| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
BHARAT BHASKER TALATI
(PAN:AABPT4967E)
|
|
|
ALLEGED VIOLATION OF REGULATION 10(4)(C) OF SEBI (DELISTING) REGULATIONS, 2021 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATION 25(5) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,12,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
21-MAY-2024
|
|
| 102 |
|
|
BHARAT RAJ PUNJ
(PAN:AAHPP4196K)
|
|
|
|
LEEL ELECTRICALS LTD.
PAN:AAACL0484G
|
|
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF LEEL ELECTRICAL LTD.
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(F)(I)(2), 4(2)(F)(II)(2),(6)(7), 4(2)(F)(III)(7), 23(4) READ WITH 23(1) AND 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LEEL ELECTRICAL LTD.
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING CLAUSE 41(1)(A) OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF LEEL ELECTRICAL LTD.
|
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 18-APR-2024 TO 17-APR-2029
18-APR-2024
|
SAT: SAT VIDE ITS ORDER DATED 08/10/2024 CONDONED THE DELAY OF 100 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. NO RECOVERY OF PENALTY AMOUNT SUBJECT TO DEPOSIT OF RS.3 LAC WITH SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 10/10/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND FILE REJOINDER WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 27/01/2025 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 24/02/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 103 |
|
|
BHARAT RAJ PUNJ
(PAN:AAHPP4196K)
|
|
|
|
LEEL ELECTRICALS LTD.
PAN:AAACL0484G
|
|
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF LEEL ELECTRICAL LTD.
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(F)(I)(2), 4(2)(F)(II)(2),(6)(7), 4(2)(F)(III)(7), 23(4) READ WITH 23(1) AND 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LEEL ELECTRICAL LTD.
INDULGED IN DIVERSION OF FUNDS TO RELATED PARTIES AND MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISREPRESENTATION OF PROFITS FROM SALE OF CONSUMER DURABLE (CD) BUSINESS VIOLATING CLAUSE 41(1)(A) OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF LEEL ELECTRICAL LTD.
|
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 18-APR-2024 TO 17-APR-2027
IMPOSED PENALTY RS.5,00,00,000
18-APR-2024
|
SEBI VIDE ITS NOTICE DATED 23/07/2024 DIRECTED TO PAY RS.5,20,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 29/08/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 27/01/2025 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 24/02/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 104 |
|
|
BHARTI PRATISH NAIK
(PAN:ALKPP8874G)
|
|
|
|
MANPASAND BEVERAGES LTD.
CIN:L15549GJ2010PLC063283
PAN:AAHCM1210E
|
|
DID NOT EXERCISE DUE DILIGENCE AS MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH CLAUSES A(1), A(4), A(5), A(7) AND A(11) TO A(13) OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MANPASAND BEVERAGES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-APR-2024 TO 29-APR-2027
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-APR-2024 TO 29-APR-2027
IMPOSED PENALTY RS.1,00,000
30-APR-2024
|
SAT: SAT VIDE ITS ORDER DATED 21/05/2024 STAYED INTERIM DIRECTION AT PARAGRAPH NO.69(B) OF IMPUGNED ORDER SUBJECT TO APPELLANTS BEING PERMITTED TO KEY MANAGEMENT PERSONNEL (KMP). PARAGRAPH NOS.69(D) OF IMPUGNED ORDER REMAIN STAYED SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 105 |
|
|
BHASKAR PAUL
(PAN:AXTPP1047Q)
|
|
|
|
TRINITY TRADELINK LTD.
CIN:L11103MH1985PLC035826
PAN:AAFCS8117C
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(1)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF TRINITY TRADELINK LTD.
|
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 29-JUN-2022 TO 28-DEC-2022
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.2,00,000
29-JUN-2022
|
|
| 106 |
|
|
BHASKAR PAUL
(PAN:AXTPP1047Q)
|
|
|
|
NEWEVER TRADE WINGS LTD.
CIN:L74999WB2012PLC181106
PAN:AADCN9668B
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF NEWEVER TRADE WINGS LTD. VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(2), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 NEWEVER TRADE WINGS LTD.
