| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AXIS TRUSTEE SERVICES LTD.
(PAN:AAHCA3172B)
|
|
|
DID NOT ENSURE TIMELY DISCLOSURE OF NFRA ORDER AGAINST CEO OF EMBASSY OFFICE PARK REIT (MANAGER) VIOLATING REGULATIONS 9(3), 9(4), 9(16) AND 7(D) READ WITH CLAUSES 1, 2, 7 AND 8 OF SCHEDULE VI OF SEBI (REIT ) REGULATIONS, 2014
DID NOT ENSURE TIMELY DISCLOSURE OF OPINION OF MANAGER THAT MR.ARAVIND MAIYAW AS A ‘FIT AND PROPER’ TO ACT AS A CEO OF EMBASSY OFFICE PARKS MANAGEMENT SERVICES PVT.LTD. VIOLATING REGULATIONS 9(3), 9(4), 9(16) AND 7(D) READ WITH CLAUSES 1, 2, 7 AND 8 OF SCHEDULE VI OF SEBI (REIT ) REGULATIONS, 2014
DID NOT INDEPENDENTLY ASSESS AS TO WHETHER MR.ARAVIND MAIYAW AS A ‘FIT AND PROPER’ TO ACT AS A CEO OF EMBASSY OFFICE PARK REIT (MANAGER) PURSUANT TO NFRA ORDER VIOLATING REGULATIONS 9(3), 9(4), 9(16) AND 7(D) READ WITH CLAUSES 1, 2, 7 AND 8 OF SCHEDULE VI OF SEBI (REIT ) REGULATIONS, 2014
|
IMPOSED PENALTY RS.10,00,000
29-APR-2026
|
|
| 2 |
|
|
BROOKPROP MANAGEMENT SERVICES PVT.LTD.
(PAN:AAHCB7241C)
|
|
|
ALLEGED MAKING USE OF BORROWED FUNDS FOR FACILITATING DISTRIBUTION OF NET DISTRIBUTABLE CASH FLOW VIOLATING REGULATION 7(D) READ WITH CLAUSES 5 AND 7 OF SCHEDULE VI OF SEBI (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.20,47,500 VIDE CONSENT ORDER)
01-SEP-2025
|
|
| 3 |
|
|
EMBASSY OFFICE PARKS MANAGEMENT SERVICES PVT.LTD.
(PAN:AADCE6193J)
|
|
|
|
ARAVIND MAIYA
|
|
ALLEGED DELAY IN MAKING DISCLOSURE OF THE ORDER PASSED BY NFRA AGAINST MR.ARAVIND MAIYA, CEO AND KMP OF APPLICANT, WHO WAS FOUND TO BE GUILTY OF PROFESSIONAL MISCONDUCT IN HIS PREVIOUS ROLE AS AUDITOR TO UNITHOLDERS AND STOCK EXCHANGES VIOLATING REGULATION 7(D) READ WITH CLAUSE 1, 2, 7 AND 8 OF SCHEDULE VI AND REGULATION 10(14) OF SEBI (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.18,39,825 VIDE CONSENT ORDER)
17-NOV-2025
|
|
| 4 |
|
|
K RAHEJA INVESTMENT MANAGERS LLP
(PAN:AATFK2907R)
|
|
|
ALLEGED ERRORS IN CALCULATING NET DISTRIBUTABLE CASH FLOWS (NDCF) FIGURES AT SPECIAL PURPOSE VEHICLE (SPV) LEVEL VIOLATING REGULATIONS 10(14) AND 7(D) READ WITH CLAUSES 1, 2 AND 8 OF SCHEDULE VI OF SEBI (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014 IN MATTER OF MINDSPACE BUSINESS PARKS REIT
ALLEGED MAKING INCORRECT AND INCOMPLETE DISCLOSURES OF NET DISTRIBUTABLE CASH FLOWS (NDCF) IN HALF YEARLY AND ANNUAL REPORTS VIOLATING REGULATIONS 10(14), 10(29) AND 7(D) READ WITH CLAUSES 2 AND 8 OF SCHEDULE VI OF SEBI (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014 IN MATTER OF MINDSPACE BUSINESS PARKS REIT
ALLEGED DISTRIBUTION OF NET DISTRIBUTABLE CASH FLOWS (NDCF) DESPITE HAVING NEGATIVE CASH BALANCES IN SPECIAL PURPOSE VEHICLE (SPV) TO REIT BY BORROWING FUNDS WHICH WAS ULTIMATELY DISTRIBUTED TO UNIT HOLDERS VIOLATING REGULATION 7(D) READ WITH CLAUSES 5 AND 7 OF SCHEDULE VI OF SEBI (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014 IN MATTER OF MINDSPACE BUSINESS PARKS REIT
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.68,73,750 VIDE CONSENT ORDER)
28-NOV-2024
|
|
| 5 |
|
|
NEXUS SELECT MALL MANAGEMENT PVT.LTD.
(PAN:AAHCN6694D)
|
|
|
ALLEGED FAILURE TO MAINTAIN REQUIRED NET WORTH AND DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN NET WORTH VIOLATING REGULATIONS 7(B) READ WITH 4 OF AND REGULATIONS 7(C) READ WITH 4(2)(E) OF (REAL ESTATE INVESTMENT TRUSTS) REGULATIONS, 2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.24,37,500 VIDE CONSENT ORDER)
04-MAR-2026
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
