| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 401 |
|
SOBHA LTD.
(PAN:AABCS7723E)
|
|
|
|
JAGDISH CHANDRA SHARMA
PAN:ACRPS1940E
|
|
|
RAMAKRISHNAN PRABHAKARAN
PAN:ALBPP2261L
|
|
|
RAVI PUTHAN NADUVAKKAT CHENTHA MARAKSHA MENON
PAN:AKIPM1316R
|
|
|
SUBASH MOHAN BHAT
PAN:AAAPB6132G
|
|
ALLEGED PUBLISH UNTRUE AND MISLEADING FINANCIAL RESULTS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SOBHA LTD.
ALLEGED PUBLISH UNTRUE AND MISLEADING FINANCIAL RESULTS VIOLATING REGULATION 33 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SOBHA LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,92,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
22-AUG-2022
|
|
| 402 |
|
|
SOM DISTILLERIES & BREWERIES LTD.
(PAN:AABCS3374B)
|
|
|
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES WITH REGARD TO DISPUTE WITH MPSIDC/WINDING UP ORDER/COURT ORDERS VIOLATING REGULATIONS 30(1) TO 30(4) AND 30(7) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
DID NOT DISCLOSURE WITH RESPECT TO DISPUTE WITH MPSIDC I.E. ORDER DATED 03/05/2013 PASSED BY HON’BLE DELHI HIGH COURT IN COMPANY PETITION NO. 198/2008 AND ORDER DATED 19/06/2013 PASSED BY HON’BLE SUPREME COURT VIOLATING CLAUSE 36(5) OF EQUITY LISTING AGREEMENT
|
IMPOSED PENALTY RS.5,00,000
19-JUN-2019
|
|
| 403 |
|
|
SOM DISTILLERIES & BREWERIES LTD.
(PAN:AABCS3374B)
|
|
|
DID NOT DISCLOSE ADEQUATE AND TIMELY DISCLOSURE TO STOCK EXCHANGES REGARDING DECISION OF BOARD TO DEFER PREFERENTIAL ALLOTMENT OF SHARE WARRANTS TO PROMOTERS/PROMOTERS GROUP VIOLATING REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015
DID NOT INFORM STOCK EXCHANGES OR INVESTORS REGARDING CANCELLATION OF EXTRA-ORDINARY GENERAL MEETING (EGM) VIOLATING REGULATIONS 4(1)(C) TO (F) OF CHAPTER II AND 30(2), 30(7) READ WITH 30(6) AND CLAUSE 4(D) OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.5,00,000
30-NOV-2023
|
SAT: SAT VIDE ITS ORDER DATED 01/02/2024 ALLOWED RESPONDENT TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 26/02/2024 ALLOWED THREE WEEKS TO FILE REJOINDER
|
| 404 |
|
|
SPANDANA SPHOORTY FINANCIAL LTD.
(PAN:AAICS6213N)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 51(1), 51(2) AND 51(3) OF SEBI (LODR) REGULATIONS, 2015
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.38,12,160 VIDE CONSENT ORDER)
21-AUG-2024
|
|
| 405 |
|
|
SPANDANA SPHOORTY FINANCIAL LTD.
(PAN:AAICS6213N)
|
|
|
ALLEGED THAT STATUTORY AUDITOR S.R.BATLIBOI & CO.LLP HAD RESIGNED WITHOUT ISSUING LIMITED REVIEW/AUDIT REPORTS AS THEY WERE INELIGIBLE TO CONTINUE AS STATUTORY AUDITORS VIOLATING PARA 6(A) OF SEBI CIRCULAR NO.CIR/CFD/CMD1/114/29 DATED 18/10/2019
ALLEGED THAT STATUTORY AUDITOR S.R.BATLIBOI & CO.LLP HAD RESIGNED WITHOUT ISSUING LIMITED REVIEW/AUDIT REPORTS AS THEY WERE INELIGIBLE TO CONTINUE AS STATUTORY AUDITORS VIOLATING REGULATIONS 18(3), 30(2) AND 36(5) OF SEBI (LODR) REGULATIONS, 2015
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,00,000 VIDE CONSENT ORDER)
25-OCT-2022
|
|
| 406 |
|
|
SPL INDUSTRIES LTD.
|
|
|
DID NOT UPLOAD UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED 30/09/2017 TO BSE AS REQUIRED UNDER REGULATION 33 OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.2,50,000
30-NOV-2015
|
SAT: SAT VIDE ITS ORDER DATED 20/08/2019 REDUCED THE PENATLY TO RS.2.50 LACS FROM RS.5.54 LACS AND DIRECTED APPELLANT TO BSE WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 407 |
|
|
SREI EQUIPMENT FINANCE LTD.
(CIN:U70101WB2006PLC109898
PAN:AAKCS3431L)
|
|
|
DID NOT MAKE REQUISITE DISCLOSURE WITH REGARD TO THE ORDER PASSED BY NCLAT TO STOCK EXCHANGES VIOLATING REGULATION 51(2) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.5,00,000
31-MAY-2022
|
|
| 408 |
|
|
SREI INFRASTRUCTURE FINANCE LTD.
