| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
ESSEL FINANCE ADVISORS & MANAGERS LLP
(PAN:AABTI0088B)
|
|
|
|
ARPAN SARKAR
PAN:BLMPS9641B
|
|
|
JAYKISHAN KIKANI
PAN:CCDPK1654H
|
|
|
VISHNU PRAKASH RATHORE
PAN:AIIPR6196C
|
|
DID NOT ENSURE DRAWDOWN OF FULL COMMITTED AMOUNT FROM INVESTORS AND DID NOT TAKE ANY ACTION AGAINST SELECTED CLASS OF INVESTORS INCLUDING SPONSOR AND MANAGER AS PER PRIVATE PLACEMENT MEMORANDUM RESULT
INVESTED MORE THAN 25% OF INVESTIBLE FUNDS IN A SINGLE INVESTEE COMPANY
PROVIDED VALUATION OF ASSETS INSTEAD OF SECURITIES HELD BY FUND
DID NOT OBTAIN REGISTRATION FROM FIU-IND
DID NOT COMMUNICATE DETAILS OF PRINCIPAL OFFICER AND DESIGNATED DIRECTOR
DID NOT MAKE DISCLOSURE OF INVESTOR CHARTER TO INVESTORS
DELAY IN SUBMITTING PRIVATE PLACEMENT MEMORANDUM REPORT TO SEBI
DID NOT ENSURE THAT PRIVATE PLACEMENT MEMORANDUM WAS IN SPECIFIED FORMAT
DID NOT MAKE DISCLOSURE OF DISTRIBUTION WATERFALL
DELAY IN APPOINTMENT OF BENCHMARKING AGENCY
DID NOT PROVIDE NECESSARY INFORMATION TO BENCHMARKING
|
IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS
03-JUL-2025
|
SAT: SAT VIDE ITS ORDER DATED 04/08/2025 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER.
SAT: SAT: SAT VIDE ITS ORDER DATED 04/08/2025 ALLOWED EXEMPTION APPLICATION
SAT: SAT VIDE ITS ORDER DATED 18/08/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/03/2026 PARTLY ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDERS DATED 20/06/2025 AND 03/07/2025 AND ENTIRE PENALTY OF RS.24 LAC U/S 15C AND 15EA TO BE PAID BY FUND MANAGER ESSEL FINANCE ADVISORS & MANAGERS LLP. NO COSTS
|
| 42 |
|
|
EXFINITY VENTURE PARTNERS LLP
(PAN:AAXFA3467G)
|
|
|
DID NOT DISCHARGE RESPONSIBILITIES BY NOT INITIATING AND COMPLETING WINDING-UP PROCESS OF FUND WITHIN PRESCRIBED TIMELINE
|
IMPOSED PENALTY RS.10,00,000
25-JUN-2026
|
|
| 43 |
|
|
EXPONENTIAL INNOVATION FUND
|
|
|
DID NOT FILE QUARTERLY ACTIVITY REPORTS (QARS) ON SEBI INTERMEDIARY PORTAL
|
CANCELLED REGISTRATION AS ALTERNATE INVESTMENT FUND
01-JUN-2026
|
|
| 44 |
|
|
FEDSEC TRUSTEESHIP SERVICES PVT.LTD.
(PAN:AAECF3106B)
(Along with : VENTURE GURUKOOL INVESTMENT TRUST)
|
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 25% OF INVESTIBLE 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
|
|
| 45 |
|
|
FIDUCIELLE CAPITAL ADVISORS LLP
(PAN:AAEFF6658B)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 15(1)(C), 20(1), 20(2) AND 20(5) 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
|
|
| 46 |
|
|
FINIDEAS GROWTH FUND
(PAN:AAATF9250H)
|
|
|
|
GOVIND JHAWAR
PAN:AAUPJ2894H
|
|
|
UDIPTH TALERA
PAN:AAIPT4559R
|
|
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
|
|
| 47 |
|
|
FINIDEAS INVESTMENT ADVISOR PVT.LTD.
