| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
GAURAV AGGARWAL
(PAN:BHUPA5595E)
|
|
|
|
KOTAK ALTERNATE ASSET MANAGERS LTD.
PAN:AAACK5933H
|
|
|
KOTAK ALTERNATE ASSETS FUND III
PAN:AADTK5968J
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,87,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JAN-2024
|
|
| 22 |
|
|
GAURAV MATTA
(PAN:DBFPM8891G)
(Along with : PUNEET KUMAR,
SHIKHA PAREEK,
ASHISH SAINI,
PURVA KAURANI,
ARPIT KUMAR)
|
|
|
|
MIRAE ASSET VENTURE INVESTMENTS (INDIA) PVT.LTD.
PAN:AAMCM7607G
|
|
|
MIRAE ASSET VENTURE OPPORTUNITY TRUST
PAN:AAGTM3700M
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 25% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-SEP-2026
|
|
| 23 |
|
|
GAURAV SHARMA
(PAN:AYZPS1019G)
|
|
|
|
INVESTCORP INDIA ASSET MANAGERS PVT.LTD.
PAN:AAFCI0227D
|
|
|
INVESTCORP REAL ESTATE YIELD FUND
PAN:AABTI0798Q
|
|
ALLEGED DELAY IN LIQUIDATION AND DISTRIBUTION OF ASSETS OF THE FUND VIOLATING REGULATIONS 13(5) AND 29(7) READ WITH 20(1) AND 20(5) AND CLAUSES 2(A), 2(C) AND 3(B) OF CODE OF CONDUCT SPECIFIED IN FOURTH SCHEDULE OF (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INVESTCORP REAL ESTATE YIELD FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.25,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
07-MAR-2025
|
|
| 24 |
|
|
GOKULRAJ PONNURAJ
(PAN:AOWPG7071H)
|
|
|
ALLEGED NON COMPLIANCE OF SECTION 12(1) OF SEBI ACT, 1992 READ WITH REGULATION 3(1) OF SEBI (INVESTMENT ADVISORS) REGULATIONS, 2013 IN MATTER OF HBJ CAPITAL SERVICES LTD. LTD.
ALLEGED NON COMPLIANCE OF SECTION 12(1) OF SEBI ACT, 1992 READ WITH REGULATION 3 OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF HBJ CAPITAL SERVICES LTD. LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.86,06,250 VIDE CONSENT ORDER)
24-SEP-2019
|
|
| 25 |
|
|
GOVIND JHAWAR
(PAN:AAUPJ2894H)
|
|
|
|
FINIDEAS GROWTH FUND
PAN:AAATF9250H
|
|
|
FINIDEAS INVESTMENT ADVISOR PVT.LTD.
PAN:AAECF9909Q
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-APR-2025
|
|
| 26 |
|
|
GOVINDASAMY MARAN
(PAN:AGWPM7938H)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 27 |
|
|
HORMUZ ASPY BULSARA
(PAN:AAAPB5385R)
|
|
|
ALLEGED VIOLATION OF REGULATION 20(1) READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT AS SPECIFIED IN FOURTH SCHEDULE OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-MAY-2024
|
|
| 28 |
|
|
JAI VIJAY DAXINI
(PAN:COBPD4307Q)
(Along with : ASHISH MOTI CHHUGANI,
AASHWIN DUGAL,
RAHUL KISHOR VEERA,
PRASHANT KUTTY,
AASHRAY VASA,
ALOK SURENDRANATH SINGH,
VIVEK DOSHI,
SHRUTI PAREKH)
|
|
|
|
NIPPON INDIA EVENT OPPORTUNITIES TRUST
PAN:AACTR9135K
|
|
|
NIPPON LIFE INDIA AIF MANAGEMENT LTD.
PAN:AABCR7663L
|
|
ALLEGED FAILURE IN MAINTAINING CONTINUING INTEREST PRO-RATA TO NET FUNDS RAISED FROM OTHER INVESTORS IN MATTER OF NIPPON INDIA EQUITY OPPORTUNITIES AIF
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.14,66,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-JUL-2026
|
|
| 29 |
|
|
JAIRAM JANARDHANAN
(PAN:AMRPJ9564D)
(Along with : NAVEEN LOHIYA,
KIRTI CHOPRA,
CHANDRASHEKAR SHEKAR)
|
|
|
|
IROHA EMERGING INDIA FUND
PAN:AACTI2000G
|
|
|
IROHA INVESTMENT MANAGEMENT PVT.LTD.
PAN:AAFCI2658Q
|
|
ALLEGED FAILURE TO ENSURE PROPER CARE AND DUE DILIGENCE IN COMPLYING WITH CONCENTRATION NORMS AND SUBMITTED INACCURATE INFORMATION TO THE TRUSTEE IN COMPLIANCE TEST REPORT VIOLATING REGULATIONS 20(1), 20(5) AND CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT READ WITH REGULATION 15(1)(D)OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF IROHA EMERGING INDIA FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.29,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUL-2025
|
|
| 30 |
|
|
JAYESH RAMNIKLAL DESAI
(PAN:AAMPD4038P)
|
|
|
|
PIRAMAL INVESTMENT ADVISORY SERVICES PVT.LTD.
