| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AMRITA AMAR VAKIL
(PAN:ABYPV2897F)
|
|
|
ALLEGED VIOLATION OF REGULATION 10(4)(C) OF SEBI (DELISTING) REGULATIONS, 2021 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATION 4(1)(G) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATIONS 4(2)(F)(III)(3) AND (6) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF SECTION 166(2) AND 166(3) OF COMPANIES ACT, 2013 IN THE MATTER OF ELCID INVESTMENTS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.8,12,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
21-MAY-2024
|
|
| 2 |
|
|
ASHOK KUMAR KOLLA
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 3 |
|
|
DIPIKA AMAR VAKIL
(PAN:AAFPV5603F)
|
|
|
ALLEGED VIOLATION OF REGULATION 10(4)(C) OF SEBI (DELISTING) REGULATIONS, 2021 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATION 4(1)(G) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATIONS 4(2)(F)(III)(3) AND (6) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF SECTION 166(2) AND 166(3) OF COMPANIES ACT, 2013 IN THE MATTER OF ELCID INVESTMENTS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.8,12,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
21-MAY-2024
|
|
| 4 |
|
|
ESWAR RAO
(PAN:AFIPM0175K)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.11,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.11,56,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 10/07/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 21/08/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.10,51,712.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 03/09/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 10/07/2024
SEBI VIDE ITS ORDER DATED 03/09/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7460 OF 2023 DATED 12/12/2023
|
| 5 |
|
|
GOPAL KUPPSWAMI
|
|
|
DID NOT PAY DIVIDEND WITHIN STIPULATED PERIOD
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
|
PROSECUTION LAUNCHED
15-JUL-2015
|
|
| 6 |
|
|
K.RAMACHANDRA REDDY
(PAN:AFGPK1990L)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.10,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.10,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 18/06/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 29/05/2024
SEBI VIDE ITS ORDER DATED 18/06/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7455 OF 2023 DATED 12/12/2023
|
| 7 |
|
|
KANNURI NAUDI RAJESH
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 8 |
|
|
MADHUMOHAN REDDY MARAMREDDY
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 9 |
|
|
MADURAI GAJANATHAN
|
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 10 |
|
|
P.CHADRAKALA
(PAN:BYEPP9563Q)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.11,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.11,56,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 CONDONED THE DELAY IN FILING OF REPLY BY RESPONDENT AND ALLOWED THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/04/2024 ALLOWED APPELLANT ADDITIONAL THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 03/07/2024 GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 05/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.12,33,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SAT: SAT VIDE ITS ORDER DATED 23/08/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 09/10/2024 GRANTED APPELLANT EXTENSION OF TIME TO FILE REJOINDERS
|
| 11 |
|
|
P.VENKATARAM REDDY
(PAN:BYEPP9569E)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.10,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.10,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 CONDONED THE DELAY IN FILING OF REPLY BY RESPONDENT AND ALLOWED THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/04/2024 ALLOWED APPELLANT ADDITIONAL THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 03/07/2024 GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 05/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.11,21,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SAT: SAT VIDE ITS ORDER DATED 23/08/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 09/10/2024 GRANTED APPELLANT EXTENSION OF TIME TO FILE REJOINDERS
|
| 12 |
|
|
PARTHASARATHY SRIKANTH
|
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 13 |
|
|
RAJARAJU KOTHAPALLI
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 14 |
|
|
RAMANUJAM SHESHARATHNAM
|
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 15 |
|
|
S.KONI REDDY
(PAN:APHPR3654R)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.15,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.15,76,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 05/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.16,81,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 19/08/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 29/05/2024
SEBI VIDE ITS ORDER DATED 19/08/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7457 OF 2023 DATED 12/12/2023
|
| 16 |
|
|
S.NAGI REDDY
(PAN:AIRPS8676D)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.15,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.15,76,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 05/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.16,81,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 29/08/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 29/05/2024
SEBI VIDE ITS ORDER DATED 29/08/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7454 OF 2023 DATED 12/12/2023
|
| 17 |
|
|
SRIDHAR REDDY GADDAM
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 18 |
|
|
SUDARSHAN VENKATRAMAN
|
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| 19 |
|
|
T.NARASIMHA REDDY
(PAN:AQBPT1842Q)
|
|
|
|
CONCORD DRUGS LTD.
(PAN:AAACC8171D)
|
|
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
TRANSACTED WITH STRUCK OFF ENTITY
DID NOT FILE LIMITED REVIEW REPORT TO STOCK EXCHANGES
WRONGLY REPORTED TRADE RECEIVABLES
MISREPRESENTED IN FINANCIALS OF DEBTORS-CREDITORS NETTING OFF
DISCREPANCIES / DEFICIENCIES IN DOCUMENTATION FOUND IN TRANSACTIONS ENTERED WITH BHUVANA ENTERPRISES
APPOINTED INELIGIBLE INDEPENDENT DIRECTORS
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF CONCORD DRUGS LTD.
DEFAULTED IN APPOINTMENT OF COMPLIANCE OFFICER VIOLATING REGULATION 6(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE SUFFICIENT AND ADEQUATE INTERNAL CONTROL IN PLACE
|
IMPOSED PENALTY RS.16,00,000
11-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 12/12/2023 DIRECTED TO PAY RS.16,81,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 CONDONED THE DELAY IN FILING OF REPLY BY RESPONDENT AND ALLOWED THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/04/2024 ALLOWED APPELLANT ADDITIONAL THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS ORDER DATED 29/05/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 03/07/2024 GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 05/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.17,93,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SAT: SAT VIDE ITS ORDER DATED 23/08/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 09/10/2024 GRANTED APPELLANT EXTENSION OF TIME TO FILE REJOINDERS
|
| 20 |
|
|
URITI SRIKANTH
|
|
|
|
MIDFIELD INDUSTRIES LTD.
|
|
VIOLATED SECTION 207 OF COMPANIES ACT, 1956
VIOLATED SECTION 127 OF COMPANIES ACT, 2013
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SECTION 24 (2) OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-DEC-2016
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
| |
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