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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.

MUTUAL FUNDS: DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
History of entity/person FACTORIAL MASTER FUND  
  TOOK UNUSUAL AND AGGRESSIVE SHORT POSITION IN F&O SEGMENT AHEAD OF OFFER FOR SALE WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTION 12A (D) AND (E) OF SEBI ACT AND REGULATION 3(I) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF L&T FINANCE HOLDINGS LTD.

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF L&T FINANCE HOLDINGS LTD. 
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-JUN-2014 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JUN-2014 TILL FURTHER ORDERS

05-JUN-2014
SEBI VIDE ITS ORDER DATED 16/10/2014 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 05/06/2014

SAT: SAT VIDE ITS ORDER DATED 08/05/2015 DIRECTED 1. SEBI TO COMPLETE INVESTIGATION WITHIN A PERIOD OF TWO MONTHS 2. IF ON COMPLETION OF SUCH INVESTIGATION SEBI DEEMS IT FIT TO PROCEED FURTHER IN THE MATTER, THEN SEBI SHALL ISSUE SHOW NOTICE AND PASS APPROPRIATE ORDER 3. IF SEBI FAILS TO ISSUE SHOW CAUSE NOTICE WITHIN TWO MONTHS FROM DATE OF THIS ORDER AND IF ISSUED, FAILS TO PASS AN ORDER WITHIN A PERIOD OF ONE MONTH FROM DATE OF ISSUING SHOW CAUSE NOTICE, THEN IMPUGNED CONFIRMATORY ORDER DATED 16/10/2014 SHALL COME TO AN END AND APPELLANT WOULD BE ENTITLED TO ACCESS THE INDIAN SECURITIES MARKET. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 08/07/2015 REITERARATED THAT SINCE SEBI HAS FAILED TO ISSUE SHOW CAUSE NOTICE WITHIN THE TIME STIPULATED IN ORDER DATED 08/05/2015, BOTH EX-PARTE AD-INTERIM ORDER DATED 05/06/2014 AND CONFIRMATORY ORDER DATED 16/10/2014 HAVE COME TO AN END AND CONSEQUENTLY APPELLANT WOULD BE ENTITLED TO ACCESS INDIAN SECURITIES MARKET IN ACCORDANCE WITH LAW
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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