| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
NARENDRA ANEJA
(PAN:AADPA5229J)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
PAN:AAGCP3459B
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 42 |
|
|
NARESH CHAND GUPTA
(PAN:AFAPG6539D)
(Along with : PRATEEK GUPTA,
DIVYA SINGHAL,
RAMAN NAGPAL)
|
|
|
|
ACCURACAP PRIME OPPORTUNITIES FUND
PAN:AAGTA5589A
|
|
|
ACCURACAP TECHNOLOGIES LLP
PAN:AAAFQ3030E
|
|
ALLEGED FAILURE TO MAINTAIN MINIMUM CORPUS OF RS.20 CRORE IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED FAILURE TO RESTORE CORPUS ABOVE RS.20 CRORE WITHIN THREE MONTHS FROM THE DATE OF SUCH BREACH IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED FAILURE TO REDEEM THE UNITS AND WIND UP THE SCHEME DESPITE FAILURE TO RESTORE CORPUS WITHIN STIPULATED PERIOD IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED EXCEEDING MAXIMUM PERMISSIBLE INVESTMENT LIMIT IN A SINGLE INVESTEE COMPANY IN MATTER OF ACCURACAP VECTRA FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-MAR-2026
|
|
| 43 |
|
|
NAVEEN LOHIYA
(PAN:AHWPL2078C)
(Along with : JAIRAM JANARDHANAN,
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
|
|
| 44 |
|
|
NIKUNJ GHODAWAT
(PAN:AHCPG8170G)
|
|
|
|
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
|
|
| 45 |
|
|
NIRAJ SIRSALEWAL
(PAN:AAJPS5097A)
|
|
|
|
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
|
|
| 46 |
|
|
NITAI VIJAY
(PAN:ABFPV5668P)
|
|
|
|
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
|
|
| 47 |
|
|
NITIN GARG
(PAN:AHLPG2707N)
(Along with : KUNAL KHATTAR,
RIDHISH TALWAR)
|
|
|
|
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
|
|
| 48 |
|
|
NTASHA BERRY
(PAN:AWMPB3253G)
|
|
|
|
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
|
|
| 49 |
|
|
P.RAMA KRISHNA
(PAN:AFDPR6468M)
|
|
|
|
UTTHISHTA MANAGEMENT ADVISORS LLP
PAN:AADFU2183P
|
|
|
UTTHISHTA VIRAT FUND
PAN:AAATU8228J
|
|
ALLEGED FAILURE IN MAINTAINING 2.5% OF INVESTIBLE CORPUS AS CONTINUING INTEREST VIOLATING REGULATIONS 10(D) AND 20(1) READ WITH CLAUSE 1(E) OF CODE OF CONDUCT AS MENTIONED IN FOURTH SCHEDULE OF (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 AND CLAUSE 13.3.2 (II) OF MASTER CIRCULAR DATED 07/05/2024
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.28,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
20-DEC-2024
|
|
| 50 |
|
|
PARAG SUKHIJA
(PAN:DDDPS8579F)
|
|
|
|
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
|
|
| 51 |
|
|
PARTH MURIA
(PAN:AYPPM1958C)
(Along with : AMBAR MAHESHWARI,
AMIT JAIN)
|
|
|
|
INDIABULLS AIF
|
|
|
INDIABULLS ASSET MANAGEMENT CO.LTD.
PAN:AABCI9149Q
|
|
|
INDIABULLS DUAL ADVANTAGE REAL ASSET FUND
PAN:AABTI6928A
|
|
|
INDIABULLS REAL ESTATE FUND
PAN:AABTI2027E
|
|
ALLEGED TO PLEDGE INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME ASSETS FOR A LOAN TAKEN BY INVESTEE COMPANY
ALLEGED FAILURE TO DRAWDOWN EQUAL PERCENTAGE OF COMMITMENT ACROSS ALL CLASSES OF UNITS FOR INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE TO ADHERE CONCENTRATION LIMITS IN INVESTEE COMPANY IN CASE OF BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE IN ENSURING PROPER VALUATION FREQUENCY OF INVESTMENTS FOR BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND
ALLEGED MISREPRESENTATION OF FINANCIAL INFORMATION AND DISCLOSED INACCURATE FINANCIAL INFORMATION RELATED TO VALUATION OF INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME TO INVESTORS
ALLEGED FAILURE TO COMPLY WITH DEFICIENCY LETTER DATED 12/05/2017 ISSUED POST INSPECTION HELD IN FY 2015 ADVISING FUND TO CONDUCT VALUATION OF ITS SECURITIES BI-ANNUALLY
