| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ADMIRE CONSULTANTS PVT.LTD.
(PAN:AAFCA3804N)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2019
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2019
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 2 |
|
|
BRIGHTWORD CONSULTANCY PVT.LTD.
(PAN:AACCB6976B)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2018
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2018
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 3 |
|
|
CORE REAL ESTATE PVT.LTD.
(PAN:AAACC6003A)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2018
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2018
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 4 |
|
|
F2FUN & FITNESS (INDIA) PVT.LTD.
(PAN:AABCS3522M)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2018
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2018
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 5 |
|
|
G.BHAVSAR & CO.
|
|
|
INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
|
|
| 6 |
|
|
GIRISH HOTEL,RESORTS & HEALTH FARM LTD.
|
|
|
|
BALDEV BHAI RAMI
|
|
|
DEVENDRA PAINTER
|
|
|
GIRISH P.RUPAREL
|
|
SUBMITTED FORGED NOCS PURPORTED TO HAVE BEEN ISSUED BY SEBI
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 04-MAR-1998 TO 03-MAR-2003
06-MAR-1998
|
|
| 7 |
|
|
GIRISH TRAVELS & COURIERS LTD.
(CIN:L63040GJ1991PLC016449)
|
|
|
SUBMITTED FORGED NOCS PURPORTED TO HAVE BEEN ISSUED BY SEBI
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 04-MAR-1998 TO 04-MAR-2003
06-MAR-1998
|
|
| 8 |
|
|
GROWTH AGRO INDUSTRIES LTD.
|
|
|
INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
|
|
| 9 |
|
|
GUJARAT FUN N WATER PARK LTD.
|
|
|
INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
|
|
| 10 |
|
|
INDIAN SHELTERS LTD.
|
|
|
INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
|
|
| 11 |
|
|
INDO-CARE PHARMACEUTICALS LTD.
(CIN:U99999GJ1995PLC027457)
|
|
|
INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
|
|
| 12 |
|
|
LOOP ENGINEERING CONSULTANTS PVT.LTD.
(PAN:AAACL5624Q)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2019
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2019
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 13 |
|
|
MISHTANN FOODS LTD.
(PAN:AAACH5335G)
|
|
|
|
BHARATBHAI JETHABHAI PATEL
PAN:BITPP3746E
|
|
|
DEVALKUMAR BHARATBHAI PATEL
PAN:CSYPP6285L
|
|
|
HITESHKUMAR GAURISHANKAR PATEL
PAN:ASZPP4210E
|
|
|
JATINBHAI RAMANBHAI PATEL
PAN:AWRPP3066G
|
|
|
KANAKKUMAR VINODBHAI PATEL
PAN:EUWPP8468M
|
|
|
MANJULABEN GAURISHANKAR PATEL
|
|
|
NAVINCHANDRA DAHYALAL PATEL
PAN:AHKPP9016G
|
|
|
NIKITABEN DEVALBHAI PATEL
PAN:CCEPP0198L
|
|
|
RAVIKUMAR GAURISHANKAR PATEL
PAN:ASZPP4552H
|
|
|
REKHABEN KANAKKUMAR PATEL
|
|
|
SURENDRA KUMAR YADAV
PAN:AOBPY4416K
|
|
|
TEJAL RAVIKUMAR PATEL
PAN:BEUPP6389A
|
|
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
MISREPRESENTED AND MISSTATED OF FINANCIAL STATEMENTS VIOLATING
SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
INDULGED IN DIVERSION/ MISUTILISATION/ MISAPPROPRIATION OF FUNDS VIOLATING REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003IN MATTER OF MISHTANN FOODS LTD.
DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 1 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES AND DID NOT TAKE NECESSARY APPROVALS FROM AUDIT COMMITTEE AND SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 23(2), 23(4), 23(9) AND 34(3) READ WITH SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT APPOINT MINIMUM NUMBER OF INDEPENDENT DIRECTORS AND PROPER CONSTITUTION OF VARIOUS COMMITTEES VIOLATING REGULATIONS 17(1)(B), 18(1)(A) AND 18(1)(B) OF SEBI (LODR) REGULATIONS, 2015
DID NOT HAVE PROPER COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE VIOLATING REGULATION 19(1) OF SEBI (LODR) REGULATIONS, 2015
DID NOT APPOINT QUALIFIED CFO AND CHAIRMAN OF AUDIT COMMITTEE VIOLATING REGULATION 18(1) (C) OF SEBI (LODR) REGULATIONS, 2015
DID NOT APPLY FOR RECLASSIFICATION OF STATUS OF PROMOTERS AND DID NOT DISCLOSE ALL THE PROMOTERS IN THE SHAREHOLDING PATTERN VIOLATING REGULATIONS 31(4) AND 31A(2) OF SEBI (LODR) REGULATIONS, 2015
DELAY IN MAKING DISCLOSURES OF ARREST OF MANAGING DIRECTOR AND DID NOT MAKE DISCLOSURE OF SEARCH AND SEIZURE PROCEEDINGS BY CGST AUTHORITY VIOLATING REGULATION 30(2) READ WITH PARA A OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-DEC-2024 UNTIL FURTHER ORDERS
DIRECTED TO BRING BACK RIGHTS ISSUE PROCEEDS RS.49.82 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED THROUGH GROUP ENTITIES AND RS.47.10 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED TO PROMOTERS/DIRECTORS OF MISHTANN FOODS LTD. AND THEIR RELATIVES THROUGH FICTITIOUS SALES/PURCHASES WITH GROUP ENTITIES
DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM
DIRECTED NEW AUDIT COMMITTEES TO ENHANCE OVERSIGHT OF FINANCIAL REPORTING PROCESS AND DISCLOSURE OF ITS FINANCIAL INFORMATION AND TO ENSURE FINANCIAL STATEMENTS ARE CORRECT, SUFFICIENT AND CREDIBLE
DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT MISHTANN FOODS LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015
DIRECTED BSE NOT TO APPROVE ANY RIGHTS ISSUE APPLICATION FILE BY MISHTANN FOODS LTD. FROM 05-DEC-2024 UNTIL FURTHER ORDERS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-DEC-2024 UNTIL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-DEC-2024 UNTIL FURTHER ORDERS
05-DEC-2024
|
|
| 14 |
|
|
OCCASION IMPEX PVT.LTD.
(PAN:AABFO3272H)
|
|
|
INDULGED IN ALLOTMENT OF CONVERTIBLE WARRANTS OR EQUITY SHARES WITHOUT GETTING ACTUAL CONSIDERATION IN MATTER OF VALECHA ENGINEERING LTD.
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-JAN-2016 TO 04-JAN-2019
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JAN-2016 TO 04-JAN-2019
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
05-JAN-2016
|
|
| 15 |
|
|
RELIABLE FINSTOCK SERVICES LTD.
(CIN:L65910GJ1993PLC019937)
|
|
|
|
J.M.SHAH
|
|
SUBMITTED FORGED NOCS PURPORTED TO HAVE BEEN ISSUED BY SEBI
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 04-MAR-1998 TO 04-MAR-2003
06-MAR-1998
|
|
| 16 |
|
|
SAHARA HOUSING INVESTMENT CORP.LTD.
