| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.BALASUBRAMANIAN
|
|
|
|
BIRLA SUN LIFE ASSET MANAGEMENT CO.LTD.
|
|
|
BIRLA SUN LIFE MUTUAL FUND
|
|
DID NOT ADHERE TO ALL PROVISIONS OF THE DIRECTIVES/INSTRUCTIONS/GUIDELINES, CIRCULARS IN MATTER OF ADVERTISEMENT THROUGH NEWSPAPERS AND HOARDINGS AS REQUIRED UNDER REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
20-FEB-2010
|
|
| 2 |
|
|
ABHISHEK BISEN
(PAN:AFXPB5221Q)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AND CARE TO APPROVAL NOTE BY INVESTMENT COMMITTEE FOR INVESTMENT IN ZEE/ESSEL GROUP COMPANIES AND DID NOT ENSURE THAT FUNDS OF FIXED MATURITY PLANS INVESTED TO ACHIEVE OBJECTIVES OF FIXED MATURITY PLANS AND IN INTEREST OF UNIT HOLDERS WITH HIGH STANDARDS OF SERVICE AND DUE DILIGENCE REQUIRED VIOLATING REGULATIONS 25(6B) AND 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND CLAUSES 6 AND 9 OF CODE OF CONDUCT IN FIFTH SCHEDULE OF (MUTUAL FUNDS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.15,00,000
30-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 24/08/2022 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER WITHIN THREE WEEKS THEREAFTER. DIRECTED RESPONDENT THAT NO RECOVERY TO BE MADE DURING PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
|
| 3 |
|
|
ABHISHEK GUPTA
(PAN:AIUPG8215F)
|
|
|
ALLEGED FAILURE TO ENSURE THAT FUNDS OF SCHEMES WERE INVESTED TO ACHIEVE THE OBJECTIVES OF THE SCHEME VIOLATING REGULATIONS 25(6B) (A) OF MUTUAL FUNDS REGULATIONS AND PARA I(3) READ WITH ANNEXURE A(8) OF SEBI CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2017/114 DATED 06/10/2017 AND PARA B(3)(1(A)) OF SEBI CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/92 DATED 05/06/2018
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.19,50,000 VIDE CONSENT ORDER)
22-OCT-2024
|
|
| 4 |
|
|
AJIT MENON
(PAN:ABXPM9862C)
|
|
|
DID NOT ADHERE TO PROVISIONS OF MUTUAL FUND REGULATIONS WHILE EXECUTING INTER SCHEME TRANSFER (ISTS) BETWEEN OPEN AND CLOSE-ENDED SCHEMES OF PGIM MUTUAL FUND, CERTAIN LOW-QUALITY SECURITIES WERE TRANSFERRED FROM CLOSE-ENDED SCHEMES TO OPEN-ENDED SCHEMES VIOLATING REGULATION 25(6A) OF MUTUAL FUND REGULATIONS AND CLAUSES (4), (6), (8) AND (9) OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND CIRCULAR NO.MFD/CIR/6/73/2000 DATED 27/07/2000
|
IMPOSED PENALTY RS.5,00,000
30-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 22/08/2022 GRANTED FOUR WEEKS TO FILE AFFIDAVIT IN REPLY FROM DATE OF THIS ORDER AND AFFIDAVIT IN REJOINDER IF ANY, WITHIN TWO WEEKS. THE EFFECT AND OPERATION OF IMPUGNED ORDER SHALL REMAIN STAYED INSOFAR AS IT RELATES TO APPELLANT SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/11/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER. INTERIM RELIEF, IF ANY EXTENDED TILL NEXT DATE OF HEARING
|
| 5 |
|
|
AMARJEET SINGH
(PAN:ATMPS3562J)
|
|
|
ALLEGED INDULGENCE IN DECLARATION OF INCORRECT NAV VIOLATING CLAUSE (G) OF EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 6 |
|
|
ANIL BAMBOLI
(PAN:AABPB0026A)
|
|
|
|
HDFC ASSET MANAGEMENT CO.LTD.
