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.

PERSONS: REFERRED THE MATTER TO "INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA" FOR NECESSARY ACTIONS

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

DUSHYANT NATWARLAL DALAL

FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS

DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS

REFERRED THE MATTER TO "INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA" FOR NECESSARY ACTIONS

DIRECTED TO ATTACH BANK ACCOUNTS

DIRECTED TO DISGORGE

CONFIRMED ORDER DATED 27/04/2006. AS RASILA NATWARLAL THAKORDAS AND NATWARLAL THAKORDAS EXPIRED, THEIR DEMAT A/C JOINTLY WITH DUSHYANT NATWARLAL DALAL WOULD FROZEN TILL THE PASSING OF FINAL ORDER

DIRECTED A) NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITES MARKET DIRECTLY OR INDIRECTLY FOR A PERIOD OF 45 DAYS FROM DATE OF ORDER I.E. 21/07/2009 B) TO DISGORGE UNLAWFUL GAIN OF RS. 4.05 CRORE ALONGWITH RS.1.95 CRORE BEING SIMPLE INTEREST AT THE RATE OF 12% PER ANNUM FOR 4 YEARS (2005-09) ON UNLAWFUL GAIN OF RS.4.05 CRORE WITHIN 45 DAYS FROM DATE OF THIS ORDER C) IN CASE AFORESAID AMOUNT IS NOT PAID WITHIN SPECIFIED TIME, SHALL BE RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY, FOR A FURTHER PERIOD OF SEVEN YEARS, WITHOUT PREJUDICE TO SEBI�S RIGHT TO ENFORCE DISGORGEMENT

SAT: APPEAL FAILED AND DISMISSED. NO ORDER AS TO COSTS

SAT: APPEAL BECOME INFRUCTUOUS AND DISPOSED OFF ACCORDINGLY. NO COSTS

SEBI VITED ITS ORDER DATED 07/11/2013 HAS ATTACHED VARIOUS BANK ACCOUNTS OF THE DEFAULTERS AND PURSUANT TO THIS A SUM OF RS.10,82,287.00 HAS BEEN RECOVERED. RECOVERY OF THE BALANCE DUES FROM THE OTHER BANK ACCOUNTS OF THE DEFAULTERS IS IN PROGRESS

SAT: SAT VIDE ITS ORDER DATED 17/01/2014 DIRECTED TO ATTACH JOINT DEMAT ACCOUNT NO.40333429 AND IN LIEU THEREOF ATTACHMENT LEVIED ON OTHER BANK ACCOUNTS OF APPELLANTS SHALL STAND RAISED FORTHWITH. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 29/04/2014 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 21/03/2014. NO COSTS

SEBI VIDE ITS ORDER DATED 27/06/2014 DISPOSED OFF THE REPRESENTATION DATED 12/02/2014. REQUEST MADE FOR VACATING THE RESTRAINT IMPOSED FOR NON-COMPLIANCE WITH DISGORGEMENT ORDER WITHIN STIPULATED TIME, CANNOT BE ACCEDED TO. OTHER SUBMISSIONS HAVE ALSO BEEN CONSIDERED AND OBSERVATIONS MADE ACCORDINGLY

SEBI VIDE ITS NOTICE DATED 25/09/2013 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

SEBI VIDE ITS ORDER DATED 17/12/2013 DIRECTED ICICI BANK TO RELEASE TO 1/3RD OF BALANCE I.E., RS.1,779 TO MS.YUTI D.DALAL ON HER REQUEST, HOWEVER, THE BANK MAY NOTE THAT NO DEBIT SHALL BE PERMITTED IN THE SAID ACCOUNT UNTIL FURTHER ORDERS FROM RECOVERY OFFICER AS THE SAID ACCOUNT IS JOINTLY HELD WITH THE DEFAULTERS

SEBI VIDE ITS ORDER DATED 23/01/2014 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS AND DEMAT ACCOUNTS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 18/10/2013

SAT: SAT VIDE ITS ORDER DATED 06/09/2016 DISPOSED OF THE APPEAL AS INFRUCTUOUS AS APPELLANTS HAVE ALREADY UNDERGO THE DEBARMENT AND NOTHING SERVIVED IN THE APPEAL. APPEAL DISPOSED OFF AS INFRUCTUOUS. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 10/03/2017 DISMISSED THE APPEAL. AFTER THE JUDGEMENT WAS PRONOUNCED COUNSEL FOR THE APPELALANT AND RESPONDANTS SOUGHT STAY OF THIS DECISION. ACCORDINGLY DECISION WAS STAYED FOR A PERIOD OF 6 WEEKS FROM THE DATE OF THIS ORDER

SAT: APPELLANTS SEEK EXTENSION OF STAY GRANTED BY THIS TRIBUNAL ON 10/03/2017 IN APPEAL NO.41 OF 2014 FOR SUCH PERIOD AS THIS TRIBUNAL DEEMS FIT AND APPROPRIATE. APPEAL NO128 DISPOSED OFF ACCORDINGLY, NO COSTS

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

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

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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 ADSUPDATED TILL : 21-NOV-2024

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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