(PAN:AAECF9909Q)
|
|
|
|
GOVIND JHAWAR
PAN:AAUPJ2894H
|
|
|
UDIPTH TALERA
PAN:AAIPT4559R
|
|
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
|
|
| 48 |
|
|
FIRSTCAPITAL ALTERNATE INVESTMENT TRUST
|
|
|
DID NOT FILE QUARTERLY ACTIVITY REPORTS (QARS) ON SEBI INTERMEDIARY PORTAL
|
CANCELLED REGISTRATION AS ALTERNATE INVESTMENT FUND
28-JUL-2026
|
|
| 49 |
|
|
FLORINTREE INDIA FLEXI ADVANTAGE TRUST
|
|
|
DID NOT FILE QUARTERLY ACTIVITY REPORTS (QARS) ON SEBI INTERMEDIARY PORTAL
|
CANCELLED REGISTRATION AS ALTERNATE INVESTMENT FUND
01-JUN-2026
|
|
| 50 |
|
|
FULCRUM VENTURE INDIA LLP
(PAN:AADFF0557G)
|
|
|
ALLEGED FAILURE TO WIND UP FUND/SCHEME AND DISTRIBUTE PROCEEDS TO INVESTORS PURSUANT TO THE COMPLETION OF ITS TENURE AS DISCLOSED IN PRIVATE PLACEMENT MEMORANDUM
ALLEGED MISREPORTING OF QUARTERLY REPORT FOR QUARTER ENDING SEPTEMBER, 2022
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.32,17,500 VIDE CONSENT ORDER)
14-MAR-2024
|
|
| 51 |
|
|
GLOBAL INFRASTRUCTURE PARTNERS INDIA PVT.LTD.
(PAN:AAJCG4994R)
|
|
|
DID NOT ENSURE THAT DECISIONS ARE TAKEN IN INTEREST OF INVESTORS VIOLATING CLAUSE 2(D) OF CODE OF CONDUCT READ WITH REGULATIONS 20(1) AND 20(2) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INDIA INFRASTRUCTURE FUND II
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
DIRECTED TO MODIFY TERMS OF ITS TRUST DEED WHICH ARE INCONSISTENT WITH PROVISIONS OF ALTERNATE INVESTMENT FUNDS REGULATIONS AND CIRCULARS ISSUED THEREUNDER AND SUBMIT DULY MODIFIED TRUST DEED TO SEBI, ALTERNATIVE INVESTMENT FUND AND FOREIGN PORTFOLIO INVESTORS DEPARTMENT
31-MAY-2023
|
|
| 52 |
|
|
GMO-Z.COM PAYMENT GATEWAY CREDIT FUND 1
|
|
|
ALLEGED INVESTED MORE THAN 25% OF TOTAL INVESTIBLE FUNDS TOWARDS SUBSCRIPTION OF NCDS OF SATYA MICROCAPITAL LTD. VIOLATING REGULATION 15(1) (C) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,50,000 VIDE CONSENT ORDER)
09-MAY-2024
|
|
| 53 |
|
|
GOLDEN BIRD AIF
|
|
|
DID NOT FILE QUARTERLY REPORTS TO SEBI
|
CANCELLED REGISTRATION AS ALTERNATE INVESTMENT FUND FROM 16-FEB-2024
16-FEB-2024
|
|
| 54 |
|
|
GRAY MATTERS ALTERNATIVE INVESTMENT FUND
(PAN:AACTG5112D)
|
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 25% OF INVESTIBLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
13-SEP-2024
|
|
| 55 |
|
|
GREEN LANDS IMPACT FUND
(PAN:AADTG4594N)
|
|
|
ALLEGED MISREPORTING OF SUBMISSION OF QUARTERLY REPORT
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.62,88,750 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
06-MAR-2025
|
|
