| 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
|
| 4 |
|
|
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