(CIN:L29219WB1985PLC055352
PAN:AAACS1425L)
|
|
|
DID NOT SUBMIT SCHEME OF ARRANGEMENT, ONGOING LITIGATIONS AND OUTCOME TO STOCK EXCHANGES VIOLATING CLAUSES 1 AND 3 OF PARA A OF PART A AS SPECIFIED IN REGULATION 30 AND CLAUSE 8 OF PARA B OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 AND PARA 8 OF PARA 2 OF ANNEXURE I OF SEBI CIRCULAR DATED 09/09/2015
|
IMPOSED PENALTY RS.2,00,000
29-MAR-2022
|
|
| 409 |
|
|
STAR ARTWORKS PVT.LTD.
(PAN:AAVCS7590R)
|
|
|
INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.
MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
DIRECTED NOT TO DIVERT ANY FUNDS EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI
14-MAR-2019
|
SEBI VIDE ITS ORDER DATED 11/09/2019 DIRECTED NOT TO DISPOSED OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI TILL COMPLETION OF INVESTIGATION AND FURTHER ORDERS
SEBI VIDE ITS ORDER DATED 12/11/2020 REVOKED ITS DIRECTIONS ISSUED VIDE INTERIM ORDER DATED 14/03/2019 READ WITH CORRIGENDUM ORDER DATED 18/04/2019
|
| 410 |
|
|
STARCOM INFORMATION TECHNOLOGY LTD.
(CIN:L67120KA1995PLC078846
PAN:AAACJ1380R)
|
|
|
ALLEGED VIOLATION OF CLAUSE 40A OF LISTING AGREEMENT READ WITH RULE 19A OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
ALLEGED VIOLATION OF REGULATION 38 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH SECTION 21 OF SECURITIES CONTRACTS (REGULATIONS) ACT, 1956
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,80,000 VIDE CONSENT ORDER)
28-MAR-2019
|
|
| 411 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
|
|
|
|
SATISH KUMAR ARYA
PAN:ADPPA5763Q
|
|
DID NOT MAKE CORRECT DISCLOSURE REGARDING EDUCATIONAL QUALIFICATIONS OF MR.SATISH KUMAR ARYA IN IPO PROSPECTUS VIOLATING REGULATION57(1) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSE 2(VIII)(E)(1)(A) OF PART A OF SCHEDULE VIII READ WITH REGULATION 57(2)(A) OF SEBI (ICDR) REGULATIONS, 2009
DID NOT OBTAIN NECESSARY APPROVAL FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 23(1) READ WITH 23(2) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.3,50,000
28-MAR-2024
|
|
| 412 |
|
|
SUN PHARMACEUTICAL INDUSTRIES LTD.
(PAN:AADCS3124K)
|
|
|
ALLEGED FAILURE IN TAKING PRIOR APPROVAL FROM AUDIT COMMITTEE FOR TRANSACTIONS WITH ADITYA MEDISALES LTD.VIOLATING REGULATION 23(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUN PHARMACEUTICAL INDUSTRIES LTD.
ALLEGED FAILURE IN TAKING PRIOR APPROVAL FROM SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS WITH ADITYA MEDISALES LTD.VIOLATING REGULATION 23(4) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUN PHARMACEUTICAL INDUSTRIES LTD.
ALLEGED FAILURE IN MAKING DISCLOSURE OF RELATED PARTY TRANSACTIONS WITH ADITYA MEDISALES LTD. IN ANNUAL REPORTS VIOLATING REGULATION 34(3) READ WITH SCHEDULE V OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUN PHARMACEUTICAL INDUSTRIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.56,11,500 VIDE CONSENT ORDER)
11-FEB-2021
|
|
| 413 |
|
|
SUNRISE ASIAN LTD.
(CIN:L51900MH1981PLC025740)
|
|
|
|
DINESH RAMANLAL SHAH
PAN:ALJPS2675R
|
|
|
JAYMANI KANAIYALAL JOSHI
PAN:ACXPJ1278Q
|
|
|
MAYANK MAHESH JOSHI
PAN:AHOPJ3953A
|
|
|
NILESH PURSHOTAM CHAUHAN
PAN:ACTPC1722E
|
|
DELAY IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATION 13(6) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 READ WITH REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015
DID NOT MAKE CORRECT DISCLOSURE OF SHAREHOLDING PATTERN TO STOCK EXCHANGES VIOLATING CLAUSE 35 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 READ WITH REGULATION 103(1) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.10,00,000
29-SEP-2020
|
|
| 414 |
|
|
SUUMAYA CORP.LTD.
(CIN:L51909WB2009PLC137310)
|
|
|
DELAY IN MAKING DISCLOSURE TO STOCK EXCHANGES REGARDING ARREST OF THEIR CMD VIOLATING REGULATIONS 30(2) READ WITH 30(6) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.1,00,000
31-MAY-2023
|
|
| 415 |
|
|
SUUMAYA INDUSTRIES LTD.
