| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 241 |
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
INDULGED IN ISSUANCE OF GDRS FRAUDULENTLY AND EXECUTED PLEDGE AGREEMENT ON BEHALF OF VIKASH VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF VIKASH METAL & POWER LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-SEP-2021 TO 28-SEP-2031
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-SEP-2021 TO 28-SEP-2031
RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 29-SEP-2021 TO 28-SEP-2031
DIRECTED TO DISGORGE RS.4,93,85,831 ALONG WITH OTHER ENTITIES/PERSONS
29-SEP-2021
|
SEBI VIDE ITS NOTICE DATED 11/06/2024 DIRECTED TO PAY RS.12,39,60,789.33 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 09/08/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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
|
| 242 |
|
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
|
TELEDATA TECHNOLOGY SOLUTIONS LTD.
PAN:AACCT5488Q
|
|
INDULGED IN FRAUDULENT SCHEME WITHOUT PAYING REAL CONSIDERATION TO TRANSFERRED AND RECEIVED GDRS VIOLATING SECTIONS 12A(A) OF SEBI ACT. 1992 AND REGULATIONS 3(B) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TELEDATA TECHNOLOGY SOLUTIONS LTD.
|
IMPOSED PENALTY RS.20,00,000
31-MAY-2022
|
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 16/06/2022 AND MATTER REMITTED TO AO TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 31/07/2023 RE-IMPOSED PENALTY OF RS.20 LAC U/S 15HA OF SEBI ACT, 1992
SEBI VIDE ITS NOTICE DATED 05/12/2023 DIRECTED TO PAY RS.21,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 07/02/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 21/08/2024 DIRECTED TO A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CREATING CHARGE IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER ANY DISPOSAL, TRANSFER, ALIENATION OR CREATING CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, WITHIN ONE WEEK FROM DATE OF THIS ORDER DULY CERTIFIED COPIES OF ALL THE TITLE DEEDS, VALUATION REPORTS OF ALL THE PROPERTIES HLED BY DEFAULTER WITHIN TWO WEEKS FROM DATE OF THIS ORDER D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF MAHARASHTRA AND THE CONCERNED SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
SAT: SAT VIDE ITS ORDER DATED 27/01/2025 DISMISSED THE APPEAL AS INFRUCTUOUS. GRANTED APPELLANT EIGHT WEEKS TO DEPOSIT PENALTY AMOUNT WITH SEBI
|
| 243 |
|
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
INDULGED IN FRAUDULENT ARRANGEMENT TO SUBSCRIPTION OF GDR ISSUE VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF GDR ISSUE OF ZENITH STEEL PIPES & INDUSTRIES LTD. (ERSTWHILE ZENITH BIRLA (INDIA) LTD.)
|
IMPOSED PENALTY RS.20,00,000
16-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 CONDONED THE DELAY OF 139 DAYS IN FILING OF APPEAL. ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 16/06/2022 AND MATTER REMITTED TO AO TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 26/07/2023 RE-IMPOSED PENALTY OF RS.20 LAC U/S 15HA OF SEBI ACT, 1992
SEBI VIDE ITS NOTICE DATED 06/12/2023 DIRECTED TO PAY RS.21,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 07/02/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 21/08/2024 DIRECTED TO A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CREATING CHARGE IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER ANY DISPOSAL, TRANSFER, ALIENATION OR CREATING CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, WITHIN ONE WEEK FROM DATE OF THIS ORDER DULY CERTIFIED COPIES OF ALL THE TITLE DEEDS, VALUATION REPORTS OF ALL THE PROPERTIES HLED BY DEFAULTER WITHIN TWO WEEKS FROM DATE OF THIS ORDER D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF MAHARASHTRA AND THE CONCERNED SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
|
| 244 |
|
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
INDULGED IN ISSUANCE OF GDRS FRAUDULENTLY AND EXECUTED PLEDGE AGREEMENT ON BEHALF OF EDSERV VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF GDR ISSUE OF EDSERV SOFTSYSTEMS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 14-OCT-2021 TO 13-OCT-2031
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-OCT-2021 TO 13-OCT-2031
RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 14-OCT-2021 TO 13-OCT-2031
14-OCT-2021
|
|
| 245 |
|
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
INDULGED IN ISSUANCE OF GDRS FRAUDULENTLY AND EXECUTED PLEDGE AGREEMENT ON BEHALF OF EDSERV VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF GDR ISSUE OF EDSERV SOFTSYSTEMS LTD.