(PAN:AAJCS4101J)
|
|
|
|
ASHOK ROY CHOUDHARY
DIN:00180901
PAN:ACKPC9547L
|
|
|
RAVI SHANKAR DUBEY
|
|
|
SUBRATA ROY SAHARA
DIN:00431905
PAN:ARKPS3189F
|
|
|
VANDANA BHARRGAVA
PAN:AIHPB8701C
|
|
DID NOT FILE DRAFT OFFER DOCUMENT WITH SEBI AS REQUIRED BEFORE RAISING MONEY FROM PUBLIC
DID NOT MENTION RISK FACTORS AND DID NOT PROVIDE ADEQUATE DISCLOSURES IN PROSPECTUS TO ENABLE INVESTORS TO TAKE WELL INFORMED DECISION
DENIED EXIT OPPORTUNITY TO INVESTORS
DID NOT LOCK-IN MINIMUM PROMOTERS CONTRIBUTION
DID NOT OBTAIN IPO GRADING FOR THE ISSUE
DID NOT OPEN AND CLOSE ISSUE WITHIN STIPULATED TIME LIMIT
DID NOT OBTAIN CREDIT RATING FROM RECOGNIZED CREDIT RATING AGENCY
DID NOT APPOINT DEBENTURE TRUSTEE
DID NOT CREATE CHARGE ON ASSETS OF COMPANY
DID NOT CREATE DEBENTURE REDEMPTION RESERVE
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 24-NOV-2010 TILL FURTHER ORDERS
RESTRAINED FROM MOBILIZING FUNDS FROM 24-NOV-2010 TILL FURTHER ORDERS
PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 24-NOV-2010 TILL FURTHER ORDERS
24-NOV-2010
|
SEBI VIDE PUBLIC NOTICE DATED 15/04/2011 INFORMED THAT HON’BLE HIGH COURT LUCKNOW ON 07/04/2011 HAS VACATED INTERIM STAY ORDER DATED 13/12/2010 PASSED AGAINST SEBI ORDER DATED 24/11/2010
SEBI VIDE ITS ORDER DATED 23/06/2011 DIRECTED THAT 1.TWO COMPANIES, SAHARA COMMODITY SERVICES CORPORATION LIMITED (EARLIER KNOWN AS SAHARA INDIA REAL ESTATE CORPORATION LIMITED)(SIRECL) AND SAHARA HOUSING INVESTMENT CORPORATION LIMITED (SHICL) AND ITS PROMOTERS, MR. SUBRATA ROY SAHARA, AND DIRECTORS OF SAID COMPANIES, MS. VANDANA BHARGAVA, MR. RAVI SHANKAR DUBEY AND MR. ASHOK ROY CHOUDHARY, JOINTLY AND SEVERALLY, SHALL FORTHWITH REFUND MONEY COLLECTED AS OPTIONALLY FULLY CONVERTIBLE DEBENTURES BY AFORESAID COMPANIES THROUGH RHP DATED MARCH 13, 2008 AND OCTOBER 6, 2009, WITH INTEREST OF 15% P.A.FROM DATE OF RECEIPT OF MONEY TILL DATE OF SUCH REPAYMENT THROUGH DD OR PAYORDER 2. SIRECL AND SHICL SHALL ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES (ONE ENGLISH AND ONE HINDI) WITH WIDE CIRCULATION, DETAILING MODALITIES FOR REFUND WITHIN 15 DAYS OF THIS ORDER 3.SIRECL AND SHICL ARE RESTRAINED FROM ACCESSING SECURITIES MARKET FOR RASING FUNDS TILL THE TIME AFORESAID PAYMENTS ARE MADE TO SATISFACTION OF SEBI 4.MR. SUBRATA ROY SAHARA, MS. VANDANA BHARGAVA, MR. RAVI SHANKAR DUBEY AND MR. ASHOK ROY CHOUDHARY ARE RESTRAINED FROM ASSOCIATING THEMSELVES, WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, TILL SUCH TIME AFORESAID PAYMENTS ARE MADE TO SATISFACTION OF SEBI
|
| 17 |
|
|
SAHARA INDIA REAL ESTATE CORP.LTD.
(CIN:U45201UP2005PLC030918
PAN:AAJCS7265F)
|
|
|
|
ASHOK ROY CHOUDHARY
DIN:00180901
PAN:ACKPC9547L
|
|
|
RAVI SHANKAR DUBEY
|
|
|
SUBRATA ROY SAHARA
DIN:00431905
PAN:ARKPS3189F
|
|
|
VANDANA BHARRGAVA
PAN:AIHPB8701C
|
|
DID NOT FILE DRAFT OFFER DOCUMENT WITH SEBI AS REQUIRED BEFORE RAISING MONEY FROM PUBLIC