| 56 |
|
|
GSF MANAGERS LLP
|
|
|
ALLEGED VIOLATION OF REGULATION 24(B) READ WITH REGULATION 28 OF SEBI (ALTERNATE INVESTMENT FUNDS) REGULATIONS, 2012 ALONG WITH SEBI CIRCULAR NOS. CIR/IMD/DF/10/2013 DATED 29/07/2013 AND SEBI/HO/IMD/DF1/CIR/P/2017/87 DATED 31/07/2017
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.11,15,400 VIDE CONSENT ORDER)
23-JAN-2024
|
|
| 57 |
|
|
GSF MANAGERS LLP
|
|
|
DID NOT FILE QUARTERLY REPORTS TO SEBI
|
IMPOSED PENALTY RS.1,00,000
30-SEP-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/02/2023 DIRECTED TO FILE SUPPLEMENTARY AFFIDAVIT WITHIN A WEEK FOR SHOWING PROOF OF FILING OF SETTLEMENT APPLICATION BEFORE COMPETENT AUTHORITY
SAT: SAT VIDE ITS ORDER DATED 28/02/2023 CONDONED THE DELAY IN FILING OF APPEAL. QUASHED IMPUGNED ORDER DATED 30/09/2022. MATTER REMITTED TO SEBI TO CONSIDER SETTLEMENT APPLICATION AND PASS APPROPRIATE ORDER IN ACCORDANCE WITH LAW
|
| 58 |
|
|
GSF VENTURE CAPITAL FUND
|
|
|
ALLEGED FAILURE IN FILING OF QUARTERLY REPORTS TO SEBIVIOLATING REGULATION 28OF SEBI (ALTERNATE INVESTMENT FUNDS) REGULATIONS, 2012 ALONG WITH SEBI CIRCULARS NO. CIR/IMD/DF/10/2013 DATED 29/07/2013 AND SEBI/HO/IMD/DF1/CIR/P/2017/87 DATED 31/07/2017
ALLEGED FAILURE IN FILING OF QUARTERLY REPORTS TO SEBI VIOLATING SECTION 12(3) OF SEBI ACT, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,13,600 VIDE CONSENT ORDER)
25-JAN-2024
|
|
| 59 |
|
|
HBJ CAPITAL SERVICES PVT.LTD.
(CIN:U65999KA2010PTC052350
PAN:AACCH3450L)
|
|
|
|
ABHISHEK KUMAR SINGH
PAN:BGJPS4452C
|
|
|
AMRITA SINGH
PAN:BDPPS4879G
|
|
|
ARUNMOZHI GOPALAN
PAN:AIJPA0575F
|
|
|
JITENDRA KUMAR
PAN:AVVPJ1321K
|
|
|
KUMAR HARENDRA
PAN:AJSPK3749B
|
|
|
PONNURAJ GOKULRAJ
PAN:AOWPG7071H
DIN:06716876
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
ACTED AS AN ALTERNATIVE INVESTMENT FUNDS WITHOUT SEBI REGISTRATION
|
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS , KEPT IN BANK ACCOUNT (S) AND / OR IN THE CUSTODY OF HBJ CAPITAL OR ITS DIRECTORS AND HBJ CAPITAL LLP AND ITS DISIGNATED PARTNERS
CEASED AND DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO FURNISH DETAILS OF VARIOUS SERVICES OFFERED BY COMPANY / LLP
DIRECTED TO FURNISH DETAILS OF PRESENT ASSET UNDER MANAGEMENT (AUM) OF EACH OF SERVICES OFFERED BY HBJ CAPITAL LLP FROM DATE OF INITATION
DIRECTED TO FURNISH BREAK UP OF AUM UNDER VARIOUS ASSET CLASSES
DIRECTED TO FURNISH DETAILS OF CLIENTS AVAILING VARIOUS SCHEMES OFFERED BY THEM, SUCH AS NAMES, JOINING DATE, NAME OF SCHEME, END DATE AND KYC PARTICULARS ETC.
