| 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 |
|
|
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DID NOT TENDER SHARES IN OPEN OFFER DURING TENDER PERIOD AND THE REMAINING AMOUNT WAS WITHDRAWN AND PAID TO ACQUIRER, WHICH WAS LESS THAN 30 DAYS FROM THE CLOSURE OF TENDER PERIOD IN MATTER OF AKM LACE & EMBROTEX LTD., SPACEAGE PRODUCTS LTD., SPECULAR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
|
|
| 3 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DELAY IN CREATION OF ESCROW ACCOUNT AND DEPOSIT OF ESCROW MONEY VIOLATING REGULATION 17(1) OF SAST REGULATIONS, 2011 IN MATTER OF SPACEAGE PRODUCTS LTD. AND SPECULAR MARKETING FINANCE LTD.
DID NOT CARRY OUT PROPER DUE DILIGENCE TO ENSURE COMPLIANCE WITH SAST REGULATIONS VIOLATING REGULATION 27(5) OF SAST REGULATIONS, 2011 IN MATTER OF SPACEAGE PRODUCTS LTD. AND SPECULAR MARKETING FINANCE LTD.
|
IMPOSED PENALTY RS.6,00,000
28-MAR-2022
|
SEBI VIDE ITS NOTICE DATED 16/06/2022 DIRECTED TO PAY RS.6,25,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 4 |
|
|
FAST TRACK FINSEC PVT.LTD.
(PAN:AABCF4818P)
|
|
|
DID NOT EXERCISE DUE DILIGENCE, CARE AND PROFESSIONAL JUDGEMENT IN ENSURING 25% OF CONSIDERATION AMOUNT OF OPEN OFFER DEPOSITED IN ESCROW ACCOUNT AT THE TIME OF MAKING PUBLIC ANNOUNCEMENT VIOLATING REGULATION 27(5) OF SAST REGULATIONS, 2011 IN MATTER OF ORIENT TRADELINK LTD.
|
IMPOSED PENALTY RS.2,00,000
27-JAN-2022
|
|
| 5 |
|
|
FINSHORE MANAGEMENT SERVICES LTD.
(PAN:AABCF8557F)
|
|
|
DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING REGULATIONS 16(4) AND 27(5) OF SAST REGULATIONS, 2011
DID NOT ADHERE TO SEBI OBSERVATION LETTER DATED 11/01/2022 WITH RESPECT TO OPEN OFFER OF MEHAI TECHNOLOGY LTD. VIOLATING CLAUSES 6 AND 7 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING CLAUSES 4 AND 6 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DID NOT CLASSIFY TWO ENTITIES UNDER PROMOTER GROUP OF THE ISSUER, INDONG TEA CO.LTD. VIOLATING REGULATION 245(3) READ WITH SCHEDULE VI OF SEBI (ICDR) REGULATIONS, 2018
DID NOT UPLOAD INVESTOR CHARTER ON ITS WEBSITE
DID NOT CREATE AND UTILISE DEDICATED EMAIL ID FOR INVESTOR GRIEVANCES
USED PERSON-CENTRIC EMAIL IDS INSTEAD OF GENERAL EMAIL IDS FOR REGULATORY COMMUNICATIONS
DID NOT MAINTAIN LIST OF DESIGNATED PERSONS, STRUCTURED DIGITAL DATABASE AND DEFICIENCIES IN THE INTERNAL CONTROLS PUT IN PLACE BY MERCHANT BANKER VIOLATING REGULATIONS 3, 9, 9A AND SCHEDULE C OF SEBI (PIT) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF INFORMATION IN REPLY TO PIQ WITH RESPECT TO ADMINISTRATIVE WARNINGS AND DEFICIENCY LETTERS PREVIOUSLY ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,000
30-MAY-2024
|
|
| 6 |
|
|
KUNVARJI FINSTOCK PVT.LTD.
(PAN:AAACK8760E)
|
|
|
DID NOT ENSURE THAT CONTENTS OF LETTER OF OFFER WERE TRUE FAIR AND ADEQUATE IN ALL MATERIAL ASPECTS VIOLATING REGULATIONS 27(2) AND 27(5) OF SAST REGULATIONS, 2011 AND REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF MEDIAONE GLOBAL ENTERTAINMENT LTD.
|
IMPOSED PENALTY RS.3,00,000
07-NOV-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
