| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
RELIGARE ENTERPRISES LTD.
(PAN:AAACV5888N)
|
|
|
INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.
MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
DIRECTED TO INITIATE STEPS TO RECALL ALL THE LOANS OF RS.2315.09 CRORES (APPROX.) EITHER DIRECTRLY OR INDIRECTLY ALONG WITH DUE INTEREST WITHIN THREE MONTHS FROM THE DATE OF THIS ORDER
14-MAR-2019
|
SEBI VIDE ITS ORDER DATED 11/09/2019 CONFIRMED THE DIRECTIONS ISSUED VIDE INTERIM ORDER SUBJECT TO MODIFICATIONS 1 . DIRECTED TO CONTINUE WITH STEPS TO RECALL THE LOANS OF RS.2065.09 CRORES (APPROX.) EXTENDED, EITHER DIRECTLY OR INDIRECTLY TO NOTICEE NOS. 5 TO 17 AND 19 TO 25 (VIZ. PLATINUM INFRASTRUCTURE PVT.LTD., AD ADVERTISING PVT.LTD., ARTIFICE PROPERTIES PVT. LTD., BEST HEALTH MANAGEMENT PVT.LTD., DEVERA DEVELOPERS PVT.LTD., VITOBA REALTORS PVT.LTD., FERN HEALTHCARE PVT.LTD., MODLAND WEARS PVT.LTD., ROSESTAR MARKETING PVT.LTD., STAR ARTWORKS PVT.LTD., TRIPOLI INVESTMENT & TRADING CO., VOLGA MANAGEMENT & CONSULTANCY PVT.LTD., ZOLTON PROPERTIES PVT.LTD., RHC HOLDING PVT.LTD., RANCHEM PVT.LTD., ANR SECURITIES, SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH AND MR.SHIVINDER MOHAN SINGH), ALONG WITH DUE INTEREST
|
| 2 |
|
|
RELIGARE FINVEST LTD.
(PAN:AAFCS6801H)
|
|
|
INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.
MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
DIRECTED TO INITIATE STEPS TO RECALL ALL THE LOANS OF RS.2315.09 CRORES (APPROX.) EITHER DIRECTRLY OR INDIRECTLY ALONG WITH DUE INTEREST WITHIN THREE MONTHS FROM THE DATE OF THIS ORDER
14-MAR-2019
|
SEBI VIDE ITS ORDER DATED 11/09/2019 CONFIRMED THE DIRECTIONS ISSUED VIDE INTERIM ORDER SUBJECT TO MODIFICATIONS 1 . DIRECTED TO CONTINUE WITH STEPS TO RECALL THE LOANS OF RS.2065.09 CRORES (APPROX.) EXTENDED, EITHER DIRECTLY OR INDIRECTLY TO NOTICEE NOS. 5 TO 17 AND 19 TO 25 (VIZ. PLATINUM INFRASTRUCTURE PVT.LTD., AD ADVERTISING PVT.LTD., ARTIFICE PROPERTIES PVT. LTD., BEST HEALTH MANAGEMENT PVT.LTD., DEVERA DEVELOPERS PVT.LTD., VITOBA REALTORS PVT.LTD., FERN HEALTHCARE PVT.LTD., MODLAND WEARS PVT.LTD., ROSESTAR MARKETING PVT.LTD., STAR ARTWORKS PVT.LTD., TRIPOLI INVESTMENT & TRADING CO., VOLGA MANAGEMENT & CONSULTANCY PVT.LTD., ZOLTON PROPERTIES PVT.LTD., RHC HOLDING PVT.LTD., RANCHEM PVT.LTD., ANR SECURITIES, SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH AND MR.SHIVINDER MOHAN SINGH), ALONG WITH DUE INTEREST
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
