| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 241 |
|
RINKI S.GANDHI
|
|
|
|
MOTOROL ENTERPRISES LTD.
|
|
|
MOTOROL INDIA LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
FAILED TO PAY PENALTY
|
PROSECUTION LAUNCHED
15-MAY-2006
|
THE OFFENCE WAS COMPOUNDED RS.3,60,000.00
|
| 242 |
|
|
RIPJIT SINGH BRAR
|
|
|
|
CHANDIGARH PACKAGING PRODUCTS LTD.
|
|
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 243 |
|
|
ROOPALBEN NARESHBHAI PANCHAL
(PAN:AFVPP3739H)
|
|
|
FILED APPLICATION FOR SUBSCRIPTION AND/OR ACQUISITION OF SHARES IN FICTITIOUS NAME
VIOLATED SECTION 12A OF SEBI ACT.,1992
VIOLATED SECTION 24 (1) OF SEBI ACT, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED SEBI DEPOSITORIES ACT, 1996
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 244 |
|
|
RUDRA PRATAP
|
|
|
|
CRANES SOFTWARE INTERNATIONAL LTD.
|
|
DID NOT PAY DIVIDEND WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
25-AUG-2016
|
|
| 245 |
|
|
S.HARIDAS
|
|
|
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED 2 SENTENCED WITH FINE OF RS.10000. A-4 & 6 ACQUITTED. CASE AGAINST ACCUSED-3, 5, 7 & 8 HAS BEEN SPLIT AND THE COURT VIDE ORDER DATED 28.02.2007 DISMISSED THE COMPLAINT AGAINST A3, 5,7, & 8 WITH A LIBERTY TO SEBI TO SEEK REVIVAL OF PROCEEDINGS ON OBTAINING THE ADDRESS OF THE ACCUSED. A-1 WAS DISCHARGED AS PER ORDER IN ON 10/1/2002. CASE AGAINST A-9 & 10 DISMISSED ON 5/11/99
|
| 246 |
|
|
S.K.AGARWAL
|
|
|
|
SRG INFOTECH (INDIA) LTD.
|
|
VIOLATED SEBI ACT, 1992
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 247 |
|
|
S.K.GANDHI
|
|
|
|
MOTOROL INDIA LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 248 |
|
|
S.K.GUPTA
|
|
|
|
BRAHASPATI FINANCERS LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
31-MAR-2010
|
|
| 249 |
|
|
S.K.KAPADIA
|
|
|
|
AASHI PHARMACHEM LTD.
|
|
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 250 |
|
|
S.L.BALUJA
|
|
|
|
TOUBRO INFOTECH & INDUSTRIES LTD.
|
|
ISSUED SHARE/DEBENTURE APPLICATION FORMS WITHOUT ATTACHING A COPY OF THE PROSPECTUS/ABRIDGED PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAR-2003 TO 24-MAR-2008
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAR-2003 TO 24-MAR-2008
DIRECTED TO REFUND THE MONEY RAISED, TO DEBENTURE HOLDERS WITH INTEREST @10% WITHIN A PERIOD OF TWO WEEKS FROM DATE OF THIS ORDER
28-MAR-2001
|
SAT: SAT VIDE ITS ORDER DATED 19/07/2004 1.SET ASIDE ORDER DATED 25/03/2003, DIRECTING APPELLANTS TO REFUND MONEY WITH 10% INTEREST TO DEBENTURE HOLDERS 2.MODIFIED ORDER DIRECTING APPELLANTS NOT TO ACCESS AND ASSOCIATE WITH CAPITAL MARKET, DEALING IN SECURITIES OR ASSOCIATING WITH ANY INTERMEDIARIES IN CAPITAL MARKET FOR A PERIOD OF FIVE YEARS TO PERIOD ALREADY UNDERGONE 3.DIRECTED APPELLANTS TO REDRESS ALL GRIEVANCES OF DEBENTURE HOLDERS,IF ANY.NO ORDER AS TO COSTS
|
| 251 |
|
|
S.L.MALOO
(PAN:AAAPM0844N)
|
|
|
|
WEBSITY INFOSYS LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
08-DEC-2010
|
SEBI HAD FILED COMPLAINT AGAINST WEBSITY LTD AND MR.S.L.MALOO FOR VIOLATION OF COMPANIES ACT IN ACMM COURT. ACMM HAS FRAMED NOTICE U/S 251 CRPC FOR CONTRAVENTION OF SECTION 113 OF THE COMPANIES ACT, 1956. THE SHORT QUESTION INVOLVED IN DISPOSAL OF THE INSTANT REVISION PETITION IS WHETHER SECTION 113 OF THE COMPANIES ACT 1956 CONSTITUTES A CONTINUING OFFENCE OR NOT? COURT HELD THAT SECTION 113 COMPANIES ACT REVEALS THAT EVERY COMPANY IS DUTY BOUND TO TRANSFER THE SHARES CERTIFICATE WITHIN THIS STIPULATED TIME FAILING WHICH THE COMPANY AND EVERY OFFICER OF THE COMPANY SHALL BE LIABLE FOR