|
IMPOSED PENALTY RS.20,00,000
31-MAY-2022
|
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 16/06/2022 AND MATTER REMITTED TO AO TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 26/07/2023 MODIFIED ITS ORDER DATED 31/05/2022 PENALTY AMOUNT ENHANCED TO RS.20 LAC FROM RS.10 LAC U/S 15HA OF SEBI ACT, 1992
SEBI VIDE ITS NOTICE DATED 06/12/2023 DIRECTED TO PAY RS.21,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 07/02/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 21/08/2024 DIRECTED TO A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CREATING CHARGE IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER ANY DISPOSAL, TRANSFER, ALIENATION OR CREATING CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, WITHIN ONE WEEK FROM DATE OF THIS ORDER DULY CERTIFIED COPIES OF ALL THE TITLE DEEDS, VALUATION REPORTS OF ALL THE PROPERTIES HLED BY DEFAULTER WITHIN TWO WEEKS FROM DATE OF THIS ORDER D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF MAHARASHTRA AND THE CONCERNED SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
SAT: SAT VIDE ITS ORDER DATED 27/01/2025 DISMISSED THE APPEAL AS INFRUCTUOUS. GRANTED APPELLANT EIGHT WEEKS TO DEPOSIT PENALTY AMOUNT WITH SEBI
|
| 246 |
|
|
ARUN RAMSWAROOP PANCHARIYA
(PAN:AEVPP6125N)
|
|
|
|
RAINBOW PAPERS LTD.
CIN:L21010GJ1986PLC008772
PAN:AAACR5415K
|
|
INDULGED IN ISSUANCE OF GDRS FRAUDULENTLY AND EXECUTED PLEDGE AGREEMENT ON BEHALF OF RAINBOW PAPERS LTD. VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RAINBOW PAPERS LTD.
|
IMPOSED PENALTY RS.20,00,000
27-MAY-2022
|
SAT: SAT VIDE ITS ORDER DATED 02/11/2022 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO FILED ON OR BEFORE THE NEXT DATE
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 11/01/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 16/06/2022 AND MATTER REMITTED TO AO TO PASS FRESH ORDER
SEBI VIDE ITS ORDER DATED 27/07/2023 RE-IMPOSED PENALTY OF RS.20 LAC U/S 15HA OF SEBI ACT, 1992
SEBI VIDE ITS NOTICE DATED 05/12/2023 DIRECTED TO PAY RS.21,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 10/11/2023 CONDONED THE DELAY IN FILING OF REPLY AND REPLY IS TAKEN ON RECORD
SAT: SAT VIDE ITS ORDER DATED 28/11/2023 REJECTED STAY APPLICATION AND ALLOWED EXEMPTION APPLICATION
SEBI VIDE ITS ORDER DATED 07/02/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 21/08/2024 DIRECTED TO A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CREATING CHARGE IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER ANY DISPOSAL, TRANSFER, ALIENATION OR CREATING CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, WITHIN ONE WEEK FROM DATE OF THIS ORDER DULY CERTIFIED COPIES OF ALL THE TITLE DEEDS, VALUATION REPORTS OF ALL THE PROPERTIES HLED BY DEFAULTER WITHIN TWO WEEKS FROM DATE OF THIS ORDER D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF MAHARASHTRA AND THE CONCERNED SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
SAT: SAT VIDE ITS ORDER DATED 26/09/2024 GRANTED APPELLANT TO FILE REJOINDER
|
| 247 |
|
|
ARUN SOOD
(PAN:AAJPS3837J)
|
|
|
|
AKSH OPTIFIBRE LTD.
