| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
SEEMA CHHABRA
(DIN:02677885)
|
|
|
|
CHHABRA LAND & HOUSING LTD.
CIN:U65921PB1994PLC015168
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 142 |
|
|
SEEMA CHHABRA
(DIN:02677885)
|
|
|
|
CHHABRA LAND & HOUSING LTD.
CIN:U65921PB1994PLC015168
|
|
MADE VARIOUS MIS-STATEMENTS AND NON-DISCLOSURES IN PROSPECTUS OF CHHABRA LAND & HOUSING LTD.
CREATED FALSE EVIDENCES TO SUBSTANTIATE DISCLOSURES MADE IN PROSPECTUS OF CHHABRA LAND & HOUSING LTD.AND TO SHOW RECEIPT OF PROMOTER'S CONTRIBUTION
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-NOV-2002 TO 28-NOV-2007
29-NOV-2002
|
|
| 143 |
|
|
SERGIO CORENO
|
|
|
|
TOUBRO INFOTECH & INDUSTRIES LTD.
|
|
ISSUED SHARE/DEBENTURE APPLICATION FORMS WITHOUT ATTACHING A COPY OF THE PROSPECTUS/ABRIDGED PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAR-2003 TO 24-MAR-2008
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAR-2003 TO 24-MAR-2008
DIRECTED TO REFUND THE MONEY RAISED, TO DEBENTURE HOLDERS WITH INTEREST @10% WITHIN A PERIOD OF TWO WEEKS FROM DATE OF THIS ORDER
28-MAR-2001
|
SAT: SAT VIDE ITS ORDER DATED 19/07/2004 1.SET ASIDE ORDER DATED 25/03/2003, DIRECTING APPELLANTS TO REFUND MONEY WITH 10% INTEREST TO DEBENTURE HOLDERS 2.MODIFIED ORDER DIRECTING APPELLANTS NOT TO ACCESS AND ASSOCIATE WITH CAPITAL MARKET, DEALING IN SECURITIES OR ASSOCIATING WITH ANY INTERMEDIARIES IN CAPITAL MARKET FOR A PERIOD OF FIVE YEARS TO PERIOD ALREADY UNDERGONE 3.DIRECTED APPELLANTS TO REDRESS ALL GRIEVANCES OF DEBENTURE HOLDERS,IF ANY.NO ORDER AS TO COSTS
|
| 144 |
|
|
SHAILA SHAH
|
|
|
|
JALTARANG MOTELS LTD.
|
|
VIOLATED SECTION 24 OF SEBI ACT, 1992
VIOLATED SECTION 11 OF SEBI ACT, 1992
MIS-STATEMENTS IN THE PROSPECTUS
DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD
INDULGED IN CRIMINAL CONSPIRACY TO COMMIT AN OFFENCE (SECTION 120B – IPC)
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 145 |
|
|
SHANKARMAL PILANI
|
|
|
|
GANESH BENZOPLAST LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
DISMISSED
|
| 146 |
|
|
SHIV SHANKER AGARWAL
|
|
|
|
RITESH POLYESTERS LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
THE OFFENCE WAS COMPOUNDED ON PAYMENT OF OF RS.15000 BY EACH OF THE ACCUSED
|
| 147 |
|
|
SIMMI GUPTA
(DIN:00631879)
|
|
|
|
HITECH COMVISION LTD.
CIN:U99999DL1999PLC099468
|
|
MISLEADING INFORMATION IN DRAFT OFFER DOCUMENT
SHOWED OPERATIONS AS AN INFOTECH COMPANY TO LURE INVESTORS TO INVEST IN SHARES OF COMPANY
OMITTED INFORMATION IN OFFER DOCUMENT PERTAINING TO FINANCIAL PERFORMANCE AND GAVE WRONG INFORMATION TO JUSTIFY ISSUE PRICE IN DRAFT OFFER DOCUMENT
DID NOT GIVE BASIS OF VALUATION OF ACQUISITION OF IMAGE AND TRAVELHINDUSTAN.COM
DRAFT OFFER DOCUMENT SHOWED UNETHICAL PRACTICES TO REPORT A HIGH TURNOVER ETC
GAVE FALSE INFORMATION ABOUT SUNDRY DEBTORS
COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-MAY-2002 TO 30-MAY-2007
PROHIBITED PUBLIC COMPANIES IN WHICH THIS DIRECTOR HAS CONTROLLING/SUBSTANTIAL INTEREST TO RAISE FUNDS FROM CAPITAL MARKET FROM 31-MAY-2002 TO 30-MAY-2007
31-MAY-2002
|
|
| 148 |
|
|
SOMESH MEHROTRA
|
|
|
|
VLS FINANCE LTD.
