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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

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.

COMPANIES: DIRECTED TO EXTEND NECESSARY CO–OPERATION TO FORENSIC AUDITOR/AUDIT FIRM APPOINTED AND FURNISH ALL INFORMATION/DOCUMENTS SOUGHT

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person SUNEDISON INFRASTRUCTURE LTD.  
  INDULGED IN MANIPULATION OF BOOKS OF ACCOUNTS INCLUDING AUTHENTICITY OF ITEM WISE DETAILS OF GROUPING/RE-GROUPING OF ASSETS (SEGMENT WISE AND DIVISION WISE) ASCERTAINING DETAILS OF VALUES AND CORRESPONDING LIABILITIES ETC.

MISREPRESENTED FINANCIALS AND/OR BUSINESS OPERATIONS

INDULGED IN WRONGFUL DIVERSION/SIPHONING OF FUNDS

INDULGED IN RELATED PARTY TRANSACTIONS CARRIED OUT DURING AUDIT PERIOD

INDULGED IN VALUATION OF ASSETS PROPOSED TO BE TRANSFERRED VIA SLUMP SALE AND UNDER FRAMEWORK AGREEMENT DATED 23/06/2020  		RESTRAINED FROM DISPOSING, SELLING OR ALIENATING ITS ASSETS INCLUDING EFFECTING TRANSACTIONS AGREED UPON UNDER FRAMEWORK AGREEMENT

DIRECTED BSE TO APPOINT FORENSIC AUDITOR TO EXAMINE BOOKS OF ACCOUNTS OF THE COMPANY

DIRECTED FORENSIC AUDITOR/AUDIT FIRM TO SUBMIT REPORT TO BSE WITHIN THREE MONTHS FROM DATE OF ORDER

DIRECTED TO EXTEND NECESSARY CO–OPERATION TO FORENSIC AUDITOR/AUDIT FIRM APPOINTED AND FURNISH ALL INFORMATION/DOCUMENTS SOUGHT

DIRECTED NOT TO UNDERTAKE ANY ACT IN FURTHERANCE OF FRAMEWORK AGREEMENT

DIRECTED BSE TO SUBMIT FORENSIC AUDIT REPORT (INCLUDING ALL ANNEXURES) ALONG WITH ITS RECOMMENDATION WITHIN 15 DAYS FROM DATE OF RECEIPT OF FORENSIC AUDIT REPORT

15-FEB-2021 		SEBI VIDE ITS ORDER DATED 15/07/2021 PERMITTTED FENICE AND SOUTH LAKE TO CONVERT THEIR CCPS HELD IN SILRES ENERGY INTO EQUITY SHARES AND EXERCISE FOLLOWING RIGHTS ASSOCIATED WITH IT A) INFORMATION RIGHTS – CLAUSE 5.1 OF THE FRAMEWORK AGREEMENT AND CLAUSE 10 OF THE AMENDED SSHA B) CONSENT RIGHTS – CLAUSE 5.3 AND 5.4 OF THE FRAMEWORK AGREEMENT AND C) BOARD REPRESENTATION – CLAUSE 6 OF THE AMENDED SSHA

SEBI VIDE ITS ORDER DATED 28/07/2022 REVOKED ITS INTERIM ORDER DATED 15/02/2021 AND CONFIRMATORY ORDER DATED 15/07/2021
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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