CIN:L24305RJ1986PLC016132
PAN:AAACA0062F
|
|
INDULGED IN APPROVAL OF BOARD RESOLUTION SUBMITTED TO EURAM BANK VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF AKSH OPTIFIBRE LTD.
|
PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 28-JUN-2019 TO 27-DEC-2019
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
28-JUN-2019
|
SEBI VIDE ITS ORDER DATED 02/07/2019 ALLOWED MR.ARUN SOOD TO CLOSE/SQURE OFF OPEN POSITIONS IN F&O SEGMENT, HELD AS ON THE DATE THE FINAL ORDER, ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 28/06/2019, WHICHEVER IS EARLIER, WITHOUT ANY FURTHER ROLLOVER
SAT: SAT VIDE ITS ORDER DATED 20/04/2021 MATTER ADJOURNED FOR PERIOD OF SIX WEEKS TO 29/06/2021
|
| 248 |
|
|
ARUN SOOD
(PAN:AAJPS3837J)
|
|
|
|
AKSH OPTIFIBRE LTD.
CIN:L24305RJ1986PLC016132
PAN:AAACA0062F
|
|
INDULGED IN APPROVAL OF BOARD RESOLUTION SUBMITTED TO EURAM BANK VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF AKSH OPTIFIBRE LTD.
|
IMPOSED PENALTY RS.2,00,000
28-FEB-2020
|
SAT: SAT VIDE ITS ORDER DATED 24/12/2020 ALLOWED THREE WEEKS TIME TO RESPONDENT TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 20/04/2021 MATTER ADJOURNED FOR PERIOD OF SIX WEEKS TO 29/06/2021
SAT: SAT VIDE ITS ORDER DATED 27/06/2022 PARTLY ALLOWED THE APPEALS BY REDUCING PENALTY AMOUNT TO RS.2 LAC FROM RS.10 LAC
SEBI VIDE ITS ORDER DATED 22/09/2022 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.3158 OF 2020 DATED 19/11/2020
|
| 249 |
|
|
ARUNA DOSHI
(PAN:AABPD7458G)
|
|
|
SUBSCRIBED TO UNITS OF SCHEMES BEFORE CHANGE IN VALUATION OF DEFAULTED SECURITIES BASED ON UNPUBLISHED INFORMATION VIOLATING SECTION 12A(E) OF SECBI ACT, 1992 READ WITH REGULATIONS 3(A), 4(1) AND 4(2)(Q) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF JM FINANCIAL MUTUAL FUND
DID NOT COMMUNICATE TO INVESTORS REGARDING IMPENDING SALE OF DEFAULTED
SECURITIES VIOLATING CLAUSE E(3)(D) OF SEBI CIRCULAR DATED 17/11/2016 IN MATTER OF JM FINANCIAL MUTUAL FUND
|
IMPOSED PENALTY RS.9,00,000
31-JUL-2024
|
|
| 250 |
|
|
ARUNA RAJESHKUMAR WADHAWAN
(PAN:AAHPW9334L)
|
|
|
|
WADHAWAN CONSOLIDATED HOLDINGS PVT.LTD.
PAN:AACCD2944F
|
|
|
WADHAWAN GLOBAL CAPITAL LTD.
PAN:AAACW9811G
|
|
|
WADHAWAN HOLDINGS PVT.LTD.
CIN:U74999MH2002PTC135601
PAN:AAACW5001G
|
|
|
WADHAWAN RETAIL VENTURES PVT.LTD.