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF NEWEVER TRADE WINGS LTD.
|
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 13-SEP-2022 TO 12-MAR-2023
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.2,00,000
13-SEP-2022
|
SAT: SAT VIDE ITS ORDER DATED 19/12/2022 PARTLY ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 13/09/2022
|
| 107 |
|
|
BHAVDEEP SINGH
(PAN:BHHPS8103F)
|
|
|
|
FORTIS HEALTHCARE LTD.
PAN:AAACF0987E
|
|
AIDED IN MISUSE AND DIVERSION OF PUBLIC SHAREHOLDERS FUNDS THROUGH BORROWER COMPANIES (BEST, FERN AND MODLAND) FOR BENEFIT OF RHC HOLDING PVT.LTD. VIOLATING SECTION 12(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FORTIS HEALTHCARE LTD.
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF FORTIS HEALTHCARE LTD.
|
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 19-APR-2022 TO 18-APR-2024
IMPOSED PENALTY RS.2,50,00,000
19-APR-2022
|
SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANTS TO DEPOSIT 50% PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY
SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANT TO DEPOSIT RS.25 LAC WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY
SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/11/2022 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER IF ANY, THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEALS AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 12/04/2023 ALLOWED FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 16/05/2023 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 24/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED REJOINDER TO BE FILED WITHIN A WEEK
|
| 108 |
|
|
BHAVESH DESAI
(PAN:AJMPD8376M)
|
|
|
|
KAVIT INDUSTRIES LTD.
CIN:L23100GJ1990PLC014692
PAN:AAACJ4907C
|
|
INDULGED IN MANIPULATION IN ANNUAL REPORTS AND BOOKS OF ACCOUNTS VIOLATING SECTION 21 OF SCRA READ WITH REGULATIONS 4(1)(A) TO (C) & (G), 4(2)(F)(I)(2), 4(2)(F)(II)(6) & (7) AND 4(2)(F)(III)(1),(3),(6) & (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KAVIT INDUSTRIES LTD.
MISUSED COMPANY’S FUND INCLUDING THROUGH GRANT OF LOANS IN MATTER OF KAVIT INDUSTRIES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-SEP-2018 TO 27-SEP-2021
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-SEP-2018 TO 27-SEP-2021
RESTRAINED FROM HOLDING OR OCCUPYING POSITION AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY FROM 28-SEP-2018 TO 27-SEP-2021
28-SEP-2018
|
SAT: SAT VIDE ITS ORDER DATED 21/12/2021 DISMISSED THE APPEAL AS INFRUCTUOUS AND DIRECTED TO FREEZE DEMAT ACCOUNTS OF THE APPELLANT
|
| 109 |
|
|
BHAVESH PRATAPRAI GANDHI
(PAN:AABPG9515D)
|
|
|
|
SKIL INFRASTRUCTURE LTD.
CIN:L36911MH1983PLC178299
|
|
PUBLISHED MISREPRESENTED / MISSTATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6) 4(2)(F)(II)(7), 17(8), 4(2)(F)(III)(7), 4(1) 4(2)E, 33(1)(A), 33(1)(C), 33(3)(B), 34(2)(B), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF SKIL INFRASTRUCTURE LTD.
FURNISHED FALSE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SKIL INFRASTRUCTURE LTD.
|
IMPOSED PENALTY RS.20,00,000
29-AUG-2024
|
SEBI VIDE ITS NOTICE DATED 30/12/2024 DIRECTED TO PAY RS.21,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 110 |
|
|
BHAVIK BHIMJYANI
(PAN:AABPB4736F)
|
|
|
ABSTAINED FROM VOTING ON RESOLUTIONS INVOLVING RELATED PARTY TRANSACTIONS AS REQUIRED UNDER REGULATIONS 23(4) AND (7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF R.T.EXPORTS LTD.
|
IMPOSED PENALTY RS.5,00,000
18-SEP-2019
|
SAT: SAT VIDE ITS ORDER DATED 21/01/2022 CONDONED THE DELAY IN FILING OF APPEAL AND QUASHED IMPUGNED ORDER DATED 18/09/2019. NO COSTS
|
| 111 |
|
|
BHOPINDER SINGH
(PAN:ADIPS9066P)
|
|
|
|
OMAXE LTD.
