| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
RAJESH CHAWATHE
(PAN:AACPC8615R)
|
|
|
ALLEGED FAILURE IN REPORTING OF NON-COMPLIANCES WITH REFERENCE TO VALUATION OF SECURITY AND DID NOT REPORT THE SAME TO BOARD VIOLATING REGULATION 18(4D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF BANK OF INDIA INVESTMENT MANAGERS PVT.LTD. (PREVIOUSLY: BOI AXA INVESTMENT MANAGERS PVT.LTD.)
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.39,00,000 VIDE CONSENT ORDER)
28-DEC-2022
|
|
| 22 |
|
|
RAJESH IYER
(PAN:AAAPI4641K)
|
|
|
ALLEGED EXECUTION OF CERTAIN ISTS FROM OPEN ENDED TO CLOSED ENDED SCHEMES AND VICE VERSA WITHOUT RECORDING CORRECT RATIONALE OR BASED ON SUPPORTING RESEARCH REPORT AMONG OTHERSVIOLATINGREGULATION 25(6A), AND CLAUSES (4), (6), (8) AND (9) OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF PGIM INDIA MUTUL FUND
ALLEGED VIOLATIONOF CIRCULAR NO.MFD/CIR/6/73/2000 DATED 27/07/2000
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.16,57,500 VIDE CONSENT ORDER)
24-AUG-2023
|
|
| 23 |
|
|
SANDEEP DASGUPTA
(PAN:ADTPD1196J)
|
|
|
ALLEGED FAILURE IN ENSURING THE AMC COMPLIED WITH ALL THE PROVISIONS OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND DID NOT ENSURE THAT INVESTMENTS MADE BY FUND MANAGER WERE IN INTEREST OF UNIT HOLDERS VIOLATING REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF BANK OF INDIA INVESTMENT MANAGERS PVT.LTD. (PREVIOUSLY: BOI AXA INVESTMENT MANAGERS PVT.LTD.)
ALLEGED FAILURE WHILE IN POSSESSION OF UNPUBLISHED MATERIAL INFORMATION ABOUT VALUATION OF DEFAULT SECURITIES AND WITHDREW ENTIRE INVESTMENT FROM FUND TO ADVANTAGE VIOLATING REGULATIONS 3(A), 4(1) AND 4(2)(Q) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BANK OF INDIA INVESTMENT MANAGERS PVT.LTD. (PREVIOUSLY: BOI AXA INVESTMENT MANAGERS PVT.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.93,60,000 VIDE CONSENT ORDER)
28-DEC-2022
|
|
| 24 |
|
|
SHOBHIT MEHROTRA
(PAN:AAAPM0737E)
|
|
|
|
HDFC ASSET MANAGEMENT CO.LTD.
(PAN:AAACH7614L)
|
|
ALLEGED VIOLATION OF REGULATIONS 25(6B), 33(4) AND 39(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF REGULATIONS 25(6B) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF CLAUSES 6 AND 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,20,46,420 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-APR-2020
|
|
| 25 |
|
|
SHRIRAM RAMANATHAN
|
|
|
|
L&T INVESTMENT MANAGEMENT LTD.
|
|
ALLEGED FAILURE TO ENSURE THAT FUNDS OF SCHEMES WERE INVESTED TO ACHIEVE THE OBJECTIVES OF THE SCHEMES AND IN THE INTEREST OF UNIT HOLDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.14,62,500 VIDE CONSENT ORDER)
17-FEB-2023
|
|
| 26 |
|
|
SUMIRAN BANSAL
(PAN:ADKPB6803F)
|
|
|
|
IIFCL ASSET MANAGEMENT CO.LTD.
(PAN:AACCI9090F)
|
|
ALLEGED FAILURE IN MAINTENANCE OF VALUATION REPORT OF INVESTMENT IN GVR INFRA PVT.LTD.
