| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
RAHUL
(PAN:ALQPB6255K)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 142 |
|
|
RAHUL LALA
|
|
|
|
GREENTIX RESEARCH
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 23-SEP-2026
23-SEP-2026
|
|
| 143 |
|
|
RAHUL MUKESH RANDERIA
(PAN:AHUPR7611K)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
30-JUN-2026
|
|
| 144 |
|
|
RAJESH JAIN
(PAN:ACKPJ2512J)
|
|
|
|
JINANAND RESEARCH ANALYST
PAN:ACKPJ2512J
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
09-JUL-2026
|
|
| 145 |
|
|
RAJESH RANJAN
(PAN:AROPR5161Q)
|
|
|
|
KM FINANCIALS
PAN:AROPR5161Q
|
|
ACTED AS RESEARCH ANALYST WITHOUT SEBI REGISTRATION
|
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
PROHIBITED FROM TAKING NEW CLIENTS AS RESEARCH ANALYST FROM 22-APR-2022 TILL THE COMPLETION OF REFUNDS TO COMPLAINANTS/CLIENTS
WARNED & CAUTIONS TO EXERCISE DUE CARE & DILIGENCE, IN FUTURE CONDUCT AS RESEARCH ANALYST
22-APR-2022
|
SAT: SAT VIDE ITS ORDER DATED 06/02/2023 ALLOWED THE APPEAL AND MATTER REMITTED TO WTM TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 26/04/2024 DIRECTED THAT THE DIRECTIONS ISSUED VIDE ORDER DATED 22/04/2022 WILL REMAIN IN FORCE TILL COMPLETION OF COMPLIANCE OF REFUND TO CLIENTS/INVESTORS
SAT: SAT VIDE ITS ORDER DATED 03/07/2025 CONDONED THE DELAY OF 318 DAYS IN FILING OF APPEAL. ACCEPTED APPELLANT SUBMISSION AND PERMITTED APPELLANT TO CARRY ON HIS PROFESSION AS RESEARCH ANALYST BY ENROLLING NEW CLIENTS. NO COSTS
|
| 146 |
|
|
RAKESH GUPTA
(PAN:ABZPG7813P)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 147 |
|
|
RAM KUMAR GOYAL
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 20-AUG-2026
20-AUG-2026
|
|
| 148 |
|
|
RANJIT S.KAPADIA
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 20-AUG-2026
20-AUG-2026
|
|
| 149 |
|
|
RASHI
(PAN:ECNPS7907H)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
30-JUN-2026
|
|
| 150 |
|
|
RAVI BAKULBHAI PARIKH
(PAN:AOKPP2664M)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
04-AUG-2026
|
|
| 151 |
|
|
RAVI KIRAN KULKARNI
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 23-SEP-2026
23-SEP-2026
|
|
| 152 |
|
|
RAVI MANOHARLAL KATARIA
(PAN:ARBPK1107E)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 153 |
|
|
RISHABH TANWAR
(PAN:APWPT2161E)
|
|
|
OUTSOURCED BUSINESS ACTIVITIES TO THIRD-PARTY SERVICE PROVIDER WITHOUT VALID AGREEMENT
DID NOT HAVE POLICY FOR OUTSOURCING OF ACTIVITIES AND THIRD‑PARTY RELATIONSHIP
DID NOT CARRY OUT DUE DILIGENCE BEFORE ENGAGING SERVICE PROVIDER
DID NOT MAINTAIN CONTINGENCY PLANS INCLUDING A PLAN FOR DISASTER RECOVERY
OUTSOURCED CORE BUSINESS ACTIVITIES OF KYC AND INVESTOR GRIEVANCES TO SERVICE PROVIDER
DID NOT DISPLAY STATUS OF INVESTOR COMPLAINTS ON ITS WEBSITE
|
IMPOSED PENALTY RS.6,00,000
22-OCT-2026
|
|
| 154 |
|
|
RISHBHA BANTHIA
(PAN:AMYPB9003A)
|
|
|
|
CAPITALSTARS FINANCIAL RESEARCH PVT.LTD.
