| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
NITAI VIJAY
(PAN:ABFPV5668P)
|
|
|
|
CLEAN MAX ENERGY VENTURES PVT.LTD.
(PAN:AAECC5179P)
|
|
|
CLEAN MAX RENEWABLE TRUST
(PAN:AACTC5665M)
|
|
ALLEGED INVOLVEMENT IN DAY-TO-DAY OPERATIONS OF THE AIF AND THE INVESTMENT MANAGER VIOLATING REGULATION 15(1)(C) READ WITH REGULATION 20(5) & 20(1) AND CLAUSE 2(A) OF CODE OF CONDUCT OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF CLEAN MAX RENEWABLE TRUST
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.19,30,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-OCT-2024
|
|
| 22 |
|
|
NTASHA BERRY
(PAN:AWMPB3253G)
|
|
|
|
VENTURE GURUKOOL INVESTMENT TRUST
(PAN:AADTV0339A)
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 25% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY DECCAN HEALTH CARE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
31-JUL-2024
|
|
| 23 |
|
|
PARAG SUKHIJA
(PAN:DDDPS8579F)
|
|
|
|
KOTAK ALTERNATE ASSET MANAGERS LTD.
(PAN:AAACK5933H)
|
|
|
KOTAK ALTERNATE ASSETS FUND III
(PAN:AADTK5968J)
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY FOR INDIAN RAILWAY FINANCIAL CORP.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,87,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JAN-2024
|
|
| 24 |
|
|
PARVEZ KEKI UMRIGAR
(PAN:AAAPU5744M)
|
|
|
|
PIRAMAL INVESTMENT ADVISORY SERVICES PVT.LTD.
(PAN:AAHCP2291G)
|
|
ALLEGED VIOLATION OF REGULATIONS 10(D), 13, 27 (1) (D) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 AND SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 IN MATTER OF PIRAMAL INVESTMENT OPPORTUNITIES FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.76,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUN-2021
|
|
| 25 |
|
|
PRASHANT SAGWEKAR
(PAN:AVUPS1958E)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
(PAN:AAGCP3459B)
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 26 |
|
|
PRASHANT SAGWEKAR
(PAN:AVUPS1958E)
|
|
|
ALLEGED FAILURE IN MONITORING COMPLIANCE OF VARIOUS REQUIREMENTS VIOLATING REGULATIONS 10(C), 10(D), 11(2) AND 13(4) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012
ALLEGED FAILURE IN UPLOADING OF KYC DATA OF EXISTING INDIVIDUAL CLIENTS WITH CKYCR VIOLATING SEBI MASTER CIRCULAR NO.SEBI/HO/MIRSD/DOP/CIR/P/2019/113 DATED 15/10/2019 AND CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 24/06/2019
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,25,000 VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 27 |
|
|
PRAVEEN DWARAKANATH
(PAN:ANKPD7583J)
|
|
|
|
WHITESPACE ALPHA TRUST
(PAN:AAATW5453D)
|
|
|
WHITESPACE FUND LLP
(PAN:AADFW1831G)
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY FOR RELIANCE INDUSTRIES LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-FEB-2024
|
|
| 28 |
|
|
RAJEEV ASHOK PIRAMAL
(PAN:AAEPP7727R)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
(PAN:AAGCP3459B)
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 29 |
|
|
RAJESH RATANLAL LADDHA
(PAN:ABOPL3015F)
|
|
|
|
PIRAMAL INVESTMENT ADVISORY SERVICES PVT.LTD.
(PAN:AAHCP2291G)
|
|
ALLEGED VIOLATION OF REGULATIONS 10(D), 13, 27 (1) (D) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 AND SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 IN MATTER OF PIRAMAL INVESTMENT OPPORTUNITIES FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.76,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUN-2021
|
|
| 30 |
|
|
RAJGOPALAN SANTHANAM
(PAN:AADPS1429F)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 31 |
|
|
RAMASWAMY SHIVARAMAN
(PAN:BZOPS3579J)
|
|
|
|
WHITESPACE ALPHA TRUST
(PAN:AAATW5453D)
|
|
|
WHITESPACE FUND LLP
(PAN:AADFW1831G)
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY FOR RELIANCE INDUSTRIES LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-FEB-2024
|
|
| 32 |
|
|
SANDEEP NADIGADDA REDDY
(PAN:ABEPN8555E)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 33 |
|
|
SANDIP BASU
(PAN:ADCPB6003H)
|
|
|
ALLEGED VIOLATION OF REGULATION 20(1) READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT AS SPECIFIED IN FOURTH SCHEDULE OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.11,25,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
15-MAY-2024
|
|
| 34 |
|
|
SARATH CHANDRA REDDY KAKANI
(PAN:AAIPC6424A)
|
|
|
ALLEGED INVESTMENT IN MUTUAL FUNDS CATEGORIZED AS LARGE CAPITAL FUNDS
ALLEGED FAILURE IN MAKING DISCLOSURE TO INVESTORS THE LEVEL OF LEVERAGE ARISING FROM POSITION HELD IN FUTURES
ALLEGED DELAY IN OBTAINING SCORES LOGIN AND PASSWORD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.49,40,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-AUG-2023
|
SEBI VIDE ITS ORDER DATED 18/12/2023 DISPOSED OF THE APPEAL AS THE SETTLEMENT AMOUNT OF RS.49.40 LAC HAS BEEN PAID AS PER THE SETTLEMENT ORDER DATED 01/08/2023 READ WITH ADDENDUM DATED 05/12/2023
|
| 35 |
|
|
SHOBHIT MATHUR
(PAN:ANRPM0696C)
|
|
|
|
KOTAK ALTERNATE ASSET MANAGERS LTD.
(PAN:AAACK5933H)
|
|
|
KOTAK ALTERNATE ASSETS FUND III
(PAN:AADTK5968J)
|
|
ALLEGED VIOLATION OF CONCENTRATION LIMIT OF 10% OF INVESTABLE FUNDS IN A SINGLE INVESTEE COMPANY FOR INDIAN RAILWAY FINANCIAL CORP.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,87,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JAN-2024
|
|
| 36 |
|
|
SRIDHAR RENGAN
(PAN:ACZPR2381L)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
(PAN:AAGCP3459B)
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 37 |
|
|
URVI ASHOK PIRAMAL
(PAN:AAJPP8861F)
|
|
|
|
PENBROOK CAPITAL ADVISORS PVT.LTD.
(PAN:AAGCP3459B)
|
|
ALLEGED FAILURE IN CONTINUING INTEREST OF RS.5.0 CRORE IN FORM OF INVESTMENT AND EXTENSION OF TENURE OF FUND MORE THAN PERMISSIBLE PERIOD (4 YEARS + 1 YEAR) IN PRIVATE PLACEMENT MEMORANDUM VIOLATING REGULATION 7(1)(A) READ WITH SEBI CIRCULAR NO.CIR/IMD/DF/14/2014 DATED 19/06/2014
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.63,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-JAN-2022
|
|
| 38 |
|
|
VIKAS SARDA
(PAN:AQLPS9458B)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 15(1)(C) AND 20(1) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 READ WITH CLAUSES 2(A) AND 2(C) OF CODE OF CONDUCT IN MATTER OF INDIAN SCHOOL FINANCE CO.PVT.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,75,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
13-SEP-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
| |
| Page 2 of 2
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