| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALLIED FINANCIAL SERVICES PVT.LTD.
(PAN:AAACA2020K)
|
|
|
|
AWANISH KUMAR MISHRA
PAN:AGOPM7538H
|
|
|
JITENDRA KUMAR TIWARI
PAN:ALBPT6629A
|
|
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
DID NOT MAINTAIN CONTINUOUS NETWORTH
FALSIFIED BOOKS AND WRONGLY REPORTED TO STOCK EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED DISPROPORTIONATE EXPOSURE TO CLIENTS
VIOLATED REGULATION 9(C), 12(A) AND 16 OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 04-NOV-2022 TO 03-NOV-2029
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 04-NOV-2022 TO 03-NOV-2029
DIRECTED TO CEASE & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 04-NOV-2022 TO 03-NOV-2029
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED TO UTILIZE ASSETS OF THE ENTITIES ONLY FOR THE PURPOSE OF PAYMENT OF MONEY AND/OR DELIVERY OF SECURITIES, AS THE CASE MAY BE, TO CLIENTS/INVESTORS UNDER THE SUPERVISION OF CONCERNED STOCK EXCHANGE(S)
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER WRITTEN CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED DEPOSITORIES TO CLOSELY MONITOR ACTIVITIES AS DEPOSITORY PARTICIPANT
DIRECTED TO REFUND MONEY TO THE INVESTORS
27-FEB-2019
|
SEBI VIDE ITS ORDER DATED 17/05/2019 CONFIRMEND THE DIRECTIONS ISSUED VIDE INTERIM ORDER DATED 27/02/2019
SEBI VIDE ITS ORDER DATED 20/06/2019 DIRECTED TO CONTINUE ALL THE DIRECTIONS CONTAINED IN INTERIM ORDER DATED 27/02/2019 AND CONFIRMATORY ORDER DATED 17/05/2019 EXCEPT PROHIBITION CONTAINED IN PARA 8 (C) AND PARA 8(E) OF INTERIM ORDER DATED 27/02/2019
|
| 2 |
|
|
EMBASSY OFFICE PARKS MANAGEMENT SERVICES PVT.LTD.
(PAN:AADCE6193J)
(Along with : EMBASSY REIT)
|
|
|
DID NOT ENSURE THAT MR.ARAVIND MAIYA, SATISFIED “FIT AND PROPER PERSON” CRITERIA AS PER CLAUSE 3 OF SCHEDULE II OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
DID NOT ADHERE TO NFRA ORDER DATED 19/08/2024 REGARDING STANDARDS OF AUDIT, QUALITY CONTROL STANDARDS AND CODE OF ETHICS BY CDEL’S STATUTORY AUDITOR DUE TO DEFICIENCIES IN AUDIT, ABDICATION OF RESPONSIBILITY AND ISSUANCE OF FALSE AND MISLEADING AUDIT REPORT TO DETRIMENT OF USERS OF THE FINANCIAL STATEMENTS VIOLATING CLAUSE 3(B) (III) OF SCHEDULE II OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
DIRECTED TO SUSPEND MR.ARAVINDMAIYA FROM ACTING AS CHIEF EXECUTIVE OFFICER AND APPOINT INTERIM CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT FROM 04-NOV-2024 TILL FURTHER ORDER
DIRECTED TO ENSURE COMPLIANCE WITH ‘FIT AND PROPER PERSON’ CRITERIA
04-NOV-2024
|
|
| 3 |
|
|
EMBASSY REIT
(Along with : EMBASSY OFFICE PARKS MANAGEMENT SERVICES PVT.LTD.)
|
|
|
DID NOT ENSURE THAT MR.ARAVIND MAIYA, SATISFIED “FIT AND PROPER PERSON” CRITERIA AS PER CLAUSE 3 OF SCHEDULE II OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
DID NOT ADHERE TO NFRA ORDER DATED 19/08/2024 REGARDING STANDARDS OF AUDIT, QUALITY CONTROL STANDARDS AND CODE OF ETHICS BY CDEL’S STATUTORY AUDITOR DUE TO DEFICIENCIES IN AUDIT, ABDICATION OF RESPONSIBILITY AND ISSUANCE OF FALSE AND MISLEADING AUDIT REPORT TO DETRIMENT OF USERS OF THE FINANCIAL STATEMENTS VIOLATING CLAUSE 3(B) (III) OF SCHEDULE II OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
DIRECTED TO SUSPEND MR.ARAVINDMAIYA FROM ACTING AS CHIEF EXECUTIVE OFFICER AND APPOINT INTERIM CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT FROM 04-NOV-2024 TILL FURTHER ORDER
DIRECTED TO ENSURE COMPLIANCE WITH ‘FIT AND PROPER PERSON’ CRITERIA
04-NOV-2024
|
|
| 4 |
|
|
EMERGING INDIA FOCUS FUNDS
(PAN:AACCE0596N)
|
|
|
ALLEGED VIOLATION OF REGULATION 22(1)(C) AND (H) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019
ALLEGED VIOLATION OF CLAUSE 6 OF THIRD SCHEDULE OF CODE OF CONDUCT OF REGULATION 23 OF SEBI(FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019
ALLEGED VIOLATION OF CLAUSE 6 READ WITH CLAUSE 3(B)(III) OF SCHEDULE II READ WITH REGULATION 7 OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.64,35,000 VIDE CONSENT ORDER)
18-NOV-2024
|
|
| 5 |
|
|
HNI RESEARCH
(PAN:AKDPG6338G)
|
|
|
|
DWARKA PRASAD GUPTA
PAN:AKDPG6338G
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT INTIMATE SEBI ABOUT CHANGE OF ADDRESS VIOLATING REGULATIONS 9(1)(C) AND 13(1) OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
23-FEB-2022
|
|
| 6 |
|
|
SHARES BAZAAR AIF
|
|
|
SUBMITTED FALSE INFORMATION ALONG WITH APPLICATION FOR REGISTRATION AS ALTERNATIVE INVESTMENT FUND
NOT A FIT & PROPER PERSON TO GRANT REGISTRATION AS ALTERNATE INVESTMENT FUND
|
RESTRAINED FROM TAKING NEW COMMITMENTS/INVESTMENTS FROM ANY INVESTORS
RESTRAINED FROM DRAWING DOWN FUNDS FROM INVESTORS FOR COMMITMENTS ALREADY RECEIVED
01-FEB-2024
|
SEBI VIDE ITS ORDER DATED 30/10/2024 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 01/02/2024
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 CONDONED THE DELAY OF 11 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