PAN:AAACW6632R
|
|
INDULGED IN MANIPULATION/FALSIFICATION IN BOOKS OF ACCOUNTS VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO (D), 4(1) & 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-SEP-2020 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-SEP-2020 TILL FURTHER ORDERS
RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 20-SEP-2020 TILL FURTHER ORDERS
22-SEP-2020
|
SEBI VIDE ITS ORDER DATED 22/10/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 22/09/2020
SEBI VIDE ITS ORDER DATED 10/03/2023 VACATED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 22/09/2020 READ WITH CONFIRMATORY ORDER DATED 22/10/2021
|
| 251 |
|
|
ARVIND BABULAL GOYAL
(DIN:03146099
PAN:ACIPG0193J)
|
|
|
INDULGED IN OPENING OF 26 DEMAT ACCOUNTS IN THE NAME OF 26 NON-EXISTING AND BOGUS ENTITIES AND SOLD THE SHARES FRAUDULENTLY OR TRANSFERRED OFF-MARKET VIOLATING SECTIONS 12A(B) AND (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A), 3(C), 3(D), 4(1) AND 4(2)(H) OF SEBI (PFUTP) REGULATIONS, 2003
INDULGED IN OPERATING TRADING CUM DEMAT ACCOUNTS AND FACILITATED FRAUDULENT SALE OF SHARES IN MARKET VIOLATING SECTIONS 12A(B) AND (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A), 3(C), 3(D), 4(1) AND 4(2)(H) OF SEBI (PFUTP) REGULATIONS, 2003
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 16-MAR-2021 TO 15-FEB-2023
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 16-MAR-2021 TO 15-FEB-2023
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 16-MAR-2021 TO 15-FEB-2023
DIRECTED TO DISGORGE RS.2,22,91,899
16-MAR-2021
|
SAT: SAT VIDE ITS ORDER DATED 17/05/2021 ALLOWED APPELLANT THREE WEEKS FURTHER TIME TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 10/08/2021 ALLOWED APPELLANTS THREE WEEKS TIME TO FILE REJOINDER TO THE AMENDMENT APPLICATION
SAT: SAT VIDE ITS ORDER DATED 10/01/2022 CONDONED THE DELAY IN FILING OF APPEAL. RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER MAY BE FILED WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 23/03/2022 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY TO THE MEMO OF APPEAL AS WELL AS TO ADDITIONAL AFFIDAVIT AND APPELLANT TO FILE REJOINDER WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 30/06/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 02/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/09/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 09/01/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 23/03/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE THE NEXT DATE
SAT: SAT VIDE ITS ORDER DATED 19/07/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED APPELLANT TO DEPOSIT THE AMOUNT PURSUANT TO IMPUGNED ORDER. RESPONDENT TO FILE DOCUMENTS WITHIN TWO WEEKS AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 12/03/2024 DIRECTED SEBI TO PROVIDE RESPONDENT FOUR WEEKS TO FILE REPLY TO REVIEW APPLICATION AND APPLICANT TO FILE REJOINDER WITHIN THREE WEEKS AND APPLICANT TO FILE REJOINDER WITHIN THREE WEEKS.
SAT: SAT VIDE ITS ORDER DATED 18/10/2024 GRANTED APPELLANT THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 28/11/2025 DIRECTED APPELLANT AND HIS WIFE TO FILE SEPARATE AFFIDAVITS WITHIN ONE WEEK STATING THAT SYMBOLIC POSSESSION OF THE PROPERTY HAS BEEN SURRENDERED, DELIVERED TO SEBI AND DECLARE THEIR PRESENT LIABILITY OVER THE PROPERTY IN THEIR AFFIDAVITS AND UNDERTAKE NOT TO ENCUMBER THE PROPERTY IN ANY MANNER AND CO-OPERATE WITH SEBI OFFICIALS FOR THE PURPOSE OF INSPECTION AND INVENTORY TO BE CONDUCTED WITH ADVANCE NOTICE
|
| 252 |
|
|
ARVIND BABULAL GOYAL
(DIN:03146099
PAN:ACIPG0193J)
|
|
|
ACTED AS OPERATORS, ENGAGED INTO A PRACTICE WHICH OPERATED AS FRAUD OR DECEIT UPON GULLIBLE INVESTORS IN CONNECTION WITH DEALING IN SECURITIES VIOLATING SEBI (PFUTP) REIORS GULATIONS, 2003 IN MATTER OF GLOBAL SECURITIES LTD.