PAN:AAACH7614L
|
|
ALLEGED VIOLATION OF REGULATIONS 25(6B) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF REGULATIONS 2(B), 25(6B), 31 AND 33(4) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF CLAUSES 6 AND 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,20,46,420 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-APR-2020
|
|
| 7 |
|
|
ANIL KUMAR TANEJA
(PAN:AABPT8297M)
|
|
|
|
IIFCL ASSET MANAGEMENT CO.LTD.
PAN:AACCI9090F
|
|
ALLEGED FAILURE IN MAINTENANCE OF VALUATION REPORT OF INVESTMENT IN GVR INFRA PVT.LTD.
ALLEGED FAILURE IN MAKING PROVISIONS RELATING TO INVESTMENT AND VALUATION MANUAL IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DISCREPANCY IN END USE OF PROCEEDS IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN CHARGING ADDITIONAL COUPON DESPITE RATING DOWNGRADE IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN KEEPING RECORD TO ENSURE HOW EVENT OF DEFAULT MONITORED AND HOW ANY DEFAULT WITH OTHER LENDERS IDENTIFIED TIMELY IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DEVIATION IN TIME ALLOWED FOR DEBT SERVICE RESERVE ACCOUNT (DSRA) THROUGH INTERNAL NOTE WITHOUT GETTING DEVIATION APPROVED FROM AMC BOARD IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED NOC SIGNED BY CIO THOUGH CEO WAS AUTHORIZED IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE TO ENSURE SECURITY CREATION IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO FULFILL DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO OBTAIN NOC OR PARI-PASSU LETTERS FROM ALL EXISTING LENDERSIN THE MATTER OF D.P.JAIN & CO.
ALLEGED SHORTFALL IN PLEDGE OF SHARES BY THE COMPANY AND SHORTFALL IN HYPOTHECATION OF TWO GROUP COMPANIES IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST FOR CONDITIONS DEFINED AS “EVENT OF DEFAULT” IN DEBENTURE TRUST AGREEMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED DELAY IN PLEDGE OF SHARES HELD BY PROMOTERS IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST OF 0.25% OVER COUPON RATE FOR DELAY IN SECURITY CREATION WITH RESPECT TO INVESTMENT IN FEEDBACK INFRA PVT.LTD.
ALLEGED FAILURE IN PLEDGING OF EQUITY SHARES OF FEEDBACK HIGHWAYS OMT PVT.LTD. AND ALL INVESTMENTS INCLUDING IN IL&FS, PENDING DEPLOYMENT OF FUNDS, CONTRARY TO PPMS (PRIVATE PLACEMENT MEMORANDUMS) OF THE SCHEMES
ALLEGED FAILURE IN MAINTENANCE OF DOCUMENT CONFIRMING PORTFOLIO REVIEWED BY INVESTMENT RECOMMENDATION COMMITTEE (IRC)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,02,37,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-APR-2024
|
|
| 8 |
|
|
ANU SURI
(PAN:CPYPS0173M)
|
|
|
ALLEGED FAILURE IN HAVING ANY POLICIES AND PROCEDURES TO DEAL WITH EXCEPTIONAL EVENTS WHERE MARKET QUOTATIONS ARE NO LONGER RELIABLE FOR PARTICULAR SECURITY VIOLATING CLAUSE (C) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN REVIEWING VALUATION POLICY VIOLATING CLAUSE (D) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN HAVING ANY POLICY TO ADDRESS CONFLICT OF INTEREST VIOLATING CLAUSE (E) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN DETECTING AND PREVENT INCORRECT VALUATION VIOLATING CLAUSE (H) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN ENSURING STAMPING MACHINE NOT TO BE TEMPERED WITH DATE AND TIME VIOLATING SEBI CIRCULAR DATED 11/10/2006 READ WITH REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 9 |
|
|
ARCHIT SHAH
(PAN:BLIPS6237B)
|
|
|
ALLEGED INDULGENCE IN DECLARATION OF INCORRECT NAV VIOLATING CLAUSE (G) OF EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 10 |
|
|
CHANDRESH KUMAR NIGAM
(PAN:AAEPC3462A)
|
|
|
|
AXIS ASSET MANAGEMENT CO.LTD.
PAN:AAHCA5892J
|
|
ALLEGED FAILURE TO ENSURE ADEQUATE AND EFFECTIVE CONTROL ENVIRONMENT VIOLATING SEBI (MUTUAL FUND) REGULATIONS, 1996 AND CIRCULARS ISSUED BY SEBI IN MATTER OF AXIS ASSET MANAGEMENT CO.LTD.
