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Regulatory actions in Chronological Order

REGULATORY ACTIONS IN CHRONOLOGICAL ORDER

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

ENTITY

S.
No.

DATE OF ORDER

ENTITY

PERSON

COMPETENT AUTHORITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

19-NOV-2024

PATELS AIRTEMP (INDIA) LTD.

SEBI

ALLEGED VIOLATION OF REGULATION 30(2) READ WITH CLAUSE 4(D) OF PARA A OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015

ALLEGED VIOLATION OF REGULATION 4(1)(C) READ WITH 30(2) OF SEBI (LODR) REGULATIONS, 2015

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.28,53,180 VIDE CONSENT ORDER DATED 19-NOV-2024 )

19-NOV-2024

18-NOV-2024

AI GROWTH ADVISORS PVT.LTD.

(Associated with : ALTGRAAF,M/S)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

DIRECTED TO CEASE AND DESIST FROM OFFERING SECURITIES FOR PUBLIC SUBSCRIPTION OR FROM BEING OFFERED FOR SALE ON THEIR PLATFORMS

DIRECTED TO PRESERVE ALL RECORDS AND COMMUNICATIONS REGARDING OFFERINGS MADE AVAILABLE ON THEIR PLATFORMS FROM THEIR INCEPTION AS WELL AS ANY INVESTMENTS MADE BY THE NOTICEES OR THEIR ASSOCIATED COMPANIES IN SECURITIES

18-NOV-2024

18-NOV-2024

ALTGRAAF,M/S
(Defaulter : AI GROWTH ADVISORS PVT.LTD.)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

ALTGRAAF,M/S
(Defaulter : TEXTERITY PVT.LTD.)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

BERKELIUM TECHNOLOGIES PVT.LTD.

(Associated with : STABLE INVESTMENTS)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

EMERGING INDIA FOCUS FUNDS

SEBI

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 DATED 18-NOV-2024 )

18-NOV-2024

18-NOV-2024

JAGJANANI TEXTILES LTD.

AYUSH SINGHAL

GOPAL VYAS

RITA SINGHAL

MADHAVI VYAS

SHIV KUMAR SINGHAL

MEGHA JAIN

SEBI

DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 3(2) OF SAST REGULATIONS, 2011 IN MATTER OF JAGJANANI TEXTILES LTD.

IMPOSED PENALTY

18-NOV-2024

18-NOV-2024

JAGJANANI TEXTILES LTD.

SEBI

MADE WRONG DISCLOSURE OF CLASSIFICATION OF PROMOTER GROUP AS A PUBLIC SHAREHOLDER VIOLATING REGULATION 31(4) OF SEBI (LODR) REGULATIONS, 2015

DID NOT GIVE PRIOR INTIMATION TO STOCK EXCHANGES ABOUT MEETING OF BOARD OF DIRECTORS FOR FINANCIAL RESULTS FOR YEAR ENDED MARCH, 2017 VIOLATING REGULATION 29(1)(A) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN SUBMISSION OF STATEMENT ON PENDING INVESTOR COMPLAINS VIOLATING REGULATION 13(3) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN MAKING DISCLOSURE OF RELATED PARTY TRANSACTIONS TO STOCK EXCHANGES VIOLATING REGULATION 23(9) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN MAKING DISCLOSURE OF ANNUAL SECRETARIAL COMPLIANCE REPORT TO STOCK EXCHANGES VIOLATING REGULATION 24A OF SEBI (LODR) REGULATIONS, 2015

DELAY IN MAKING DISCLOSURE TO STOCK EXCHANGES INTIMATION OF CHANGE IN DIRECTORS VIOLATING REGULATION 30(4)(I)(B) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN SUBMISSION OF STATEMENT SHOWING HOLDING OF SECURITIES AND SHAREHOLDING PATTERN TO STOCK EXCHANGES VIOLATING REGULATION 31(1) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN SUBMISSION OF VOTING RESULTS TO STOCK EXCHANGES VIOLATING REGULATION 44(3) OF SEBI (LODR) REGULATIONS, 2015

IMPOSED PENALTY

18-NOV-2024

18-NOV-2024

JAGJANANI TEXTILES LTD.