|
IMPOSED PENALTY RS.5,00,000
31-MAY-2022
|
SEBI VIDE ITS NOTICE DATED 10/08/2022 DIRECTED TO PAY RS.5,16,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 17/10/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 22/11/2022 DIRECTED ALL THE BANKS TO REMIT RS.5,31,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.ARVIND BABULAL GOYAL TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 08/11/2023 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 17/10/2022
SEBI VIDE ITS ORDER DATED 08/11/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.5310 OF 2022 DATED 10/08/2022
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ARVIND BABULAL GOYAL
(DIN:03146099
PAN:ACIPG0193J)
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INDULGED IN FRAUDULENT TRANSACTIONS AND DEMATERIALIZATION OF SHARES OF DORMANT ACCOUNTS USING FORGED DOCUMENTS
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IMPOSED PENALTY RS.1,00,00,000
28-SEP-2022
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SAT: SAT VIDE ITS ORDER DATED 09/01/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 24/04/2023 ALLOWED RESPONDENT FURTHER TEN DAYS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN A WEEK THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 19/05/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 19/07/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 01/08/2023 DIRECTED TO PAY RS.1,12,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 01/09/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 NOTICE DATED 04/10/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,14,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SAT: SAT VIDE ITS ORDER DATED 08/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED APPELLANT TO DEPOSIT THE AMOUNT PURSUANT TO IMPUGNED ORDER. RESPONDENT TO FILE DOCUMENTS WITHIN TWO WEEKS AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
SEBI VIDE ITS ORDER DATED 16/07/2024 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE MOVABLE AND IMMOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTER AND CHARGES, IF ANY, WITHIN ONE WEEK FROM DATE OF THIS ORDER, MUMBAI D) CERTIFIED COPIES OF ALL THE TITLE DEEDS, VALUATION REPORTS OF ALL THE PROPERTIES HLED BY DEFAULTER WITHIN TWO WEEKS FROM THE DATE OF THIS ORDER E) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF MAHARASHTRA AND THE CONCERNED SUB-REGISTRAR OF THE AREA WHERE THE PROPERTIES ARE LOCATED F) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTER, IF PRESENTED FOR REGISTRATION
SAT: SAT VIDE ITS ORDER DATED 28/11/2025 DIRECTED APPELLANT AND HIS WIFE TO FILE SEPARATE AFFIDAVITS WITHIN ONE WEEK STATING THAT SYMBOLIC POSSESSION OF THE PROPERTY HAS BEEN SURRENDERED, DELIVERED TO SEBI AND DECLARE THEIR PRESENT LIABILITY OVER THE PROPERTY IN THEIR AFFIDAVITS AND UNDERTAKE NOT TO ENCUMBER THE PROPERTY IN ANY MANNER AND CO-OPERATE WITH SEBI OFFICIALS FOR THE PURPOSE OF INSPECTION AND INVENTORY TO BE CONDUCTED WITH ADVANCE NOTICE
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| 254 |
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ARVIND KUMAR BABHUTMALJI SHAH
(DIN:01063744
PAN:AAVPS8498K)
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ARVIND REMEDIES LTD.
CIN:L24231TN1988PLC015882
PAN:AACCA7407Q
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POSTED INFLATED FIGURES OF SALES AND PURCHASES OF GOODS
ADOPTED DUBIOUS AND INCONSISTENT PRACTICES IN DRAWING UP ACCOUNTS
EMPLOYED DEVICES TO DEFRAUD THE INVESTORS
WRONGFULLY EARNED RS.8.11 CRORES AS COMMISSION ON NON-EXISTENT SALES
PUBLISHED FALSE & MANIPULATED FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARVIND REMEDIES LTD.