PAN:AAACO0171H
|
|
DID NOT EXERCISE DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF OMAXE LTD.
|
IMPOSED PENALTY RS.1,00,000
30-JUL-2024
|
SAT: SAT VIDE ITS ORDER DATED 01/10/2024 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN FOUR WEEKS THEREAFTER. STAYED THE DIRECTIONS IN PARAS NO.41(1) AND 41(2) SUBJECT TO DEPOSIT OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 16/12/2024 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/05/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
|
| 112 |
|
|
BIJAY KUMAR AGARWAL
(PAN:ACMPA7224N)
|
|
|
|
QUEST FINANCIAL SERVICES LTD.
CIN:L65993WB1980PLC033060
PAN:AAACQ0461C
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF QUEST FINANCIAL SERVICES LTD. AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF QUEST FINANCIAL SERVICES LTD.
DID NOT ADHERE TO REGULATION 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF QUEST FINANCIAL SERVICES LTD.
|
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 21-MAR-2022 TO 20-SEP-2022
IMPOSED PENALTY RS.3,00,000
21-MAR-2022
|
SAT: SAT VIDE ITS ORDER DATED 16/09/2022 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 01/11/2022 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
SAT: SAT VIDE ITS ORDER DATED 01/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND RECALLED ORDER DATED 01/11/2023
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 21/03/2022
|
| 113 |
|
|
BIMLA DEVI JINDAL
(PAN:ABSPJ6495R)
|
|
|
INDULGED IN MISREPRESENTATION IN ANNUAL REPORTS AND MADE FALSE IMPRESSION TO PUBLIC THAT GROWTH IN ITS BUSINESS AND EARNING GOOD REVENUES AND PROFITS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VIKAS PROPPANT AND GRANITE LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (G), (H), (J), 33(1)(A)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF VIKAS PROPPANT AND GRANITE LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF VIKAS PROPPANT AND GRANITE LTD.
|
IMPOSED PENALTY RS.25,00,000
28-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 26/06/2023 DIRECTED TO PAY RS.26,26,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 28/06/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF THE IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 01/09/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 19/10/2023 CONDONED THE DELAY IN FILING OF REPLY AND ALLOWED APPELLANTS FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 07/12/2023 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
|
| 114 |
|
|
BINDU DOGRA
(PAN:ALQPD5293F)
|
|
|
INDULGED IN MANIPULATION OF BOOKS OF ACCOUNTS AND PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FEDDERS ELECTRIC & ENGINEERING LTD.
DID NOT EXERCISE DUE DILIGENCE AS MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6), 4(2)(F)(II)(7), 4(2)(F)(III)(7) AND 18(3) READ WITH PARA A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 READ WITH CLAUSE 49(II)(D)(E), CLAUSE 49(IV)(A) OF SEBI CIRCULAR DATED 29/10/2004 AND CLAUSE 49(III)(D)(E) OF ERSTWHILE LISTING AGREEMENT DATED 17/04/2014 READ WITH REGULATION 103 OF SEBI (LODR) REGULATION, 2015 IN MATTER OF FEDDERS ELECTRIC & ENGINEERING LTD.