ALLEGED FAILURE IN MAKING PROVISIONS RELATING TO INVESTMENT AND VALUATION MANUAL IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DISCREPANCY IN END USE OF PROCEEDS IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN CHARGING ADDITIONAL COUPON DESPITE RATING DOWNGRADE IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN KEEPING RECORD TO ENSURE HOW EVENT OF DEFAULT MONITORED AND HOW ANY DEFAULT WITH OTHER LENDERS IDENTIFIED TIMELY IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DEVIATION IN TIME ALLOWED FOR DEBT SERVICE RESERVE ACCOUNT (DSRA) THROUGH INTERNAL NOTE WITHOUT GETTING DEVIATION APPROVED FROM AMC BOARD IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED NOC SIGNED BY CIO THOUGH CEO WAS AUTHORIZED IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE TO ENSURE SECURITY CREATION IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO FULFILL DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO OBTAIN NOC OR PARI-PASSU LETTERS FROM ALL EXISTING LENDERSIN THE MATTER OF D.P.JAIN & CO.
ALLEGED SHORTFALL IN PLEDGE OF SHARES BY THE COMPANY AND SHORTFALL IN HYPOTHECATION OF TWO GROUP COMPANIES IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST FOR CONDITIONS DEFINED AS “EVENT OF DEFAULT” IN DEBENTURE TRUST AGREEMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED DELAY IN PLEDGE OF SHARES HELD BY PROMOTERS IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST OF 0.25% OVER COUPON RATE FOR DELAY IN SECURITY CREATION WITH RESPECT TO INVESTMENT IN FEEDBACK INFRA PVT.LTD.
ALLEGED FAILURE IN PLEDGING OF EQUITY SHARES OF FEEDBACK HIGHWAYS OMT PVT.LTD. AND ALL INVESTMENTS INCLUDING IN IL&FS, PENDING DEPLOYMENT OF FUNDS, CONTRARY TO PPMS (PRIVATE PLACEMENT MEMORANDUMS) OF THE SCHEMES
ALLEGED FAILURE IN MAINTENANCE OF DOCUMENT CONFIRMING PORTFOLIO REVIEWED BY INVESTMENT RECOMMENDATION COMMITTEE (IRC)
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,02,37,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-APR-2024
|
|
| 27 |
|
|
T.C.NAIR
(PAN:AAXPN7403R)
|
|
|
ALLEGED FAILURE TO HAVE APPROPRIATE CONTROLS IN PLACE TO PREVENT USE OF FUNDS OF ONE SCHEME BY ANOTHER SCHEME OF MUTUAL FUND VIOLATING THE PROVISIONS OF REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN THE MATTER OF HSBC MUTUAL FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.23,92,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAY-2024
|
|
| 28 |
|
|
VIKAS GARG
|
|
|
|
L&T INVESTMENT MANAGEMENT LTD.
|
|
ALLEGED FAILURE TO ENSURE THAT FUNDS OF SCHEMES WERE INVESTED TO ACHIEVE THE OBJECTIVES OF THE SCHEMES AND IN THE INTEREST OF UNIT HOLDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.14,62,500 VIDE CONSENT ORDER)
17-FEB-2023
|
|
| 29 |
|
|
WAQAR NAQVI
(PAN:ABYPN8115G)
|
|
|
ALLEGED FAILURE IN HAVING ANY POLICIES AND PROCEDURES TO DEAL WITH EXCEPTIONAL EVENTS WHERE MARKET QUOTATIONS ARE NO LONGER RELIABLE FOR PARTICULAR SECURITY VIOLATING CLAUSE (C) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN REVIEWING VALUATION POLICY VIOLATING CLAUSE (D) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN HAVING ANY POLICY TO ADDRESS CONFLICT OF INTEREST VIOLATING CLAUSE (E) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN DETECTING AND PREVENT INCORRECT VALUATION VIOLATING CLAUSE (H) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED INDULGENCE IN DECLARATION OF INCORRECT NAV VIOLATING CLAUSE (G) OF EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN ENSURING STAMPING MACHINE NOT TO BE TEMPERED WITH DATE AND TIME VIOLATING SEBI CIRCULAR DATED 11/10/2006 READ WITH REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 30 |
|
|
YEZDI KHARIWALA
(PAN:AACPK8707E)
|
|
|
|
HDFC ASSET MANAGEMENT CO.LTD.
(PAN:AAACH7614L)
|
|
ALLEGED VIOLATION OF REGULATIONS 18(4)(D), 33(4) AND 39(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF REGULATIONS 2(B), 18(4)(D), 31 AND 33(4) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,20,46,420 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-APR-2020
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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