| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AFCO CAPITAL INDIA PVT.LTD.
(PAN:AACCF0194M)
|
|
|
DID NOT OPEN SEPARATE ACQUISITION WINDOW IN OPEN OFFER OF STANDARD SHOE SOLE & MOULD (INDIA) LTD. VIOLATING REGULATION 27(5) OF SAST REGULATIONS READ WITH PARA TITLED “ACQUISITION WINDOW” OF CHAPTER 4 OF SEBI MASTER CIRCULAR DATED 16/02/2023, CLAUSES 3 AND 4 OF CODE OF CONDUCT FOR MERCHANT BANKERS, 1992
DELAY IN SUBMISSION OF HALF-YEARLY REPORT
DELAY IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 28A OF SEBI (MERCHANT BANKER) REGULATIONS, 1992 READ WITH CLAUSE 3 OF SEBI CIRCULAR DATED 02/05/2017
DELAY IN INTIMATION TO SEBI REGARDING RESIGNATION AND APPOINTMENT OF COMPLIANCE OFFICERS VIOLATING REGULATION 9A(1)(F) OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
24-NOV-2025
|
|
| 2 |
|
|
ANAND RATHI ADVISORS LTD.
(PAN:AAACS6836P)
|
|
|
DID NOT MAKE DISCLOSURE OF ICD IN IPO OFFER DOCUMENT DR.DATSONS LAB LTD. VIOLATING REGULATION 64(1) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT MAKE DISCLOSURE OF ICD IN IPO OFFER DOCUMENT DR.DATSONS LAB LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4, 6 TO 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
31-JUL-2018
|
|
| 3 |
|
|
ARYAMAN FINANCIAL SERVICES LTD.
(PAN:AABCA1376P)
|
|
|
DID NOT ENSURE APPROPRIATE CLASSIFICATION OF PROMOTERS IN OFFER DOCUMENT/PROSPECTUS
|
IMPOSED PENALTY RS.1,00,000
29-DEC-2023
|
|
| 4 |
|
|
ARYAMAN FINANCIAL SERVICES LTD.
(PAN:AABCA1376P)
|
|
|
DID NOT CONDUCT INDEPENDENT DUE DILIGENCE WITH RESPECT TO DISCLOSURES MADE IN LETTER OF OFFER REGARDING EDUCATIONAL QUALIFICATIONS OF ACQUIRERS
DID NOT UPDATE CODE OF CONDUCT ADOPTED UNDER SCHEDULE B AND SCHEDULE C OF SEBI (PIT) REGULATIONS, 2015
|
IMPOSED PENALTY RS.2,00,000
31-MAY-2024
|
|
| 5 |
|
|
ASHIKA CAPITAL LTD.
(PAN:AADCA4563C
CIN:U30009WB2000PLC091674)
|
|
|
INDULGED IN SIPHONING OFF FUNDS RS.64.43 CRORES OF IPO PROCEEDS IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE WITH RESPECT TO INFORMATION AND DECLARATION IN RHP/PROSPECTUS IN IPO OF SUDAR INDUSTRIES LTD. VIOLATING REGULATION 13 READ WITH CLAUSES 1 TO 4,6,7 AND 21 OF SCHEDULE III OF CODE OF CONDUCT OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
06-APR-2020
|
|
| 6 |
|
|
ATHERSTONE CAPITAL MARKETS LTD.
(PAN:AAGCA1449J)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATIONS 64(1), 8(2) (B), (E) AND (F), 57 READ WITH CLAUSE 2 (IV) (H) (24) & (31) SPECIFIED UNDER PART A OF SCHEDULE VIII OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF ONELIFE CAPITAL ADVISORS LTD.
DID NOT EXERCISE DUE DILIGENCE AS A SEBI REGISTERED MERCHANT BANKER AS REQUIRED UNDER REGULATION 13 OF SEBI MERCHANT BANKING REGULATION READ WITH CLAUSES 1 TO 4, 6, 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF ONELIFE CAPITAL ADVISORS LTD.
|
IMPOSED PENALTY RS.12,00,000
15-MAR-2018
|
|
| 7 |
|
|
AXIS BANK LTD.
(PAN:AAACU2414K)
|
|
|
DID NOT REPORT/SUBMIT TRANSACTION DETAILS TO SEBI IN RESPECT OF NINE PUBLIC ISSUE OF DEBT OF VARIOUS COMPANIES, WHEREIN IT HAD ACQUIRED THE SECURITIES VIOLATING REGULATION 27 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
24-MAR-2022
|
|
| 8 |
|
|
AXIS CAPITAL LTD.
