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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: RESTRAINED FROM ISSUING ANY FURTHER SECURITIES AND FROM ACCESSING SECURITIES MARKET

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person BRD SECURITIES LTD.

(PAN:AAACB9980B)  
  MOBILIZED RS.9.75 CRORE FROM PUBLIC THROUGH ISSUANCE OF 97,53,318 EQUITY SHARES BY WAY OF PRIVATE PLACEMENT TO 3,534 INVESTORS VIOLATING SECTIONS 56(1), 56(3) 60(1) AND 73(1) TO 73(3) READ WITH 67 OF THE COMPANIES ACT, 1956 IN MATTER OF BRD SECURITIES LTD.

MOBILIZED RS.9.75 CRORE FROM PUBLIC THROUGH ISSUANCE OF 97,53,318 EQUITY SHARES BY WAY OF PRIVATE PLACEMENT TO 3,534 INVESTORS VIOLATING CLAUSES 2.1.4, 2.1.5, 5.3.1, 2.1.1, 5.6.2, 2.2, 4.14.11, 4.14, 8.8.1, 5.6A, 8.6.1, 6.0 TO 6.33 AND 5.12 OF SEBI (DIP) GUIDELINES, 2000

MOBILIZED RS.9.75 CRORE FROM PUBLIC THROUGH ISSUANCE OF 97,53,318 EQUITY SHARES BY WAY OF PRIVATE PLACEMENT TO 3,534 INVESTORS VIOLATING REGULATIONS 4(2)(D), 4(2)(E), 5(1), (2), (5) & (7), 6(1), 7, 26(1), (2) & (6) 32(1), 36, 37, 46(1), 47(1), 49(1), 57(1), 58(1) & (2) AND 63 OF SEBI (ICDR) REGULATIONS 2009 READ WITH SEBI (ICDR) REGULATIONS, 2018  		DIRECTED TO REFUND MONEY COLLECTED THROUGH ALLOTMENT OF SHARES ALONGWITH INTEREST @15% PER ANNUM FROM DATE OF RECEIPT OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

DIRECTED TO FILE CERTIFICATE OF COMPLETION OF PROCESS WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS

RESTRAINED FROM ISSUING ANY FURTHER SECURITIES AND FROM ACCESSING SECURITIES MARKET

25-MAY-2021 		SAT: SAT VIDE ITS ORDER DATED 20/07/2021 DISPOSED OFF URGENCY APPLICATION. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 30/09/2021 ALLOWED APPELLANT THREE WEEKS TIME TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 25/05/2021
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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