| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
BEST HEALTHCARE PVT.LTD.
(PAN:AADCB1811A)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| 2 |
|
|
FERN HEALTHCARE PVT.LTD.
(PAN:AACCR3509E)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| 3 |
|
|
FORTIS HOSPITALS LTD.
(PAN:AABCF3718N)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
MISREPRESENTED FINANCIAL POSITION AND ARTIFICIALLY INFLATED BANK BALANCE OF FHSL AND DID NOT MAKE DISCLOSURE OF MATERIAL INFORMATION IN BOOKS OF ACCOUNTS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) & 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED TO TAKE ALL NECESSARY STEPS TO RECOVER RS.403 CRORES (APPROX.) ALONGWITH INTEREST FROM RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED TO CONTINUE TO PURSUE THE MEASURES TO RECALL OUTSTANDING AMOUNT OF RS.403.00 CRORES (APPROX.) ALONG WITH DUE INTEREST FROM NOTICEES NO.3 TO 11 (VIZ. RHC, SHIV HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD. BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD. AND MODLAND WEARS PVT.LTD.)
|
| 4 |
|
|
MALAV HOLDINGS PVT.LTD.
(PAN:AADCM1170B)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| 5 |
|
|
MODLAND WEARS PVT.LTD.
(PAN:AAACM0216F)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| 6 |
|
|
RELIGARE FINVEST LTD.
(PAN:AAFCS6801H)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS AND/OR COMPLIED WITH TERMS OF “CORRECTIVE ACTION PLAN” AS STIPULATED BY RESERVE BANK OF INDIA
|
| 7 |
|
|
RHC HOLDING PVT.LTD.
(CIN:U67190DL2007PTC162322
PAN:AAKCS7686P)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| 8 |
|
|
SHIVI HOLDINGS PVT.LTD.
(PAN:AAACO2664H)
|
|
|
INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY
DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
17-OCT-2018
|
SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI
SEBI VIDE ITS ORDER DATED 19/03/2019 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM EX-PARTE ORDER DATED 17/10/2018 READ WITH ORDER DATED 21/12/2018 TILL FURTHER ORDERS AND DIRECTED NOT TO DISPOSE OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT FOR MEETING EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS, WITHOUT PRIOR PERMISSION OF SEBI
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