AIDED AND ABETTED PROMOTERS AND PROMOTER CONNECTED ENTITIES IN OFF-LOADING OF SHARES IN FRAUDULENT MANNER VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
DID NOT MAKE DISCLOSURE OF CREATION AND INVOCATION OF PLEDGE OF SHARES TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 31(1) AND 31(2) READ WITH 31(3) OF SAST REGULATIONS, 2011 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF IN MATTER OF ARVIND REMEDIES LTD.
TRADED WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTIONS 12A(D) TO 12A(E) OF SEBI ACT, 1992 AND REGULATIONS 3(I) AND 4 OF SEBI (PIT) REGULATIONS, 1992 READ WITH REGULATION 12 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 13(4A) READ WITH 13(5) OF SEBI (PIT) REGULATIONS, 1992 READ WITH REGULATION 12 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF ARVIND REMEDIES LTD.
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 16-FEB-2017 TO 15-FEB-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 16-FEB-2017 TO 15-FEB-2025
PERMITTED BSE AND NSE TO ALLOW SQUARE OFF EXISTING OPEN POSITIONS IN FUTURES & OPTIONS SEGMENT, IF ANY, IMMEDIATELY AND DIRECTED CONCERNED STOCK EXCHANGES TO ENSURE THAT NO FRESH POSITIONS ARE CREATED
RESTRAINED FROM HOLDING ANY MANAGERIAL POSITION IN ANY LISTED COMPANY FROM 16-FEB-2017 TO 15-FEB-2025
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY
DIRECTED TO DISGORGE RS.39,09,89,120
DIRECTED BANKS THAT NO DEBIT SHALL BE MADE WITHOUT PERMISSION OF SEBI EXCEPT FOR THE PURPOSE OF TRANSFER OF FUNDS TO ESCROW ACCOUNT
DIRECTED DEPOSITORIES THAT NO DEBIT TO BE MADE WITHOUT PERMISSION OF SEBI
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF ITS ASSETS/PROPERTIES/SECURITIES TILL SUCH TIME THE AMOUNT OF RS.8.11 CRORES CREDITED TO ESCROW ACCOUNT
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 16-FEB-2017 TO 15-FEB-2025
DIRECTED TO REMIT DISGORGED AMOUNT TO INVESTOR PROTECTION & EDUCATION FUND (IPEF)
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
16-FEB-2017
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SEBI VIDE ITS ORFER DATED 24/08/2022 DIRECTED TO A) RESTRAINED FROM ACCESSING THE SECURITIES MARKET, AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES DIRECTLY OR INDIRECTLY, AND ASSOCIATING WITH SECURITIES MARKET IN ANY MANNER FOR A PERIOD OF EIGHT YEARS B) DURING PERIOD OF RESTRAINT, EXISTING HOLDING OF SECURITIES INCLUDING UNITS OF MUTUAL FUNDS TO REMAIN FROZEN C) RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI, OR ASSOCIATING THEMSELVES WITH ANY LISTED PUBLIC COMPANY OR A PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FOR A PERIOD OF EIGHT YEARS D) DIRECTED TO DISGORGE THE AMOUNT OF WRONGFUL GAINS RS.39,09,89,120.00 ALONG WITH INTEREST @8% P.A. FROM JUNE, 2016 TILL THE DATE OF ACTUAL PAYMENT. IN ADDITION TO DISGORGE THE AMOUNT OF INR 4.7 CRORE FOR WRONGFULLY EARNED MANAGERIAL COMMISSION ON MANIPULATED SALES OF ARVIND REMEDIES LTD., ALONG WITH INTEREST @ 8% P.A. FROM 16/02/2017 TILL THE DATE OF ACTUAL PAYMENT E) DISGORGEMENT AMOUNTS ALONG WITH INTEREST SHALL BE PAID THROUGH BY WAY OF DEMAND DRAFT IN FAVOUR OF “SEBI–INVESTOR PROTECTION AND EDUCATION FUND” F) NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, WHETHER MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS INCLUDING MONEY LYING IN BANK ACCOUNTS EXCEPT WITH PRIOR PERMISSION OF SEBI. FOR PURPOSE OF REFUND G) NO DEBITS ARE MADE IN THE BANK ACCOUNTS HELD JOINTLY OR SEVERALLY H) PROVIDE UPDATED LIST OF INVENTORY OF ALL ASSETS WHETHER MOVABLE OR IMMOVABLE OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS INCLUDING DETAILS OF BANK ACCOUNTS, DEMAT ACCOUNTS AND MUTUAL FUND INVESTMENTS AS ON THE DATE OF THIS ORDER
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| 255 |
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ARVIND KUMAR BABHUTMALJI SHAH
(DIN:01063744
PAN:AAVPS8498K)
|
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|
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ARVIND REMEDIES LTD.