DID NOT MENTION RISK FACTORS AND DID NOT PROVIDE ADEQUATE DISCLOSURES IN PROSPECTUS TO ENABLE INVESTORS TO TAKE WELL INFORMED DECISION
DENIED EXIT OPPORTUNITY TO INVESTORS
DID NOT LOCK-IN MINIMUM PROMOTERS CONTRIBUTION
DID NOT OBTAIN IPO GRADING FOR THE ISSUE
DID NOT OPEN AND CLOSE ISSUE WITHIN STIPULATED TIME LIMIT
DID NOT OBTAIN CREDIT RATING FROM RECOGNIZED CREDIT RATING AGENCY
DID NOT APPOINT DEBENTURE TRUSTEE
DID NOT CREATE CHARGE ON ASSETS OF COMPANY
DID NOT CREATE DEBENTURE REDEMPTION RESERVE
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 24-NOV-2010 TILL FURTHER ORDERS
RESTRAINED FROM MOBILIZING FUNDS FROM 24-NOV-2010 TILL FURTHER ORDERS
PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 24-NOV-2010 TILL FURTHER ORDERS
24-NOV-2010
|
SEBI VIDE PUBLIC NOTICE DATED 15/04/2011 INFORMED THAT HON’BLE HIGH COURT LUCKNOW ON 07/04/2011 HAS VACATED INTERIM STAY ORDER DATED 13/12/2010 PASSED AGAINST SEBI ORDER DATED 24/11/2010
SEBI VIDE ITS ORDER DATED 23/06/2011 DIRECTED THAT 1.TWO COMPANIES, SAHARA COMMODITY SERVICES CORPORATION LIMITED (EARLIER KNOWN AS SAHARA INDIA REAL ESTATE CORPORATION LIMITED)(SIRECL) AND SAHARA HOUSING INVESTMENT CORPORATION LIMITED (SHICL) AND ITS PROMOTERS, MR. SUBRATA ROY SAHARA, AND DIRECTORS OF SAID COMPANIES, MS. VANDANA BHARGAVA, MR. RAVI SHANKAR DUBEY AND MR. ASHOK ROY CHOUDHARY, JOINTLY AND SEVERALLY, SHALL FORTHWITH REFUND MONEY COLLECTED AS OPTIONALLY FULLY CONVERTIBLE DEBENTURES BY AFORESAID COMPANIES THROUGH RHP DATED MARCH 13, 2008 AND OCTOBER 6, 2009, WITH INTEREST OF 15% P.A.FROM DATE OF RECEIPT OF MONEY TILL DATE OF SUCH REPAYMENT THROUGH DD OR PAYORDER 2. SIRECL AND SHICL SHALL ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES (ONE ENGLISH AND ONE HINDI) WITH WIDE CIRCULATION, DETAILING MODALITIES FOR REFUND WITHIN 15 DAYS OF THIS ORDER 3.SIRECL AND SHICL ARE RESTRAINED FROM ACCESSING SECURITIES MARKET FOR RASING FUNDS TILL THE TIME AFORESAID PAYMENTS ARE MADE TO SATISFACTION OF SEBI 4.MR. SUBRATA ROY SAHARA, MS. VANDANA BHARGAVA, MR. RAVI SHANKAR DUBEY AND MR. ASHOK ROY CHOUDHARY ARE RESTRAINED FROM ASSOCIATING THEMSELVES, WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, TILL SUCH TIME AFORESAID PAYMENTS ARE MADE TO SATISFACTION OF SEBI
|
| 18 |
|
|
SEACOAST SHIPPING SERVICES LTD.
(PAN:AACCM2171R)
|
|
|
|
ANKITA SONI
PAN:DIKPS0065J
|
|
|
APURV PATEL
PAN:EJOPP6392D
|
|
|
CHERYL SHAH
PAN:AWJPS0540A
|
|
|
DEEP SHAH
PAN:DWBPS3733L
|
|
|
JAYDEEP SHAH
PAN:BSCPS4008R
|
|
|
MANISH R.SHAH
PAN:AVUPS3273N
|
|
|
PARIN SHAH
PAN:GUIPS3791C
|
|
|
PARTH A.PATEL
PAN:CBDPP9586J
|
|
|
PAWANSUT SWAMI
PAN:CCSPS3205B
|
|
|
SAMEER AMIT SHAH
PAN:FAWPS1709B
|
|
|
SHAIL SHAH
PAN:HAMPS6706J
|
|
|
SHIVANGI GAJJAR
PAN:ASRPG2005J
|
|
|
SUSHIL SANJOT
PAN:ASEPS9658L
|
|
|
VINAY KUMAR JAIN
PAN:APIPJ8654G
|
|
|
VIPUL MOMAYA
PAN:ADBPM0538M
|
|
|
VIREN MAKWANA
PAN:CJXPM6600E
|
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PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.
