNPK3990J)
|
|
|
|
ARUN KHANDELWAL
PAN:AYNPK3990J
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 60 |
|
|
RATNAKAR SECURITIES PVT.LTD.
(PAN:AAACR7287D)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 4
|