(PAN:AAFCR4357R)
|
|
|
|
ISHITA GALA
PAN:BFMPG9590R
|
|
|
SUMIT PAL SINGH
PAN:FJNPS6477N
|
|
|
USHIK GALA
PAN:BBNPG4050P
|
|
INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SUUMAYA INDUSTRIES LTD.
MISREPRESENTED FINANCIAL STATEMENTS AND MANIPULATED BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2)(6)(7)(8) AND 4(2)(F)(III)(1),(3),(6),(7)(12) OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF SUUMAYA INDUSTRIES LTD.
DID NOT ADHERE TO PREPARATION OF FINANCIAL STATEMENTS AS PER ACCOUNTING STANDARD VIOLATING REGULATION 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF SUUMAYA INDUSTRIES LTD.
FURNISHED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II AND REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUUMAYA INDUSTRIES LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 24-JAN-2025 UNTIL FURTHER ORDERS
RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI AND FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY OR PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 24-JAN-2025 UNTIL FURTHER ORDERS
24-JAN-2025
|
|
| 416 |
|
|
SUUMAYA INDUSTRIES LTD.
(CIN:L18100MH2011PLC220879)
|
|
|
DELAY IN MAKING DISCLOSURE TO STOCK EXCHANGES REGARDING ARREST OF THEIR CMD AND CFO VIOLATING REGULATIONS 30(2) READ WITH 30(6) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.1,00,000
31-MAY-2023
|
|
| 417 |
|
|
SVAM SOFTWARE LTD.
(CIN:L72200DL1992PLC047327
PAN:AAACS0292B)
|
|
|
|
HARSHWARDHAN KOSHAL
PAN:AAVPK1615L
|
|
|
MANISHA AGARWAL
PAN:ABKPA0056B
|
|
|
RAJEEV GARG
PAN:AGDPG7304E
|
|
|
SUDHIR KUMAR AGARWAL
PAN:AAOPA3900H
|
|
|
VIRENDER KUMAR GUPTA
PAN:AEXPG9500L
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SVAM VIOLATING SECTIONS 12A (A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) & (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SVAM SOFTWARE LTD.
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SVAM VIOLATING REGULATIONS 33(1)(C), 30(6) AND 48 OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 07-OCT-2021 TO 06-OCT-2022
IMPOSED PENALTY RS.30,00,000
07-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 11/01/2022 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. IN THE MEANWHILE, DEBARMENT OF THE APPELLANTS TO REMAIN STAYED PROVIDED THEY DEPOSIT FIFTY PERCENT OF THE PENALTY AMOUNT WITHIN THREE WEEKS FROM TODAY
SAT: SAT VIDE ITS ORDER DATED 13/10/2022 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.10 LAC FROM RS.30 LAC TO BE PAID WITHIN SIX WEEKS FROM DATE OF THIS ORDER
|
| 418 |
|
|
TALWALKARS BETTER VALUE FITNESS LTD.
(CIN:L92411MH2003PLC140134
PAN:AABCT8207A)
|
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE
DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY
REVENUE INFLATED BY REVALUATION OF INVESTMENTS
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY
TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH
ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.24,00,000
15-SEP-2023
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT TO FILE REPLY AND REJOINDER THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER, AS FAR AS DEPOSIT OF PENALTY IS CONCERNED, SUBJECT TO PAYMENT OF 25% PENALTY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/07/2024 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
|
| 419 |
|
|
TALWALKARS BETTER VALUE FITNESS LTD.
(CIN:L92411MH2003PLC140134
PAN:AABCT8207A)
|
|
|
|
ANANT RATNAKAR GAWANDE
PAN:AABPG3008P
|
|
|
GIRISH MADHUKAR TALWALKAR
PAN:AAAPT8175H
|
|
|
GIRISH NAYAK
PAN:ABMPN9599G
|
|
|
HARSHA RAMDAS BHATKAL
PAN:AACPB3100C
|
|
|
MADHUKAR TALWALKAR
PAN:AAAPT8172A
|
|
|
PRASHANT SUDHAKAR TALWALKAR
PAN:AAAPT3528N
|
|
|
VINAYAK RATNAKAR GAWANDE
PAN:AABPG4476B
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE
DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY
REVENUE INFLATED BY REVALUATION OF INVESTMENTS
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY
TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH
ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
ISSUED FALSE AND MISLEADING CERTIFICATE UNDER REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-SEP-2023 TO 14-MAR-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
IMPOSED PENALTY RS.96,00,000
15-SEP-2023
|
|
| 420 |
|
|
TALWALKARS HEALTHCLUBS LTD.
(CIN:U93090MH2016PLC280127
PAN:AAFCT7279N)
|
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INAPPROPRIATE REVALUATION OF INVESTMENTS FOR INFLATION OF REVENUE
UNJUSTIFIED INVESTMENTS IN ENTITIES WITH LOW NET WORTH AND NON-PROVISION
OF IMPAIRMENT LOSSES
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO4 (1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS HEALTHCARE LTD.
DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.12,00,000
15-SEP-2023
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 21 of 24
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