SHIV KUMAR SINGHAL

SEBI

DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF JAGJANANI TEXTILES LTD.

IMPOSED PENALTY

18-NOV-2024

18-NOV-2024

PURPLE PETAL INVEST PVT.LTD.

(Associated with : TAP INVEST)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

STABLE INVESTMENTS
(Defaulter : BERKELIUM TECHNOLOGIES PVT.LTD.)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

TAP INVEST
(Defaulter : PURPLE PETAL INVEST PVT.LTD.)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

18-NOV-2024

TEXTERITY PVT.LTD.

(Associated with : ALTGRAAF,M/S)

SEBI

ENGAGED IN SOLICITATION AND SALE OF UNLISTED NON-CONVERTIBLE DEBENTURES (NCDS)TO RETAIL INVESTORS ON UNREGISTERED ONLINE PLATFORMS

14-NOV-2024

KHUSHI MERCHANDISE PVT.LTD.

SEBI

INDULGED IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE

IMPOSED PENALTY

14-NOV-2024

14-NOV-2024

WINWAY RESEARCH

ANKUR JAIN

SEBI

DID NOT MAINTAIN CALL RECORDINGS OF CLIENTS

DID NOT REGISTER FOR SEBI COMPLAINTS REDRESSAL SYSTEM (SCORES)

IMPOSED PENALTY

14-NOV-2024

12-NOV-2024

LCC INFOTECH LTD.

(Old Name : ARIHANT HOUSING FINANCE LTD.)

SIDHARTH LAKHOTIA

PRATIK LAKHOTIA

SEBI

IMPOSED PENALTY

12-NOV-2024

12-NOV-2024

LCC INFOTECH LTD.

(Old Name : ARIHANT HOUSING FINANCE LTD.)

RAJAT SHARMA

KAMALJIT SINGH

MAYUR P.SHAH

SEBI

DID NOT EXERCISE DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE IN APPROVING FINANCIAL STATEMENTS VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

IMPOSED PENALTY

12-NOV-2024

12-NOV-2024

LCC INFOTECH LTD.

(Old Name : ARIHANT HOUSING FINANCE LTD.)

SEBI

IMPOSED PENALTY

12-NOV-2024

12-NOV-2024

LCC INFOTECH LTD.

(Old Name : ARIHANT HOUSING FINANCE LTD.)

KIRTY LAKHOTIA

SEBI

MISREPRESENTED/ MISSTATED FINANCIALS STATEMENTS AND DID NOT ADHERE TO ACCOUNTING STANDARDS REGARDING LOANS, INVESTMENTS AND DEBTORS IN FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 4(2)(E), 33(1)(A), 33(1)(C), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

DID NOT MONITOR AND DID NOT MAKE NECESSARY ADJUSTMENTS TO GOVERNANCE FRAMEWORK TO ENSURE COMPLIANCE WITH SEBI REGULATIONS VIOLATING REGULATION 4(2)(F)(II)(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS (RPTS) REQUIRED UNDER ACCOUNTING STANDARD 24 VIOLATING REGULATION 4(2)(F)(II)(6) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

DID NOT ENSURE ACCURACY AND COMPLIANCE OF FINANCIAL REPORTING VIOLATING REGULATION 4(2)(F)(II)(7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

DID NOT OVERSEE PROPER DISCLOSURES INCLUDING RELATED PARTY TRANSACTIONS AND ACCURATE FINANCIAL STATEMENTS VIOLATING REGULATION 4(2)(F)(II)(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

DID NOT ADDRESS RED FLAGS IN FINANCIAL STATEMENTS AND RELATED PARTY TRANSACTIONS VIOLATING REGULATION 4(2)(F)(III)(7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.

IMPOSED PENALTY

12-NOV-2024

08-NOV-2024

R K GLOBAL SHARES AND SECURITIES LIMITED

(Member : NSE)

SEBI

DID NOT SETTLE CLIENT�S FUNDS AND/OR SECURITIES

DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

IMPOSED PENALTY

08-NOV-2024

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.