| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
COFFEE DAY ENTERPRISES LTD.
(PAN:AADCC3995L)
|
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INDULGED IN DIVERSION OF FUNDS OF RS.3,535 CRORE FROM SEVEN SUBSIDIARY COMPANIES OF COFFEE DAY ENTERPRISES LTD. TO MYSORE AMALGAMATED COFFEE ESTATES LTD. WITHOUT APPROVAL OF BOARD, AUDIT COMMITTEE OR SHAREHOLDERS VIOLATING REGULATIONS 4, 5, 16, 23(1), 23(2), 23(4) AND 24 OF SEBI (LODR) REGULATIONS, 2015
INDULGED IN DIVERSION OF FUNDS TO RS.3,535 CRORE FROM SUBSIDIARY COMPANIES OF COFFEE DAY ENTERPRISES LTD. TO MYSORE AMALGAMATED COFFEE ESTATES LTD. WITHOUT APPROVAL OF BOARD, AUDIT COMMITTEE OR SHAREHOLDERS VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
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DIRECTED TO TAKE NECESSARY STEPS TO RECOVER ENTIRE DUES
DIRECTED TO APPOINT INDEPENDENT LAW FIRM
DIRECTED TO EXTEND ALL NECESSARY ASSISTANCE AND AUTHORIZATION TO LAW FIRM
DIRECTED TO FILE QUARTERLY REPORT WITH NSE/BOARD OF COFFEE DAY ENTERPRISES LTD., DETAILING PROGRESS IN RECOVERY PROCESS
DIRECTED TO PLACE EVERY ANNUAL GENERAL MEETING UPDATED DETAILED REPORT ON THE RECOVERY PROCESS UNDERTOOK BY NOTICEE AND/OR ITS SUBSIDIARIES
IMPOSED PENALTY RS.26,00,00,000
24-JAN-2023
|
SAT: SAT VIDE ITS ORDER DATED 03/03/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPOSITION OF PENALTY DURING PENDENCY OF APPEAL AND APPELLANT TO FURNISH UNDERTAKING TO SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 02/05/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 2 |
|
|
RANA SUGARS LTD.
(PAN:AABCR6744C)
|
|
|
DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF RANA SUGAR LTD.
INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO ITS PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C), 3(D), 4(1), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RANA SUGAR LTD.
DID NOT ADHERE TO ANNUAL REPORT SPECIFIED IN COMPANIES ACT, 2013 VIOLATING REGULATION 34(3) OF SEBI (LODR) REGULATIONS, 2015
INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.
|
DIRECTED TO TAKE NECESSARY STEPS TO RECOVER ENTIRE DUES
DIRECTED TO APPOINT INDEPENDENT LAW FIRM
DIRECTED TO EXTEND ALL NECESSARY ASSISTANCE AND AUTHORIZATION TO LAW FIRM
DIRECTED LAW FIRM TO FILE QUARTERLY REPORT WITH BOARD OF RANA SUGARS LTD. DETAILING PROGRESS IN RECOVERY PROCESS
DIRECTED TO PLACE EVERY ANNUAL GENERAL MEETING UPDATED DETAILED REPORT ON THE RECOVERY PROCESS UNDERTOOK BY NOTICEE AND/OR ITS SUBSIDIARIES
IMPOSED PENALTY RS.7,00,00,000
27-AUG-2024
|
SAT: SAT VIDE ITS ORDER DATED 06/01/2025 GRANTED APPELLANTS A WEEK’S TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 15/01/2025 ALLOWED THE EXEMPTION APPLICATION AND GRANTED EARLIER INTERIM PROTECTION TO BE CONTINUE TILL NEXT DATE OF HEARING
|
| 3 |
|
|
RANA SUGARS LTD.
(PAN:AABCR6744C)
|
|
|
|
MANOJ GUPTA
PAN:AATPG3850H
|
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|
RAJBANS KAUR
PAN:AMVPK3864D
|
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RANA GURJEET SINGH
PAN:ADYPS5459E
|
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RANA INDER PRATAP SINGH
PAN:AVNPS6106M
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RANA KARAN PARTAP SINGH
PAN:BKYPS5096P
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RANA PREET INDER SINGH
PAN:BKYPS5068K
|
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RANA RANJIT SINGH
PAN:ADXPS5464N
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RANA VEER PRATAP SINGH
PAN:BAFPS9170M
|
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SUKHJINDER KAUR
PAN:AMVPK3867A
|
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INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO ITS PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C), 3(D), 4(1), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RANA SUGAR LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II AND REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 1992 IN MATTER OF RANA SUGAR LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS WITH PROMOTER GROUP COMPANY/COMPANIES RELATED TO PROMOTERS AND DID NOT TAKE AUDIT COMMITTEE AND/OR SHAREHOLDER’S APPROVAL FOR UNDISCLOSED RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 23(2), 23(4), 23(9), 30(2), 30(3), 33(1)(C) AND 34(3) READ WITH PART A OF SCHEDULE V READ WITH CLAUSE (2)(B) AND (3)(C) OF PART C OF SCHEDULE V SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RANA SUGAR LTD.
DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RANA SUGAR LTD.
DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF RANA SUGAR LTD.
INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATING REGULATIONS 4(1)(C) AND 4(1)(E) AOF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.
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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 27-AUG-2024 TO 26-AUG-2026
IMPOSED PENALTY RS.20,00,00,000
RESTRAINED FROM HOLDING OR OCCUPYING POSITION AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY FROM 27-AUG-2024 TO 26-AUG-2026
DIRECTED TO EXTEND ALL NECESSARY ASSISTANCE AND AUTHORIZATION TO LAW FIRM
27-AUG-2024
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