ALLEGED FAILURE IN SUBMITTING INACCURATE INFORMATION IN CTR FILED WITH TRUSTEE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,43,32,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-SEP-2025
|
|
| 52 |
|
|
PARVEZ KEKI UMRIGAR
(PAN:AAAPU5744M)
|
|
|
|
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
|
|
| 53 |
|
|
PRANAV MOHAN PAI
(PAN:AQKPP7664D)
(Along with : SIDDHARTH MOHAN PAI)
|
|
|
|
3ONE4 CAPITAL ADVISORS LLP
PAN:AABFZ4961E
|
|
|
3ONE4 CAPITAL TRUST
PAN:AAATZ1910G
|
|
ALLEGED FAILURE IN MAINTAINING MINIMUM REQUISITE CONTINUING INTEREST OF THE CORPUS VIOLATING REGULATION 10(D) OF SEBI (AIF) REGULATIONS, 2012 READ WITH CLAUSE 11.1.2 OF MASTER CIRCULAR IN MATTER OF 3ONE4 CAPITAL CONTINUUM IE
ALLEGED FAILURE IN MAINTAINING CONTINUING INTEREST ON A PRO-RATA BASIS WITH THE AMOUNT OF FUNDS DRAWN FROM OTHER INVESTORS VIOLATING REGULATIONS 20(1), 20(2) AND 20(5) OF SEBI (AIF) REGULATIONS, 2012 READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT AS MENTIONED IN FOURTH SCHEDULE OF SEBI (AIF) REGULATIONS, 2012 IN MATTER OF 3ONE4 CAPITAL CONTINUUM IE
ALLEGED EXCEEDING PRESCRIBED 50% OF THE INVESTABLE FUNDS IN DARWINBOX DIGITAL SOLUTIONS PVT.LTD. VIOLATING REGULATION 15(1)(C) OF SEBI (AIF) REGULATIONS, 2012 IN MATTER OF 3ONE4 CAPITAL CONTINUUM IE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.38,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
12-AUG-2026
|
|
| 54 |
|
|
PRASHANT KUTTY
(PAN:ADYPN7593E)
(Along with : ASHISH MOTI CHHUGANI,
AASHWIN DUGAL,
RAHUL KISHOR VEERA,
AASHRAY VASA,
JAI VIJAY DAXINI,
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
|
|
| 55 |
|
|
PRASHANT SAGWEKAR
(PAN:AVUPS1958E)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
PAN:AAGCP3459B
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 56 |
|
|
PRASHANT SAGWEKAR
(PAN:AVUPS1958E)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
PAN:AAGCP3459B
|
|
ALLEGED FAILURE IN MONITORING COMPLIANCE OF VARIOUS REQUIREMENTS VIOLATING REGULATIONS 10(C), 10(D), 11(2) AND 13(4) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012
ALLEGED FAILURE IN UPLOADING OF KYC DATA OF EXISTING INDIVIDUAL CLIENTS WITH CKYCR VIOLATING SEBI MASTER CIRCULAR NO.SEBI/HO/MIRSD/DOP/CIR/P/2019/113 DATED 15/10/2019 AND CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 24/06/2019
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,25,000 VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 57 |
|
|
PRATEEK GUPTA
(PAN:BGZPG8303C)
(Along with : NARESH CHAND GUPTA,
DIVYA SINGHAL,
RAMAN NAGPAL)
|
|
|
|
ACCURACAP PRIME OPPORTUNITIES FUND
PAN:AAGTA5589A
|
|
|
ACCURACAP TECHNOLOGIES LLP
PAN:AAAFQ3030E
|
|
ALLEGED FAILURE TO MAINTAIN MINIMUM CORPUS OF RS.20 CRORE IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED FAILURE TO RESTORE CORPUS ABOVE RS.20 CRORE WITHIN THREE MONTHS FROM THE DATE OF SUCH BREACH IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED FAILURE TO REDEEM THE UNITS AND WIND UP THE SCHEME DESPITE FAILURE TO RESTORE CORPUS WITHIN STIPULATED PERIOD IN MATTER OF ACCURACAP VECTRA FUND
ALLEGED EXCEEDING MAXIMUM PERMISSIBLE INVESTMENT LIMIT IN A SINGLE INVESTEE COMPANY IN MATTER OF ACCURACAP VECTRA FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-MAR-2026
|
|
| 58 |
|
|
PRAVEEN DWARAKANATH
(PAN:ANKPD7583J)
|
|
|
|
WHITESPACE ALPHA TRUST
PAN:AAATW5453D
|
|
|
WHITESPACE FUND LLP
PAN:AADFW1831G
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-FEB-2024
|
|
| 59 |
|
|
PUNEET KUMAR
(PAN:ALJPM0134F)
(Along with : SHIKHA PAREEK,
ASHISH SAINI,
PURVA KAURANI,
GAURAV MATTA,
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
|
|
| 60 |
|
|
PURVA KAURANI
(PAN:DHXPK2655E)
(Along with : PUNEET KUMAR,
SHIKHA PAREEK,
ASHISH SAINI,
GAURAV MATTA,
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 5
|