(PAN:AAACU8367M)
|
|
|
DID NOT MAKE DISCLOSURE IN RHP REGARDING REJECTION OF PROPOSAL OF FOREST DIVERSION OF ITS IRON ORE MINE BY MINISTRY OF ENVIRONMENT AND FOREST (MOEF) VIOLATING REGULATION 57(1), 57(2) (A) (II) AND 64 (1) OF SEBI (ICDR REGULATIONS), 2009 AND REGULATION 13 OF THE MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF IPO OF ELECTROCSTEEL CASTINGS LTD.
|
IMPOSED PENALTY RS.50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 14/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.50 LACS FROM RS.1.0 CRORE TO BE PAID JOINTLY AND SEVERALLY BY THE APPELLANTS
|
| 9 |
|
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
|
|
|
DID NOT UPDATE TRACK RECORD ON ITS WEBSITE REGARDING UTILISATION OF IPO PROCEEDS VIOLATING REGULATION 13 READ WITH CLAUSES 3, 4 AND 6 OF CODE OF CONDUCT FOR MERCHANT BANKERS UNDER SCHEDULE III OF SEBI (MERCHANT BANKERS REGULATIONS), 1992 AND CLAUSE 3 OF SEBI CIRCULAR NO.CIR/MIRSD/1/2012 DATED 10/01/2012 AND CLAUSE 8 OF CHAPTER II OF MASTER CIRCULAR FOR MERCHANT BANKERS DATED 26/09/2023 IN MATTER OF SIGMA SOLVE LTD.
|
IMPOSED PENALTY RS.1,00,000
25-SEP-2025
|
|
| 10 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT ENSURE ADEQUATE, ACCURATE/COMPLETE AND ALL RELEVANT MATERIAL DISCLOSURES IN IPO PROSPECTUS VIOLATING REGULATION 64(1) OF ICDR REGULATIONS IN MATTER OF RUSHIL DÉCOR LTD.
DID NOT EXERCISE DUE DILIGENCE AND VERIFY ADEQUACY OF DISCLOSURES IN IPO PROSPECTUS VIOLATING REGULATION 13 OF MERCHANT BANKERS REGULATIONS READ WITH CLAUSES 1 TO 7 AND 21 OF CODE OF CONDUCT FOR MERCHANT BANKERS SPECIFIED IN SCHEDULE III OF MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF RUSHIL DÉCOR LTD.
|
IMPOSED PENALTY RS.8,00,000
12-MAY-2017
|
SAT: APPEAL DISMISSED
|
| 11 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT MAKE DISCLOSURE OF REFERENCE TO WEB LINK TO ENABLE INVESTORS TO MONITOR POST ISSUE PERFORMANCE OF THE ISSUES HANDLED FOR A PERIOD OF THREE YEARS FROM THE DATE OF LISTING IN PROSPECTUS OF AMRAPALI CAPITAL & FINANCE SERVICES LTD.
DID NOT MAKE DISCLOSURE OF COMPLETE AND ADEQUATE INFORMATION TO INVESTORS TO ARRIVE AT A FAIR JUDGEMENT TO INVEST IN THE ISSUE OF ACE TOURS WORLDWIDE LTD. VIOLATING CLAUSE 4, 6 & 7 OF SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKER) REGULATIONS, 1992
DID NOT MAKE DISCLOSURE OF COMPLETE AND ADEQUATE INFORMATION TO INVESTORS TO ARRIVE AT A FAIR JUDGEMENT TO INVEST IN THE ISSUE OF ACE TOURS WORLDWIDE LTD. VIOLATING REGULATION 57(1) OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009
|
IMPOSED PENALTY RS.15,00,000
22-FEB-2017
|
SAT: SAT VIDE ITS ORDER DATED 29/03/2019 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 22/02/2017. NO COSTS
|
| 12 |
|
|
CORPORATE STRATEGIC ALLIANZ LTD.
(PAN:AACCC8085A)
|
|
|
DID NOT EXERCISE DUE DILIGENCE TO VERIFY TRUE AND CORRECT STATEMENTS ADEQUACY OF DISCLOSURE MADE IN IPO PROSPECTUS VIOLATING REGULATION 64(1) AND CLAUSES 1, 4, 6 AND 7 SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 2003 IN MATTER OF IPO OF TIMBOR HOME LTD.
|
IMPOSED PENALTY RS.1,00,000
23-MAR-2021
|
SEBI VIDE ITS NOTICE DATED 31/08/2021 DIRECTED TO PAY RS.1,06,293.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 23/08/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.4133 OF 2021 DATED 31/08/2021
|
| 13 |
|
|
DOOGAR & ASSOCIATES LTD.
|
|
|
DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997
|
IMPOSED PENALTY RS.50,000
26-JUN-2002
|
SAT: APPEAL FOR STAY OF INTERIM ORDER NOT ALLOWED
|
| 14 |
|
|
DOOGAR & ASSOCIATES LTD.
|
|
|
DID NOT ADHERE TO SEBI TAKEOVER REGULATIONS, 1997
|
IMPOSED PENALTY RS.50,000
05-DEC-2001
|
SAT: APPEAL ALLOWED
|
| 15 |
|
|
DSP MERRILL LYNCH LTD.
(PAN:AAACD0535G)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 16 |
|
|
EDELWEISS FINANCIAL SERVICES LTD.
