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UPDATED TILL : 28-AUG-2025

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.

MERCHANT BANKERS: VIOLATED SEBI ACT, 1992

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

ARYAMAN FINANCIAL SERVICES LTD.

(PAN:AABCA1376P)

ALLEGED INDULGENCE IN VIOLATION OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000

ALLEGED INDULGENCE IN VIOLATION OF SEBI TAKEOVER CODE, 1997

ALLEGED INDULGENCE IN VIOLATION OF SEBI (BUY-BACK OF SECURITIES) REGULATIONS, 1998

ALLEGED INDULGENCE IN VIOLATION OF SEBI ACT, 1992

ALLEGED INDULGENCE IN SEBI (MERCHANT BANKER) REGULATIONS, 1992

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

02-SEP-2009

FIRST GLOBAL FINANCE PVT.LTD.

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DEVINA MEHRA

SHANKAR SHARMA

VIOLATED SECTION 11 (3) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-MAY-2006

HOFFLAND FINANCE LTD.

(Member : BGSE/JSE)

A.SUBBA RAO

BRIJ BHUSHAN SHARMA

BRIJ KISHORE KAPUR

JAGDISH NARAYAN

M.N.PADAM

NAVEEN CHANDRA PANDEY

NAVIN PANDEY

PRAMODH KAPUR

SURAJ PAL SHARMA

VIOLATED SECTION 26 OF SEBI ACT, 1992

VIOLATED SEBI ACT, 1992

VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993

ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992

PROSECUTION LAUNCHED

15-MAY-2006

A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM

A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM.

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

PANTHER FINCAP & MANAGEMENT SERVICES LTD.

(PAN:AAACP3045P)

JAYANT N.PAREKH

KARTIK KIRTIKUMAR PAREKH

DIN:00009502

KETAN VINAYCHANDRA PAREKH

DIN:00009468
PAN:AADPP1505A

KIRTIKUMAR NARBHERAM PAREKH

DIN:00009494

NAVINCHANDRA NARBHERAM PAREKH

DIN:00009547

VIPUL DINESH PAREKH

VIOLATED SEBI ACT, 1992

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

DISMISSED

ACCUSED NO.2 KARTIK KIRTIKUMAR PAREKH AND ACCUSED NO.5 KETAN VINAYCHANDRA PAREKH RESPECTIVELY ARE HEREBY HELD GUILTY ARE HEREBY SENTENCED TO UNDERGO RIGOROUS IMPRISONMENT FOR THREE YEARS AND SHALL FURTHER PAY A FINE OF RS.5,00,000.00 EACH ACCUSED NO.3 NAVINCHANDRA NARBHERAM PAREKH AND ACCUSED NO.4 KIRTIKUMAR NARBHERAM PAREKH ARE HEREBY ACQUITTED