|
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 22-DEC-2023 TO 21-DEC-2025
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 22-DEC-2023 TO 21-DEC-2025
IMPOSED PENALTY RS.35,00,000
22-DEC-2023
|
SEBI VIDE ITS NOTICE DATED 15/04/2024 DIRECTED TO PAY RS.36,76,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 02/05/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED FOUR WEEKS TO FILE REPLY AND FILE REJOINDER FOUR WEEKS THEREAFTER. IN THE MEANWHILE STAYED THE IMPUGNED ORDER SUBJECT TO DEPOSIT OF RS.10 LAC EACH BY BOTH APPELLANTS WITH SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 22/05/2024 GRANTED EXTENSION OF TWO WEEKS FROM 30/05/2024 TO DEPOSIT RS.10 LAC AS ORDERED BY TRIBUNAL
SEBI VIDE ITS ORDER DATED 26/06/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 02/07/2024 CONDONED THE DELAY IN DEPOSITING THE AMOUNT. GRANTED SEBI TO VERIFY AND DEFREEZE APPELLANTS BANK ACCOUNTS
SAT: SAT VIDE ITS ORDER DATED 03/10/2024 ALLOWED EXEMPTION APPLICATION AND GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
|
| 115 |
|
|
BINOY GUPTA
(PAN:ACTPG5263E)
|
|
|
MISREPRESENTED FINANCIAL STATEMENTS BY CONTINUOUSLY SHOWING BALANCE OUTSTANDING FROM STRUCK-OFF AND DEFAULTER COMPANIES
MISUSED FUNDS AND MISREPRESENTED THROUGH LONG OUTSTANDING BALANCE OF LOAN AND ADVANCES AND NON-PROVISIONING FOR NINE YEARS
MISREPRESENTED FINANCIAL STATEMENTS AND DID NOT TAKE APPROVAL FROM AUDIT COMMITTEE/SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS
MISREPRESENTED BY NON-DISCLOSURE OF BALANCE OUTSTANDING FROM RELATED PARTIES
MISUSED AND DIVERTED FUNDS BY PROVIDING INTEREST FREE LOANS TO WHOLLY-OWNED SUBSIDIARY
DID NOT PERFORM DUTIES AND RESPONSIBILITIES AS AUDIT COMMITTEE MEMBER
|
IMPOSED PENALTY RS.1,00,000
23-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 29/11/2023 DIRECTED TO PAY RS.2,09,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 19/12/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 12/01/2024 CONDONED THE DELAY IN FILING OF APPEAL. RESPONDENTTO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 12/02/2024 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 16/04/2024 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 19/02/2026 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDERS DATED 28/07/2023 AND 23/08/2023 AND REDUCED PENALTY AMOUNT TO RS.1 LAC FROM RS.2 LAC U/S 15HB. NO COSTS
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| 116 |
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BIPLAB GANGULY
(PAN:AJWPG8882D)
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CARNATION INDUSTRIES LTD.
CIN:L27209WB1983PLC035920
PAN:AABCC0379E
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SUBMITTED FALSE AND MISLEADING COMPLIANCE CERTIFICATE VIOLATING REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF CARNATION INDUSTRIES LTD.
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IMPOSED PENALTY RS.1,00,000
26-AUG-2022
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SAT: SAT VIDE ITS ORDER DATED 24/01/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 30/03/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 11/05/2023 CONDONED THE DELAY IN FILING OF REPLY AND ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 27/07/2023 DIRECTED TO PAY RS.1,13,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/08/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 29/09/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,13,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS ORDER DATED 06/10/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7009 OF 2023 DATED 27/07/2023
SAT: SAT VIDE ITS ORDER DATED 12/07/2024 DISMISSED THE APPEAL. NO COSTS
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| 117 |
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BRIAN WILLIAM TEMPEST
(DIN:00101235)
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DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSES 49(II)(D)(1),(4),(5), 49(II)(E)(1)(2) AND CLAUSES 49((III)(D)(1),(4),(5) & (9), 49(III)(E)(1)(2), 49(V)(B) OF LISTING AGREEMENT {POST AMENDMENT DATED 17/04/2014} READ WITH REGULATION 103 OF THE SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FORTIS HEALTHCARE LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING REGULATION 18(3) READ WITH CLAUSES A(1), A(4), A(5), A(9), B(1) AND B(2) UNDER PART C OF SCHEDULE II AND REGULATION 24(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FORTIS HEALTHCARE LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING SECTION 21 OF THE SCRA, 1956 IN MATTER OF FORTIS HEALTHCARE LTD.