PAN:AAHCP2291G
|
|
ALLEGED VIOLATION OF REGULATIONS 10(D), 13, 27 (1) (D) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 AND SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 IN MATTER OF PIRAMAL INVESTMENT OPPORTUNITIES FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.76,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUN-2021
|
|
| 31 |
|
|
KIRTI CHOPRA
(PAN:ADRPC8713G)
(Along with : NAVEEN LOHIYA,
JAIRAM JANARDHANAN,
CHANDRASHEKAR SHEKAR)
|
|
|
|
IROHA EMERGING INDIA FUND
PAN:AACTI2000G
|
|
|
IROHA INVESTMENT MANAGEMENT PVT.LTD.
PAN:AAFCI2658Q
|
|
ALLEGED FAILURE TO ENSURE PROPER CARE AND DUE DILIGENCE IN COMPLYING WITH CONCENTRATION NORMS AND SUBMITTED INACCURATE INFORMATION TO THE TRUSTEE IN COMPLIANCE TEST REPORT VIOLATING REGULATIONS 20(1), 20(5) AND CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT READ WITH REGULATION 15(1)(D)OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF IROHA EMERGING INDIA FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.29,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUL-2025
|
|
| 32 |
|
|
KRISHNAMURTHY NARENDRANATH
(PAN:AAAPN1873E)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 33 |
|
|
KULDEEP JAIN
(PAN:AEJPJ4284J)
|
|
|
|
CLEAN MAX ENERGY VENTURES PVT.LTD.
PAN:AAECC5179P
|
|
|
CLEAN MAX RENEWABLE TRUST
PAN:AACTC5665M
|
|
ALLEGED INVOLVEMENT IN DAY-TO-DAY OPERATIONS OF THE AIF AND THE INVESTMENT MANAGER VIOLATING REGULATION 15(1)(C) READ WITH REGULATION 20(5) & 20(1) AND CLAUSE 2(A) OF CODE OF CONDUCT OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF CLEAN MAX RENEWABLE TRUST
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.19,30,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-OCT-2024
|
|
| 34 |
|
|
KUNAL KHATTAR
(PAN:AAPPK7564G)
(Along with : RIDHISH TALWAR,
NITIN GARG)
|
|
|
|
ADVANTEDGE INVESTMENT ADVISORS LLP
PAN:ABPFA1705N
|
|
|
ADVANTEDGE TECHNOLOGY FUND
PAN:AAHTA3601J
|
|
ALLEGED FAILURE TO CONTRIBUTE TO SCHEME ON A PRO-RATA BASIS IN LINE WITH CONTRIBUTIONS MADE BY OTHER INVESTORS VIOLATING REGULATIONS 10(D), 20(1), 20(2) AND 20(5) READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 READ WITH CLAUSE 11.1.2. OF MASTER CIRCULAR FOR AIF
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
18-JUN-2026
|
|
| 35 |
|
|
LEONARD PETER D’SOUZA
(PAN:AADPD1290N)
|
|
|
|
PIRAMAL INVESTMENT ADVISORY SERVICES PVT.LTD.
PAN:AAHCP2291G
|
|
ALLEGED VIOLATION OF REGULATIONS 10(D), 13, 27 (1) (D) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 AND SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 IN MATTER OF PIRAMAL INVESTMENT OPPORTUNITIES FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.76,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUN-2021
|
|
| 36 |
|
|
LUCIANA MARK SARDA
(PAN:BHNPS0602M)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 15(1)(C) AND 20(1) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT IN MATTER OF INDIAN SCHOOL FINANCE CO.PVT.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
13-SEP-2024
|
|
| 37 |
|
|
M.S.SUNDARARAJAN
(PAN:AAFPM4934N)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 38 |
|
|
MAHENDRA SWARUP
(PAN:AAMPS6405M)
|
|
|
|
VENTURE GURUKOOL INVESTMENT TRUST
PAN:AADTV0339A
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 25% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
31-JUL-2024
|
|
| 39 |
|
|
MARTIN HANS WITTWER
|
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.62,88,750 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
06-MAR-2025
|
|
| 40 |
|
|
MASAKI MISONO
(Along with : ROHIT CHOKHANI,
SHO NAKAGAWA)
|
|
|
|
HARBOURFRONT INDIA INVESTMENT ADVISORY LLP
PAN:AAMFH9429A
|
|
|
HARBOURFRONT INDIA TRUST
PAN:AACTH2655L
|
|
ALLEGED FAILURE IN MAINTAINING MINIMUM CONTINUING INTEREST IN FUND VIOLATING REGULATIONS 20(1) AND 20(5) READ WITH 10(D) OF CODE OF CONDUCT UNDER FOURTH SCHEDULE OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF HARBORFRONT INDIA TRUST AIF
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-SEP-2026
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 2 of 5
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