CIN:L24231TN1988PLC015882
PAN:AACCA7407Q
|
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PUBLISHED FALSE & MANIPULATED FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARVIND REMEDIES LTD.
AIDED AND ABETTED PROMOTERS AND PROMOTER CONNECTED ENTITIES IN OFF-LOADING OF SHARES IN FRAUDULENT MANNER VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
DID NOT MAKE DISCLOSURE OF CREATION AND INVOCATION OF PLEDGE OF SHARES TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 31(1) AND 31(2) READ WITH 31(3) OF SAST REGULATIONS, 2011 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 29(2) READ WITH 29(3) OF SAST REGULATIONS, 2011 IN MATTER OF IN MATTER OF ARVIND REMEDIES LTD.
TRADED WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTIONS 12A(D) TO 12A(E) OF SEBI ACT, 1992 AND REGULATIONS 3(I) AND 4 OF SEBI (PIT) REGULATIONS, 1992 READ WITH REGULATION 12 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF ARVIND REMEDIES LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES AS REQUIRED UNDER REGULATIONS 13(4A) READ WITH 13(5) OF SEBI (PIT) REGULATIONS, 1992 READ WITH REGULATION 12 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF ARVIND REMEDIES LTD.
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IMPOSED PENALTY RS.1,00,00,000
24-AUG-2022
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SAT: SAT VIDE ITS ORDER DATED 14/01/2025 GRANTED TWO DAYS TO FILE IMPUGNED ORDER
|
| 256 |
|
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ARVIND KUMAR SARAF
(PAN:AJVPS2259K)
|
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ARCOTECH LTD.
PAN:AAACS2437G
|
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INDULGED IN DIVERSION OF FUNDS FOR BENEFIT OF PROMOTER GROUP COMPANY VIOLATING REGULATIONS 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARCOTECH LTD.
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RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 27-FEB-2026 TO 26-AUG-2026
IMPOSED PENALTY RS.7,00,000
27-FEB-2026
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SAT: SAT VIDE ITS ORDER DATED 17/07/2026 CONDONED THE DELAY OF 53 DAYS IN FILING OF APPEAL. ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER AND STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT:SAT VIDE ITS ORDER DATED 04/09/2026 CONDONED THE DELAY OF 116 DAYS IN FILING OF APPEAL AND STAYED OF PRAYER CLAUSE 7(II) SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 04/09/2026 CONDONED THE DELAY OF 116 DAYS IN FILING OF APPEAL AND ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
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| 257 |
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ARVIND KUMAR SOMANY
(PAN:ACBPS8983M)
|
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SOMA TEXTILES & INDUSTRIES LTD.
PAN:AADCS0405R
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PARTICIPATED IN THE BOARD MEETING OF SOMA WHERE APPROVALS WERE MADE AMONG OTHERS, AUTHORIZING BANCO TO USE GDR PROCEEDS AS SECURITY IN CONNECTION WITH THE LOAN AND THE SAME WAS ACTED UPON BY SOMA VIOLATING SECTION 12A (A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SOMA TEXTILES & INDUSTRIES LTD.
