| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.K.CAPITAL SERVICES LTD.
(PAN:AAACA1069L)
|
|
|
ALLEGED TO DEVISED A SCHEME WHEREIN AK GROUP BY USING THE POWERS OF ATTORNEY (POA) SUBMITTED BID APPLICATIONS FOR 1,408,015 NCDS ON BEHALF OF 911 APPLICANTS IN PUBLIC ISSUE OF NCD VIOLATING CLAUSES 2, 3, 9, 19, 27 AND 32 SPECIFIED IN SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 READ WITH SEBI CIRCULAR NO.CIR. /IMD/DF/22/2011 DATED 26/12/2011 IN MATTER OF ISSUANCE OF NCDS BY DEWAN HOUSING CORP.LTD.
ALLEGED PURSUANT TO ALLOTMENT OF NCDS, AK CAPITAL GROUP, BY USING THE POWER OF ATTORNEY SOLD OF THE NCDS ALLOTTED TO 911 APPLICANTS TO EASPL AND RSDPL THROUGH OFF-MARKET TRANSACTIONS IN MATTER OF ISSUANCE OF NCDS BY DEWAN HOUSING CORP.LTD.
ALLEGED INDULGENCE IN UNFAIR TRADE PRACTICE, ACTED TO PROVIDE GUARANTEED EXITS AT A PROFIT TO 911 APPLICANTS ON THE DAY OF LISTING OR ON NEXT DAY BY SHARING PART OF COMMISSION/ BROKERAGE/ INCENTIVES RECEIVED BY THEM VIOLATING REGULATIONS 4(1) AND/OR 4(2) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ISSUANCE OF NCDS BY DEWAN HOUSING CORP.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.54,67,500, DISGORGEMENT AMOUNT RS.20,25,000, INTEREST RS.15,74,507 VIDE CONSENT ORDER)
16-OCT-2025
|
|
| 2 |
|
|
COMFORT SECURITIES LTD.
(PAN:AABCC9625R)
|
|
|
INDULGED IN SIPHONING OFF/DIVERSION OF RS.33.83 CRORES IN IPO PROCEEDS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
DID NOT EXERCISE DUE DILIGENCE, SKILL AND CARE AS INDEPENDENT PROFESSIONAL JUDGEMENT WHILE ACTING AS BOOK RUNNING LEAD MANAGER VIOLATING REGULATIONS 64(1), 8(2) (B), (E) AND (F) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 19-OCT-2022 TO 18-OCT-2023
19-OCT-2022
|
SAT: SAT VIDE ITS ORDER DATED 02/01/2023 ALLOWED RESPONDENT FURTHER ONE WEEK TO FILE REPLY AND REJOINDER TO BE FILED WITHIN TEN DAYS THEREAFTER
|
| 3 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
DIVERTED AND MIS-UTILIZED FUNDS RAISED THROUGH INITIAL PUBLIC OFFERING (IPO) VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SYNOPTICS TECHNOLOGIES LTD.
|
DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET FROM 06-MAY-2025 TILL FURTHER ORDERS
DIRECTED TO APPOINT A MONITORING AGENCY TO MONITOR USE OF PROCEEDS IRRESPECTIVE OF ISSUE SIZE
06-MAY-2025
|
SAT: SAT VIDE ITS ORDER DATED 31/07/2025 APPELLANT TO FILE REPLY WITHIN TWO WEEKS AND DIRECTED SEBI TO PASS CONFIRMATORY ORDER WITHIN EIGHT WEEKS FROM DATE OF APPELLANT FILING REPLY
SEBI VIDE ITS ORDER DATED 03/10/2025 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 06/05/2025
SAT: SAT VIDE ITS ORDER DATED 19/12/2025 DISMISSED THE APPEAL. NO COSTS
|
| 4 |
|
|
FIRST OVERSEAS CAPITAL LTD.
(PAN:AAACL4737A)
|
|
|
|
RUSHABH SHROFF
PAN:ATZPS8741C
|
|
|
SATISH VADILAL SHETH
PAN:AAQPS3939Q
|
|
PUBLISHED MISLEADING INFORMATION IN RELATION TO SME IPO AND INDUCED INVESTORS TO SALE AND PURCHASE SECURITIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) READ WITH 2(1)(C) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VEERKRUPA JEWELERS LTD.
DID NOT EXERCISE DUE DILIGENCE AND ENSURE ACCURATE DISCLOSURES IN IPO DOCUMENTS VIOLATING CLAUSE 1(A) OF SCHEDULE IX READ WITH REGULATION 263 OF SEBI (ICDR) REGULATIONS, 2018 IN MATTER OF VEERKRUPA JEWELERS LTD.
DID NOT EXERCISE DUE DILIGENCE AND ENSURE ACCURATE DISCLOSURES IN IPO DOCUMENTS VIOLATING CLAUSES 4 AND 6 OF SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF VEERKRUPA JEWELERS LTD.
|
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 23-OCT-2027 TO 22-OCT-2032
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 23-OCT-2027 TO 22-OCT-2032
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS
IMPOSED PENALTY RS.30,00,000
29-MAY-2026
|
SAT: SAT VIDE ITS ORDER DATED 24/06/2026 GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. STAYED DEBARMENT AND RECOVERY PROCEEDINGS, SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 20/07/2026 CONDONED THE DELAY OF 6 DAYS IN FILING OF APPEAL. ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT
|
| 5 |
|
|
INVENTURE MERCHANT BANKER SERVICES PVT.LTD.
(PAN:AACCI7082H)
|
|
|
TRANSFERRED FUNDS TO THIRD PARTIES IN GUISE OF ISSUE RELATED EXPENSES ON INSTRUCTION OF LEAD MANAGER, MUCH HIGHER THAN ISSUE RELATED EXPENSES DISCLOSED IN PROSPECTUS VIOLATING REGULATION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VARYAA CREATIONS LTD.
|
DIRECTED NOT TO TAKE UP ANY NEW ASSIGNMENT OF MERCHANT BANKER IN SECURITIES MARKET FROM 14-MAY-2025 UNTIL FURTHER ORDERS
DIRECTED TO APPOINT A MONITORING AGENCY TO MONITOR USE OF PROCEEDS IRRESPECTIVE OF ISSUE SIZE
14-MAY-2025
|
SEBI VIDE ITS ORDER DATED 29/12/2025 VACATED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 14/05/2025
SAT: SAT VIDE ITS ORDER DATED 19/01/2026 DISMISSED THE APPEAL AS INFRUCTUOUS. NO COSTS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