(PAN:AAACE1461E)
|
|
|
DID NOT MAKE DISCLOSURE IN RHP REGARDING REJECTION OF PROPOSAL OF FOREST DIVERSION OF ITS IRON ORE MINE BY MINISTRY OF ENVIRONMENT AND FOREST (MOEF) VIOLATING REGULATION 57(1), 57(2) (A) (II) AND 64 (1) OF SEBI (ICDR REGULATIONS), 2009 AND REGULATION 13 OF THE MERCHANT BANKERS REGULATIONS, 1992 IN MATTER OF IPO OF ELECTROCSTEEL CASTINGS LTD.
|
IMPOSED PENALTY RS.50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 14/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.50 LACS FROM RS.1.0 CRORE TO BE PAID JOINTLY AND SEVERALLY BY THE APPELLANTS
|
| 17 |
|
|
EDELWEISS FINANCIAL SERVICES LTD.
(PAN:AAACE1461E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 18 |
|
|
ENAM SECURITIES PVT.LTD.
|
|
|
DID NOT MAKE DISCLOSURE OF RABOBANK AS PROMOTER IN PROSPECTUS OF YES BANK LTD.
DID NOT MAKE DISCLOSURE PERTAINING TO ALLOCATION OF SHARES TO QIBS AND DID NOT MAINTAIN CONSISTENCY IN ALLOTMENT OF SHARES WITHIN SAME CATEGORY IN MATTER OF PUBLIC ISSUE OF YES BANK LTD.
DID NOT MONITOR FLOW OF APPLICATIONS & OTHER MATTERS PURSUANT TO CLOSURE OF PUBLIC ISSUES, ALLOTTED SHARES TO NON EXISTING DP IDS AND INDULGED IN OTHER IRREGULARITIES IN MATTER OF PUBLIC ISSUE OF YES BANK LTD.
|
IMPOSED PENALTY RS.25,00,000
31-DEC-2010
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 31/12/2010 SET ASIDE. NO ORDER AS TO COSTS
|
| 19 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DID NOT OBTAIN ANY DOCUMENTS/ OR CARRIED OUT NECESSARY DUE DILIGENCE TO VERIFY QUALIFICATIONS AND EXPERIENCE OF DIRECTORS IN MATTER OF IPO OF TREKKINGTOES.COM LTD.
COMMITTED IRREGULARITIES WITH RESPECT TO TAKEOVER THROUGH OPEN OFFER IN MATTER OF KD LEISURE LTD., AKM LACE & EMBROTEX LTD., SPACEAGE PRODUCTS LTD., SPECULAR MARKETING & FINANCE LTD. AND ORACLE CREDIT LTD.
DID NOT FILE DRAFT LETTER OF OFFER WITHIN FIVE DAYS FROM DATE OF DETAILED PUBLIC STATEMENT IN MATTER OF KD LEISURE LTD., SPACEAGE PRODUCTS LTD., SPECULAR MARKETING & FINANCE LTD.
DELAY IN MAKING PUBLIC ANNOUNCEMENT ON DATE OF AGREEING TO ACQUIRE SHARES OR VOTING RIGHTS IN MATTER OF AKM LACE & EMBROTEX LTD., ORACLE CREDIT LTD.
DID NOT TENDER SHARES IN OPEN OFFER DURING TENDER PERIOD AND THE REMAINING AMOUNT WAS WITHDRAWN AND PAID TO ACQUIRER, WHICH WAS LESS THAN 30 DAYS FROM THE CLOSURE OF TENDER PERIOD IN MATTER OF AKM LACE & EMBROTEX LTD., SPACEAGE PRODUCTS LTD., SPECULAR MARKETING & FINANCE LTD.
DID NOT MAKE DISCLOSURE OF SALIENT FEATURES OF SHARE PURCHASE AGREEMENT AND SHARE SUBSCRIPTION AGREEMENT IN THE LETTER OF OFFER
- DID NOT MAKE DISCLOSURE OF NET WORTH, FINANCIALS OF PERSONS ACTING IN CONCERT, THEIR DIRECTORSHIPS IN COMPANIES AND CONTINGENT LIABILITIES
DISCREPANCIES IN PERIODIC REPORTS
DID NOT MAKE DISCLOSURE OF TRACK RECORD ON ITS WEBSITE
DELAY IN DISPLAYING OF TRACK RECORD ON ITS WEBSITE
COMMITTED IRREGULARITIES WITH RESPECT TO INTERNAL CODE OF CONDUCT
DID NOT HAVE MINUTES OF BOARD MEETING MAINTAIN FOR APPROVAL OF CODE OF CONDUCT AND ETHICS
COMMITTED IRREGULARITIES W.R.T. MERCHANT BANKER CERTIFICATION
|
IMPOSED PENALTY RS.6,00,000
10-DEC-2025
|
|
| 20 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DID NOT CARRY OUT NECESSARY DUE DILIGENCE AND INDEPENDENT VERIFICATION OF THE FACTS STATED IN THE PROSPECTUS REGARDING THE PROJECTS OF THE COMPANY IN MATTER OF SBL INFRATECH LTD.
|
IMPOSED PENALTY RS.5,00,000
16-MAY-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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