|
|
DID NOT HONOUR COMMITMENT RELATING TO CONVERSION OF WARRANTS AS UNDERTAKEN OR REPRESENTED IN PROSPECTUS
|
DIRECTED TO HONOUR THEIR COMMITMENT RELATING TO CONVERSION OF WARRANTS
20-SEP-2002
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 149 |
|
|
SUMAN GUPTA
|
|
|
|
BRAHASPATI FINANCERS LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
31-MAR-2010
|
|
| 150 |
|
|
SUMITA CHATLY
|
|
|
|
SHREE DEWAN STEELS (INDIA) LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ACCUSED NO. 4 AND 5 ARE DISCHARGED BY THE TRIAL COURT ON THE GROUND THAT SEBI FAILED TO PROVE THAT THERE WAS ANY AUTHORIZATION BY A4&5 FOR THE PROSPECTUS OR THERE WAS ANY SIGNATURE ON THE PROSPECTUS
|
| 151 |
|
|
SUNEETI RAJ MATHUR
|
|
|
|
V.R.MATHUR MASS COMMUNICATIONS LTD.
|
|
MIS-STATEMENTS IN PROSPECTUS OF PUBLIC ISSUE OF V.R.MATHUR MASS COMMUNICATIONS LTD.
|
IMPOSED FINE RS.15,000
22-AUG-2002
|
COMPANY LAW BOARD VIDE ITS ORDER DATED 06/12/2005 CONFIRMED THAT OFFENCES UNDER SECTION 63 AND 68 OF THE COMPANIES ACT, 1956 HAVE BEEN COMPOUNDED AND COMPOUNDING FEE OF RS.45,000.00 HAS BEEN REMMITTED BY THE APPLICANTS ON 28/11/2005
|
| 152 |
|
|
SUNEETI RAJ MATHUR
|
|
|
|
V.R.MATHUR MASS COMMUNICATIONS LTD.
|
|
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
IN C.C.144/01 ACCUSED NO.2 WAS CONVICTED WITH IMPRISONMENT OF 3 MONTH AND FINE OF RS.15000 ACCUSED NO. 1 & 3 WERE CONVICTED AND SENTENCED TO FINE OF RS.15,000 ONLY. ON APPEAL BEFORE SESSIONS COURT THE CASE WAS COMPOUNDED UPON RECOMMENDATION OF COMPANY LAW BOARD ON PAYMENT OF RS.15,000 EACH BY ACCUSED NO.1 TO 3. IN CC NO. 11/2002 (SPLIT UP FROM CC NO 144/2001), THE COURT VIDE ITS ORDER DATED 21.08.2006 CONVICTED ACCUSED NO.4 AND 5 WITH A FINE OF RS.3000 EACH AND ON DEFAULT IMPRISONMENT FOR 3 MONTHS. CASE IS PENDING AGAINST ACCUSED NO.6, SYED MEHDI AS CC NO.90/2001 (SPLIT UP FROM CC NO.144/2001)
|
| 153 |
|
|
SUNIL CHHABRA
(DIN:05125665)
|
|
|
|
CHHABRA LAND & HOUSING LTD.
CIN:U65921PB1994PLC015168
|
|
MADE VARIOUS MIS-STATEMENTS AND NON-DISCLOSURES IN PROSPECTUS OF CHHABRA LAND & HOUSING LTD.
CREATED FALSE EVIDENCES TO SUBSTANTIATE DISCLOSURES MADE IN PROSPECTUS OF CHHABRA LAND & HOUSING LTD.AND TO SHOW RECEIPT OF PROMOTER'S CONTRIBUTION
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-NOV-2002 TO 28-NOV-2007
29-NOV-2002
|
|
| 154 |
|
|
SUNIL CHHABRA
(DIN:05125665)
|
|
|
|
CHHABRA LAND & HOUSING LTD.