MADE PAYMENTS TOWARDS FICTITIOUS PURCHASES BY DIVERTING RS.43.42 CRORE FROM RIGHTS ISSUE FUNDS AND RS.10.83 CRORE FROM CASH CREDIT FACILITY AVAILED FROM INDUSIND BANK VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
DID NOT INCLUDE STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS AND MISLED SHAREHOLDERS THAT THERE WERE NO AUDIT QUALIFICATIONS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF THE SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING BUSINESS BEING CARRIED OUT AND MISLED INVESTORS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING INVESTMENT IN STARCHART AND MISLED INVESTORS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES WITH REFERENCE TO INDEPENDENCE OF MR.SUNIL SANJOT AND CONSTITUTION OF AUDIT COMMITTEE VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING AUDIT COMMITTEE MEETINGS BEING HELD IN COMPANY VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), AND 4(2)(E)(I) OF SEBI (LODR) REGULATIONS, 2015
DID NOT ADHERE TO ACCOUNTING STANDARD IND AS 1 (PRESENTATION OF FINANCIAL STATEMENTS) AND IND AS7 (STATEMENTS OF CASH FLOWS) VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF UTILIZATION OF FUNDS RAISED THROUGH PREFERENTIAL ALLOTMENT AS REQUIRED UNDER REGULATION 32(7A) OF SEBI (LODR) REGULATIONS, 2015
DID NOT INCLUDE STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS AND MISLED SHAREHOLDERS THAT THERE WERE NO AUDIT QUALIFICATIONS VIOLATING REGULATIONS 4(1)(C), 33(3)(D) AND 34(2)(A) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING BUSINESS BEING CARRIED OUT AND MISLED INVESTORS VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING INVESTMENT IN STARCHART AND MISLED INVESTORS VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
MADE WRONG DISCLOSURES OF RELATED PARTY TRANSACTIONS PARA 18 OF IND AS 24 (RELATED PARTY DISCLOSURES) VIOLATING REGULATION 34(3) READ WITH CLAUSE 1 OF PARA A OF SCHEDULE V TO SEBI (LODR) REGULATIONS, 2015
MADE WRONG DISCLOSURES OF RELATED PARTY TRANSACTIONS IND AS 24 (RELATED PARTY DISCLOSURES) VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I) AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT CONSTITUTE AUDIT COMMITTEE PROPERLY VIOLATING REGULATION 18(1)(D) READ WITH 16(1)(B) OF SEBI (LODR) REGULATIONS, 2015
MADE WRONG AND MISLEADING DISCLOSURES WITH REFERENCE TO INDEPENDENCE OF MR.SUNIL SANJOT AND CONSTITUTION OF AUDIT COMMITTEE VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
DID NOT CONVENE AUDIT COMMITTEE MEETINGS VIOLATING REGULATION 18(2) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING AUDIT COMMITTEE MEETINGS BEING HELD IN COMPANY VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
DID NOT OBTAIN PRIOR APPROVAL OF AUDIT COMMITTEE FOR RELATED PARTY TRANSACTIONS ENTERED BY COMPANY VIOLATING REGULATION 23(2) OF SEBI (LODR), 2015
DID NOT FILL VACANCY OF COMPLIANCE OFFICER VIOLATING REGULATIONS 6(1) AND 6(1A) OF SEBI (LODR) REGULATIONS, 2015
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PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 30-SEP-2024 UNTIL FURTHER ORDERS
DIRECTED TO BRING BACK MONEY PERTAINING TO RIGHTS ISSUE PROCEEDS AND CASH CREDIT FACILITY DIVERTED FROM COMPANY
DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM
DIRECTED NEW AUDIT COMMITTEES TO ENHANCE OVERSIGHT OF FINANCIAL REPORTING PROCESS AND DISCLOSURE OF ITS FINANCIAL INFORMATION AND TO ENSURE FINANCIAL STATEMENTS ARE CORRECT, SUFFICIENT AND CREDIBLE
DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT SEACOAST SHIPPING SERVICES LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015
DIRECTED BSE NOT TO APPROVE ANY RIGHTS ISSUE APPLICCATION FILE BY SEACOAST SHIPPING SERVICES LTD.
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-SEP-2024 UNTIL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-SEP-2024 UNTIL FURTHER ORDERS
30-SEP-2024
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SAT: SAT VIDE ITS ORDER DATED 06/12/2024 DISMISSED THE APPEAL WITH LIBERTY TO APPELLANTS TO RAISE ALL CONTENTIONS BEFORE THE WTM OF SEBI
SAT: SAT VIDE ITS ORDER DATED 30/04/2025 GRANTED THREE DAYS TO FILE REPLY TO MISC.APPLICATION
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| 19 |
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SHALIN RESORTS LTD.
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INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
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PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
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| 20 |
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SHREE CORP.
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INDULGED IN ALLOTMENT OF EQUITY SHARES UNDER PREFERENTIAL ISSUE WITHOUT RECEIPT OF FULL CONSIDERATION/ALLOTMENT MONEY IN MATTER OF SOMPLAST LEATHER INDUSTRIES LTD.
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PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 25-JAN-2016 TO 24-JAN-2017
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-JAN-2016 TO 24-JAN-2017
DIRECTED TO FREEZE ALL DEMAT ACCOUNTS WHEREIN EQUITY SHARES ALLOTTED UNDER PREFERENTIAL OFFER WERE LYING
RESTRAINED PREFERENTIAL ALLOTTEES FROM EXERCISING ANY VOTING RIGHTS (THROUGH NOMINEE OR PROXY) OR OTHER RIGHTS ATTACHED TO SHARES ACQUIRED AND HELD IN PREFERENTIAL ALLOTMENT
25-JAN-2016
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