DIRECTED TO FURNISH CLIENT-WISE DETAILS OF FUNDS MOBILIZED
DIRECTED TO FURNISH OF DEMAT ACCOUNTS STATEMENTS
DIRECTED TO FURNISH COPIES OF LLP AGREEMENTS
DIRECTED TO PROVIDE PAN NO.AND/OR DIN OF DIRECTORS
15-JUN-2015
|
SEBI VIDE ITS ORDER DATED 07/01/2020 DIRECTED TO A) REFUND THE MONEY COLLECTED FROM CLIENTS IN THE FORM OF FEES WITHIN THREE MONTHS FROM DATE OF THIS ORDER THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PRODUCE PEER REVIEWED CHARTERED ACCOUNTANT’S CERTIFICATE, FOR REPAYMENTS CLAIMED TO MADE BY THE COMPANY, CERTIFYING REPAYMENT ON VERIFICATION OF ACKNOWLEDGMENT OF RECEIPT OF PAYMENT FROM THE INVESTORS WITH ORIGINAL DOCUMENT OF PROOF OF IDENTITY, ADDRESS AND SIGNATURE ISSUED BY STATE/CENTRAL GOVERNMENT TO THE INVESTOR BEARING HIS SIGNATURE, CORRESPONDING DEBIT FROM THE BANK ACCOUNT OF COMPANY AND A STATEMENT IN CHARTERED ACCOUNTANT’S CERTIFICATE ENCLOSING COPIES OF VERIFIED DOCUMENTS
|
| 60 |
|
|
HBJ CAPITAL VENTURES LLP
(PAN:AAFFH9963E)
|
|
|
|
AMRITA SINGH
PAN:BDPPS4879G
|
|
|
KUMAR HARENDRA
PAN:AJSPK3749B
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
ACTED AS AN ALTERNATIVE INVESTMENT FUNDS WITHOUT SEBI REGISTRATION
|
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS , KEPT IN BANK ACCOUNT (S) AND / OR IN THE CUSTODY OF HBJ CAPITAL OR ITS DIRECTORS AND HBJ CAPITAL LLP AND ITS DISIGNATED PARTNERS
CEASED AND DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO FURNISH DETAILS OF VARIOUS SERVICES OFFERED BY COMPANY / LLP
DIRECTED TO FURNISH DETAILS OF PRESENT ASSET UNDER MANAGEMENT (AUM) OF EACH OF SERVICES OFFERED BY HBJ CAPITAL LLP FROM DATE OF INITATION
DIRECTED TO FURNISH BREAK UP OF AUM UNDER VARIOUS ASSET CLASSES
DIRECTED TO FURNISH DETAILS OF CLIENTS AVAILING VARIOUS SCHEMES OFFERED BY THEM, SUCH AS NAMES, JOINING DATE, NAME OF SCHEME, END DATE AND KYC PARTICULARS ETC.
DIRECTED TO FURNISH CLIENT-WISE DETAILS OF FUNDS MOBILIZED
DIRECTED TO FURNISH OF DEMAT ACCOUNTS STATEMENTS
DIRECTED TO FURNISH COPIES OF LLP AGREEMENTS
DIRECTED TO PROVIDE PAN NO.AND/OR DIN OF DIRECTORS
15-JUN-2015
|
SEBI VIDE ITS ORDER DATED 07/01/2020 DIRECTED TO A) REFUND THE MONEY COLLECTED FROM INVESTORS/PERTNERS ALONG WITH PROMISED RETURN IF ANY, WITHIN THREE MONTHS FROM DATE OF THIS ORDER THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PRODUCE PEER REVIEWED CHARTERED ACCOUNTANT’S CERTIFICATE, FOR REPAYMENTS CLAIMED TO MADE BY THE COMPANY, CERTIFYING REPAYMENT ON VERIFICATION OF ACKNOWLEDGMENT OF RECEIPT OF PAYMENT FROM ITS PARTNERS WITH ORIGINAL DOCUMENT OF PROOF OF IDENTITY, ADDRESS AND SIGNATURE ISSUED BY STATE/CENTRAL GOVERNMENT TO PARTNER BEARING HIS SIGNATURE, CORRESPONDING DEBIT FROM THE BANK ACCOUNT OF COMPANY AND STATEMENT IN CHARTERED ACCOUNTANT’S CERTIFICATE ENCLOSING COPIES OF VERIFIED DOCUMENTS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 8
|