CIN:U65921PB1994PLC015168
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
15-MAY-2006
|
COMPLAINT UNDER SECTION 621 READ WITH SECTION 63 AND 68 OF COMPANIES ACT AND SECTION 200 OF CR.P.C. WAS FILED BY SEBI AGAINST CHHABRA LAND AND HOUSING LTD AND ITS DIRECTORS ISSUED PROSPECTUS CONTAINING THE PATENTLY FALSE AND UNTRUE STATEMENTS AS THEY CAME OUT WITH THE PUBLIC ISSUES OF 26,40,000 EQUITY SHARES OF RS.10.00 EACH AGGREGATING TO RS.264 LACS. THE COURT FOUND NO GROUND TO PROCEED AGAINST THE ACCUSED AND DISMISSED THE COMPLAINT VIDE IMPUGNED ORDER DATED 07/01/2016. THERAFTER, REVISION PETITION WAS FILED IN SESSIONS COURT WHEREIN, WHILE DISMISSING THE REVISION PEITIONED HELD THAT UNDER SECTION 63 OF THE COMPANIES ACT, THE OFFENCE IS MADE OUT AGAINST ONE WHO HAD AUTHORISED THE ISSUESANCE OF PROSPECTUS AND FOR THAT IT WAS PARAMOUNT FOR THE COMPLAINANT TO PROVE ON RECORD THE RESOLUTION OF THE BOARD OF DIRECTORS AUTHORISING THE ISSUANCE OF THE PROSPECTUS. THE FOUNDATION OF ISSUANCE OF THE PROSPECTUS HAS NOT BEEN BROUGHT ON RECORD AND AS ALLEGED THAT THE PROSPECTUS HAD CONTAINED SOME MIS-STATEMENTS AND NON DISCLOSURE OF MATERIAL INFORMATION AND THESE ALLEGATIONS CAN ONLY BE PROVED IF THE AUTHORITY BEHIND THE ISSUANCE OF PROSPECTUS COULD BE ESTABLISHED. HENCE, THE LEARNED TRIAL COURT WHILE TAKING INTO ACCOUNT ALL THESE FACTS HAD RIGHTLY DISCHARGED THE ACCUSED VIDE THE IMPUGNED ORDER, WHICH DOES NOT SUFFER FROM ANY INFIRMITY, IMPROPRIETY OR ILLEGALITY AND THE SAME IS HEREBY UPHELD AND AFFIRMED
|
| 155 |
|
|
SUNITA K.THAKKAR
|
|
|
|
BALWANT TEXTILE MILLS LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 156 |
|
|
SURENDRA KUMAR AGARWAL
|
|
|
|
RITESH POLYESTERS LTD.
|
|
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
THE OFFENCE WAS COMPOUNDED ON PAYMENT OF OF RS.15000 BY EACH OF THE ACCUSED
|
| 157 |
|
|
SURENDRA LUNIA
|
|
|
|
HFCL INFOTEL LTD.
|
|
MISLEADING INFORMATION IN DRAFT OFFER DOCUMENT
|
DIRECTED NOT TO PROCEED WITH THE PUBLIC ISSUE
07-MAR-2007
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 07/03/2007 SET ASIDE WITH DIRECTION TO SEBI TO ISSUE LETTER OF OBSERVATIONS WITHIN SIX WEEKS
|
| 158 |
|
|
SURENDRA SINGH BHADOO
|
|
|
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
ALL ACCUSED DECLARED PO
|
| 159 |
|
|
SURESH R.AGARWAL
|
|
|
|
TRIDENT STEELS LTD.
|
|
HOLDINGS OF PROMOTERS HAD ALREADY BEEN PLEDGED TO A BANK FOR RAISING CREDIT LIMITS
DID NOT DISCLOSE IN PROSPECTUS PRINCIPAL TERMS OF LOAN AND ASSETS CHARGED AS SECURITY
MIS-STATEMENTS IN THE PROSPECTUS
DID NOT TRANSFER SHARES LODGED FOR TRANSFER
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-APR-2004 TO 20-APR-2009
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-APR-2004 TO 20-APR-2009
31-MAR-2004
|
|
| 160 |
|
|
SYED M.MEHDI
|
|
|
|
V.R.MATHUR MASS COMMUNICATIONS LTD.
|
|
FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY
MIS-STATEMENTS IN THE PROSPECTUS
|
PROSECUTION LAUNCHED
15-MAY-2006
|
IN C.C.144/01 ACCUSED NO.2 WAS CONVICTED WITH IMPRISONMENT OF 3 MONTH AND FINE OF RS.15000 ACCUSED NO. 1 & 3 WERE CONVICTED AND SENTENCED TO FINE OF RS.15,000 ONLY. ON APPEAL BEFORE SESSIONS COURT THE CASE WAS COMPOUNDED UPON RECOMMENDATION OF COMPANY LAW BOARD ON PAYMENT OF RS.15,000 EACH BY ACCUSED NO.1 TO 3. IN CC NO. 11/2002 (SPLIT UP FROM CC NO 144/2001), THE COURT VIDE ITS ORDER DATED 21.08.2006 CONVICTED ACCUSED NO.4 AND 5 WITH A FINE OF RS.3000 EACH AND ON DEFAULT IMPRISONMENT FOR 3 MONTHS. CASE IS PENDING AGAINST ACCUSED NO.6, SYED MEHDI AS CC NO.90/2001 (SPLIT UP FROM CC NO.144/2001)
|
| 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 8 of 10
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