PAN:AAECC5843N
|
|
DID NOT CARRY OUT RISK PROFILING OF CLIENTS
USED LEADING AND VAGUE QUESTIONS IN RISK PROFILING FORM
COLLECTED INSUFFICIENT AND INCOMPLETE INFORMATION WITHOUT SUPPORTING DOCUMENTS THROUGH RISK PROFILING QUESTIONNAIRE
OFFERED PRODUCTS/SERVICES WITHOUT ASSESSING APPROPRIATE RISK BEARING CAPACITY OF THE CLIENTS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
CHARGED SERVICE FEES DISPROPORTIONATE TO ANNUAL INCOME/PROPOSED INVESTMENT
SOLD ADVISORY SERVICES/PACKAGES TO SAME CLIENTS ON MULTIPLE OCCASION AT DIFFERENT ARBITRARY PRICE FOR FUTURE/OVERLAPPING PERIOD WHILE EXISTING SUBSCRIPTION WAS ACTIVE
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT REPORT SUSPICIOUS TRANSACTIONS UNDER PMLA/AML PROVISONS
DID NOT HAVE REQUISITE NISM CERTIFICATES AT ALL TIMES TO PROVIDE INVESTMENT ADVICE
PROVIDED FALSE INFORMATION REGARDING DETAILS OF COMPLIANCE OFFICER
DID NOT OBTAIN NISM CERTIFICATION AS RESEARCH ANALYST
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 16-DEC-2022 TO 15-MAR-2023
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 16-DEC-2022 TO 15-MAR-2023
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO UPDATE AML, PMLA POLICY AS PER SEBI MASTER CIRCULAR DATED 15/10/2019 AND APPOINT DESIGNATED DIRECTORS AS PER SEBI CIRCULAR DATED 12/03/2014 WITHIN THREE MONTHS
IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS
16-DEC-2022
|
|
| 155 |
|
|
RIYAS CHOLAMUGHATH
(PAN:AHLPC7638J)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
28-JUL-2026
|
|
| 156 |
|
|
ROHAN GUPTA
(PAN:BFGPG4350H)
|
|
|
INDULGED IN PROVIDING STOCK RECOMMENDATIONS THROUGH SOCIAL MEDIA PLATFORMS WITH THE INTENT TO ARTIFICIALLY INFLATE THE MARKET PRICE OF VARIOUS SCRIPS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(A), 4(2)(D), 4(2)(E) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003
ACTED AS RESEARCH ANALYST WITHOUT SEBI REGISTRATION
|
DIRECTED TO IMPOUND UNLAWFUL GAIN RS.13,61,89,366
DIRECTED TO OPEN FIXED DEPOSIT ACCOUNTS EITHER IN ANY NOTICEE’S NAME OR JOINTLY/SEVERALLY WITH LIEN MARK IN FAVOUR OF SEBI AND MONIES KEPT THEREIN NOT TO BE RELEASED WITHOUT PERMISSION FROM SEBI
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-MAY-2026 UNTIL FURTHER ORDER
DIRECTED BANKS THAT NO DEBIT SHALL BE MADE WITHOUT PERMISSION OF SEBI
DIRECTED DEPOSITORIES THAT NO DEBIT TO BE MADE WITHOUT PERMISSION OF SEBI
DIRECTED BANKS AND/OR DEPOSITORIES AND/OR CUSTODIANS TO ENSURE STRICT ENFORCEMENT OF DIRECTIONS
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF COMPLYING WITH THIS ORDER
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 NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS/PROPERTIES/ SECURITIES
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
CEASED AND DESIST FROM OFFERING UNREGISTERED RESEARCH ANALYST SERVICES FROM ACTING AS OR HOLDING THEMSELVES OUT TO BE RESEARCH ANALYSTS
CEASED TO SOLICIT OR UNDERTAKE SUCH ACTIVITY OR ANY OTHER UNREGISTERED OR FRAUDULENT ACTIVITY IN SECURITIES MARKET DIRECTLY OR INDIRECTLY IN ANY MANNER WHATSOEVER
22-MAY-2026
|
SAT: SAT VIDE ITS ORDER DATED 17/07/2026 DISMISSED THE APPEAL AS WITHDRAWN. NO COSTS
|
| 157 |
|
|
ROHIT NAGRAJ
(PAN:ACMPT4282H)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 158 |
|
|
S.BALAJI
(PAN:BDAPS8421H)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
04-AUG-2026
|
|
| 159 |
|
|
S.SATHISH KUMAR
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 27-MAR-2025
27-MAR-2025
|
|
| 160 |
|
|
S.VENKATESHWAR RAO
(PAN:BODPS6754K)
|
|
|
DID NOT PAY RENEWAL FEE AS RESEARCH ANALYST
|
CANCELLED REGISTRATION AS RESEARCH ANALYST
09-JUL-2026
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 8 of 11
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