PUNISHMENTS UNDER THAT SECTION. THE STATUTORY PROVISION INHERES THE LEGISLATIVE INTENT TO ENSURE THE TRANSFER OF THE SHARE ON DELIVERY CERTIFICATE TO THE SHAREHOLDERS WITHIN THE STIPULATED TIME. NON DELIVERY OF THE SHARE CERTIFICATE TO THE SHAREHOLDERS WITHIN STIPULATED TIME HAS BEEN PENALIZED BY LEGISLATURE AND THE OFFENCE CONTINUES TILL THE TIME THE SHARE CERTIFICATES ARE ACTUALLY DELIVERED TO THE SHARE HOLDERS. THE LIABILITY TO PAY THE FINE ON EACH DATE OF DEFAULT CONTINUES TILL THE TIME THE SHARE CERTIFICATE IS IN FACT PROVIDED TO THE SHARE HOLDERS. UNDER SECTION 113 OF THE
COMPANIES ACT, THE STATUTORY PROVISION HAS NOT ONLY MADE THE FAILURE OF THE COMPANY TO DELIVER SHARE CERTIFICATE AS AN OFFENCE BUT HAS FURTHER STIPULATED THAT THE CONTINUOUSLY DAILY ENHANCING PENALTY SHALL CEASE TO OPERATE ONLY UPON THE DELIVERY OF THE SHARE CERTIFICATES TO THE SHARE HOLDERS. COURT HELD THAT THE LD. TRIAL COURT HAS RIGHTLY OBSERVED THAT DEFAULT COMMITTED UNDER SECTION 113 OF THE COMPANIES ACT IS A CONTINUING OFFENCE
|
| 252 |
|
|
S.L.RAJANI
|
|
|
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED 2 SENTENCED WITH FINE OF RS.10000. A-4 & 6 ACQUITTED. CASE AGAINST ACCUSED-3, 5, 7 & 8 HAS BEEN SPLIT AND THE COURT VIDE ORDER DATED 28.02.2007 DISMISSED THE COMPLAINT AGAINST A3, 5,7, & 8 WITH A LIBERTY TO SEBI TO SEEK REVIVAL OF PROCEEDINGS ON OBTAINING THE ADDRESS OF THE ACCUSED. A-1 WAS DISCHARGED AS PER ORDER IN ON 10/1/2002. CASE AGAINST A-9 & 10 DISMISSED ON 5/11/99
|
| 253 |
|
|
S.M.BHANDARKAR
|
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
DID NOT APPEAR BEFORE COURT IN PERSON PURSUANT TO SUMMONS ISSUED BY COURT (SECTION 200A – CR PC)
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 254 |
|
|
S.N.BANSAL
|
|
|
|
KARISHMA FLORICULTURE LTD.
CIN:U74899DL1994PLC057511
|
|
ADVANCED FUNDS FOR PURCHASE OF ITS OWN SHARES VIOLATING SECTION 77(2) OF COMPANIES ACT, 1956
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT TRANSFER SHARE CERTIFICATES WITHIN STIPULATED TIME
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
19-JUL-2011
|
|
| 255 |
|
|
S.PAWASKAR
|
|
|
|
MONESHI AGRO FOODS LTD.
|
|
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 256 |
|
|
S.S.SOKHI
|
|
|
|
MITHILA STEEL INDUSTRIES LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED ABSCONDED
|
| 257 |
|
|
S.SRINIVASAN
|
|
|
|
XEDD TELECOM LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED NO.1 & 2 WERE CONVICTED AND SENTENCED TO FINE OF RS.53,150 AND ON DEFAULT SIMPLE IMPRISONMENT FOR 6 MONTHS. ACCUSED 3 ACQUITTED AND CASE AGAINSTACCUSED NO.4 & 5 SPLIT UP. APPEAL FILED BY ACCUSED 1&2 HAS ALSO BEEN DISMISSED
|
| 258 |
|
|
SAHAJAHAN KHAN
|
|
|
|
KOLKATA WEIR INDUSTRIES LTD.
|
|
APPROCHED 105809 INVESTORS TO MOBILIZE RS.47.90 CRORES THROUGH OFFER OF REDEEMABLE PREFERENCE SHARES ON PRIVATE PLACEMENT BASIS IN MATTER OF KOLKATA WEIR INDUSTRIES LTD.VIOLATING SECTION 67(3) OF COMPANIES ACT, 1956
|
PROSECUTION LAUNCHED
25-AUG-2016
|
|
| 259 |
|
|
SAHAJAMAL KHAN
|
|
|
|
KOLKATA WEIR INDUSTRIES LTD.
|
|
APPROCHED 105809 INVESTORS TO MOBILIZE RS.47.90 CRORES THROUGH OFFER OF REDEEMABLE PREFERENCE SHARES ON PRIVATE PLACEMENT BASIS IN MATTER OF KOLKATA WEIR INDUSTRIES LTD.VIOLATING SECTION 67(3) OF COMPANIES ACT, 1956
|
PROSECUTION LAUNCHED
25-AUG-2016
|
|
| 260 |
|
|
SAHIDANAND RAI
|
|
|
|
SRG INFOTECH (INDIA) LTD.
|
|
DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD
VIOLATED SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 13 of 18
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