ALLEGED FAILURE IN HAVING ADEQUATE SYSTEMS IN PLACE TO ENSURE THAT THE CODE OF CONDUCT FOR DEALERS OR FUND MANAGERS BOTH ADHERE IN LETTER AND SPIRIT VIOLATING REGULATIONS 25(6A)(A) AND 25(6A)(B) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AXIS ASSET MANAGEMENT CO.LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,27,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
24-MAR-2025
|
|
| 11 |
|
|
DARSHAN KAPADIA
(PAN:ANGPK8906N)
|
|
|
|
AXIS ASSET MANAGEMENT CO.LTD.
PAN:AAHCA5892J
|
|
ALLEGED FAILURE IN MONITORING COMPLIANCE OF MUTUAL FUND REGULATIONS AND VARIOUS CIRCULARS VIOLATING REGULATION 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AXIS ASSET MANAGEMENT CO.LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,27,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
24-MAR-2025
|
|
| 12 |
|
|
DEEPAK AGARWAL
(PAN:ACUPA5795J)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AND CARE TO APPROVAL NOTE BY INVESTMENT COMMITTEE FOR INVESTMENT IN ZEE/ESSEL GROUP COMPANIES AND DID NOT ENSURE THAT FUNDS OF FIXED MATURITY PLANS INVESTED TO ACHIEVE OBJECTIVES OF FIXED MATURITY PLANS AND IN INTEREST OF UNIT HOLDERS WITH HIGH STANDARDS OF SERVICE AND DUE DILIGENCE REQUIRED VIOLATING REGULATIONS 25(6B) AND 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND CLAUSES 6 AND 9 OF CODE OF CONDUCT IN FIFTH SCHEDULE OF (MUTUAL FUNDS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.20,00,000
30-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 24/08/2022 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER WITHIN THREE WEEKS THEREAFTER. DIRECTED RESPONDENT THAT NO RECOVERY TO BE MADE DURING PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
|
| 13 |
|
|
DHEERAJ SINGH
(PAN:AAMPS0196F)
|
|
|
ALLEGED INDULGENCE IN DECLARATION OF INCORRECT NAV VIOLATING CLAUSE (G) OF EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 14 |
|
|
EMANDI SANKARA RAO
(PAN:ABRPR1696R)
|
|
|
|
IIFCL ASSET MANAGEMENT CO.LTD.
PAN:AACCI9090F
|
|
ALLEGED FAILURE IN MAINTENANCE OF VALUATION REPORT OF INVESTMENT IN GVR INFRA PVT.LTD.
ALLEGED FAILURE IN MAKING PROVISIONS RELATING TO INVESTMENT AND VALUATION MANUAL IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DISCREPANCY IN END USE OF PROCEEDS IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN CHARGING ADDITIONAL COUPON DESPITE RATING DOWNGRADE IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN KEEPING RECORD TO ENSURE HOW EVENT OF DEFAULT MONITORED AND HOW ANY DEFAULT WITH OTHER LENDERS IDENTIFIED TIMELY IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DEVIATION IN TIME ALLOWED FOR DEBT SERVICE RESERVE ACCOUNT (DSRA) THROUGH INTERNAL NOTE WITHOUT GETTING DEVIATION APPROVED FROM AMC BOARD IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED NOC SIGNED BY CIO THOUGH CEO WAS AUTHORIZED IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE TO ENSURE SECURITY CREATION IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO FULFILL DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO OBTAIN NOC OR PARI-PASSU LETTERS FROM ALL EXISTING LENDERSIN THE MATTER OF D.P.JAIN & CO.
ALLEGED SHORTFALL IN PLEDGE OF SHARES BY THE COMPANY AND SHORTFALL IN HYPOTHECATION OF TWO GROUP COMPANIES IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST FOR CONDITIONS DEFINED AS “EVENT OF DEFAULT” IN DEBENTURE TRUST AGREEMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED DELAY IN PLEDGE OF SHARES HELD BY PROMOTERS IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST OF 0.25% OVER COUPON RATE FOR DELAY IN SECURITY CREATION WITH RESPECT TO INVESTMENT IN FEEDBACK INFRA PVT.LTD.