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IMPOSED PENALTY RS.25,00,000
18-MAY-2022
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SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 22/09/2022 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 29/09/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 17/11/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEAL AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 12/04/2023 ALLOWED FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED REJOINDER TO BE FILED WITHIN A WEEK
SAT: SAT VIDE ITS ORDER DATED 27/08/2024 DIRECTED TO DEPOSIT 50% OF PENALTY AMOUNT WHICH COMES TO RS.12.50 LAC TO SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS NOTICE DATED 03/04/2025 DIRECTED TO PAY RS.34,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 23/04/2025 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS NOTICE DATED 26/05/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.34,51,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
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| 118 |
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C.H.VASUNDHARA DEVI
(PAN:ABCPV8147N)
(Along with : I.R.RAVISH,
GIRI DEVNUR)
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DID NOT ADHERE TO REQUIREMENTS PRESCRIBED UNDER APPLICABLE IND AS IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AND DID NOT FULFIL MANDATORY DISCLOSURE OBLIGATIONS WITH RESPECT TO DECISION TO DEVIATE FROM COMPLIANCE VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C), 34(3) READ WITH CLAUSE B(2) OF SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS READ WITH SECTION 27(2) OF SEBI ACT., 1992 AND REGULATIONS 4(2)(F)(II)(7) AND (8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF COFFEE DAY ENTERPRISES LTD.
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IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
02-MAR-2026
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| 119 |
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C.P.TOSHNIWAL
(PAN:ABZPT0231G)
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FUTURE RETAIL LTD.
PAN:AADCB1093N
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DID NOT SEEK APPROVAL FROM AUDIT COMMITTEE OF FUTURE RETAIL LTD. FOR THE RECEIPT OF RS.1,347 CRORE FROM FUTURE ENTERPRISES LTD. AND RS.521 CRORE FROM BASUTI SALES & SERVICES PVT.LTD. VIOLATING REGULATION 23(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FUTURE RETIAL LTD.
DID NOT OBTAIN APPROVAL FROM SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATION 23(4) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FUTURE RETIAL LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORT OF FUTURE RETAIL LTD. VIOLATING REGULATION 34(3) READ WITH CLAUSE 1 OF PART A OF SCHEDULE V AND REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 AND PARA 19 OF IND AS 24 IN MATTER OF FUTURE RETIAL LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTIES AND RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATION REGULATION 34(3) READ WITH CLAUSE 1 OF PART A OF SCHEDULE V AND REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH PARA 9 OF IND AS 24 IN MATTER OF FUTURE RETIAL LTD.
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IMPOSED PENALTY RS.10,00,000
12-MAY-2026
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| 120 |
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CH.S.S.MALLIKARJUNA RAO
(PAN:AEWPM2516H)
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PNB HOUSING FINANCE LTD.
PAN:AAACP3682N
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ALLEGED FAILURE IN OBTAINING REGISTERED VALUER’S REPORT IN ACCORDANCE WITH ARTICLE 19(2) OF ARTICLES OF ASSOCIATION (AOA) OF COMPANY VIOLATING REGULATIONS 4(2)(F)(III)(3), (6) AND (7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.
ALLEGED FAILURE TO TAKE INTO ACCOUNT THE INTERESTS OF ALL STAKEHOLDER BY NOT ACCOUNTING FOR CONTROL PREMIUM IN PRICING OF THE PREFERENTIAL ISSUE VIOLATING REGULATIONS 4(2)(F)(III)(3), (6) AND (7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.
ALLEGED FAILURE IN MAKING ADEQUATE AND TIMELY DISCLOSURE OF MATERIAL INFORMATION TO STOCK EXCHANGES VIOLATING REGULATIONS 4(1)(D), 4(1)(H), 4(2)(B), 4(2)(E)(I), 4(2)(E)(II) AND 30(12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.
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REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.28,50,000, INTEREST RS.44,26,533 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
18-JUL-2022
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| 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 6 of 41
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