ALLEGED FAILURE IN PLEDGING OF EQUITY SHARES OF FEEDBACK HIGHWAYS OMT PVT.LTD. AND ALL INVESTMENTS INCLUDING IN IL&FS, PENDING DEPLOYMENT OF FUNDS, CONTRARY TO PPMS (PRIVATE PLACEMENT MEMORANDUMS) OF THE SCHEMES
ALLEGED FAILURE IN MAINTENANCE OF DOCUMENT CONFIRMING PORTFOLIO REVIEWED BY INVESTMENT RECOMMENDATION COMMITTEE (IRC)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,02,37,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-APR-2024
|
|
| 15 |
|
|
G.PRADEEPKUMAR
|
|
|
|
UNION KBC ASSET MANAGEMENT CO.PVT.LTD.
|
|
ALLEGED VIOLATION OF REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF UNION KBC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.13,60,000 VIDE CONSENT ORDER)
31-OCT-2018
|
|
| 16 |
|
|
GAURANG SHAH
(PAN:AAFPS3900A)
|
|
|
DID NOT EXERCISE DUE DILIGENCE AND CARE TO APPROVAL NOTE BY INVESTMENT COMMITTEE FOR INVESTMENT IN ZEE/ESSEL GROUP COMPANIES AND DID NOT ENSURE THAT FUNDS OF FIXED MATURITY PLANS INVESTED TO ACHIEVE OBJECTIVES OF FIXED MATURITY PLANS AND IN INTEREST OF UNIT HOLDERS WITH HIGH STANDARDS OF SERVICE AND DUE DILIGENCE REQUIRED VIOLATING REGULATIONS 25(6B) AND 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND CLAUSES 6 AND 9 OF CODE OF CONDUCT IN FIFTH SCHEDULE OF (MUTUAL FUNDS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.20,00,000
30-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 24/08/2022 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER WITHIN THREE WEEKS THEREAFTER. DIRECTED RESPONDENT THAT NO RECOVERY TO BE MADE DURING PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
|
| 17 |
|
|
HO WAI FUN
|
|
|
ALLEGED FAILURE TO HAVE APPROPRIATE CONTROLS IN PLACE TO PREVENT USE OF FUNDS OF ONE SCHEME BY ANOTHER SCHEME OF MUTUAL FUND VIOLATING THE PROVISIONS OF REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN THE MATTER OF HSBC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.23,92,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAY-2024
|
|
| 18 |
|
|
JALPAN SHAH
|
|
|
|
L&T INVESTMENT MANAGEMENT LTD.
|
|
ALLEGED FAILURE TO ENSURE THAT FUNDS OF SCHEMES WERE INVESTED TO ACHIEVE THE OBJECTIVES OF THE SCHEMES AND IN THE INTEREST OF UNIT HOLDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.14,62,500 VIDE CONSENT ORDER)
17-FEB-2023
|
|
| 19 |
|
|
JASMINE BATLIWALA
(PAN:AFQPB7499K)
|
|
|
ALLEGED FAILURE TO HAVE APPROPRIATE CONTROLS IN PLACE TO PREVENT USE OF FUNDS OF ONE SCHEME BY ANOTHER SCHEME OF MUTUAL FUND VIOLATING THE PROVISIONS OF REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN THE MATTER OF HSBC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.23,92,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAY-2024
|
|
| 20 |
|
|
JINESH GOPANI
(PAN:ACEPG7242C)
|
|
|
|
AXIS ASSET MANAGEMENT CO.LTD.
PAN:AAHCA5892J
|
|
ALLEGED INDULGENCE IN PASSING INFORMATION/ADVISE/INDUCE TO BUY/SELL SECURITIES WHICH WERE BEING BOUGHT AND/OR SOLD BY MUTUAL FUND, WITH AMC IS THE INVESTMENT MANAGER VIOLATING PARA 6.6.2.2 OF SEBI MASTER CIRCULAR FOR MUTUAL FUNDS DATED 19/05/2023 IN MATTER OF AXIS ASSET MANAGEMENT CO.LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,27,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
24-MAR-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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