AUTHORISED OPENING OF BANK ACCOUNT WITH BANCO FOR THE PURPOSES OF RECEIVING SUBSCRIPTION MONEY IN RESPECT OF GDR ISSUE AND ALSO AUTHORIZED BANK TO USE THE FUNDS DEPOSITED AS SECURITY IN CONNECTION WITH THE LOANS VIOLATING SECTION 12A (A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SOMA TEXTILES & INDUSTRIES LTD.
AUTHORIZED MR.SUNIL PATEL TO SIGN, EXECUTE, ANY APPLICATION, AGREEMENT, ESCROW AGREEMENT, DOCUMENT, UNDERTAKING, CONFIRMATION, DECLARATION ETC REQUIRED BY BANK IN MATTER OF ISSUANCE OF GDR VIOLATING SECTION 12A (A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SOMA TEXTILES & INDUSTRIES LTD.
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RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 08-FEB-2021 TO 07-FEB-2023
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
08-FEB-2021
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SAT: SAT VIDE ITS ORDER DATED 09/07/2021 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SEBI VIDE ITS ORDER DATED 02/11/2021 DIRECTED DEPOSITORIES,MUTUAL FUNDS AND RTAS TO DEFREEZE THE DEMAT ACCOUNTS AND MUTUAL FUNDS HELD BY THEM JOINTLY WITH MR.A.K.SOMANY
SAT: SAT VIDE ITS ORDER DATED 08/11/2021 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 29/11/2022 CONDONED THE DELAY IN FILING OF APPEAL AND RESPONDENT TO FILE REPLY WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 13/12/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/02/2023 DISMISSED THE APPEAL
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| 258 |
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ARVIND KUMAR SOMANY
(PAN:ACBPS8983M)
|
|
|
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SOMA TEXTILES & INDUSTRIES LTD.
PAN:AADCS0405R
|
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INDULGED IN FACILITATING SUBSCRIPTION OF GDRS AMOUNTING TO USD 15.67 MN. BY WHITEVIEW TRADING CORP.THROUGH FINANCE OBTAINED FROM BANCO EFISA, LISBON FOR SUBSCRIPTION OF GDR AND ISSUER COMPANY (SOMA TEXTILES & INDUSTRIES LTD.) AND PLEDGED GDR WITH BANCO BANK VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SOMA TEXTILES & INDUSTRIES LTD.
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IMPOSED PENALTY RS.5,00,000
30-AUG-2022
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SAT: SAT VIDE ITS ORDER DATED 22/02/2023 DISMISSED THE APPEAL
|
| 259 |
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ARVIND NANDAGOPAL
(PAN:AAFPA6259G)
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BINNY LTD.
PAN:AAACB2529G
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INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF BINNY LTD.
INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2), (6), (7), 4(2)(F)(III)(1), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
DID NOT OBTAIN NECESSARY APPROVAL WITH RESPECT TO RELATED PARTY TRANSACTIONS FROM SHAREHOLDERS AND AUDIT COMMITTEE VIOLATING CLAUSE 49(VII)(E) OF ERSTWHILE LISTING AGREEMENT READ WITH REGULATIONS 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 23(2), 23(4) AND 23(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
CERTIFIED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING CLAUSES 49(V) AND 49(IX) (SEBI CIRCULARS DATED 29/10/2004 AND 17/04/2014) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF BINNY LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II AND REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BINNY LTD.
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2024 TO 30-JUL-2027
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2024 TO 30-JUL-2027
RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 31-JUL-2024 TO 30-JUL-2027
IMPOSED PENALTY RS.6,00,00,000
31-JUL-2024
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SEBI VIDE ITS NOTICE DATED 07/11/2024 DIRECTED TO PAY RS.6,30,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 12/11/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 NOTICE DATED 19/11/2024 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK/POST OFFICE ACCOUNTS OF THE DEFAULTER WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 12/11/2024
SAT: SAT VIDE ITS ORDER DATED 19/11/2024 CONDONED THE DELAY OF 7 DAYS IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 26/11/2024 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND FILE REJOINDER THREE WEEKS THEREAFTER. MODIFIED DIRECTION AT PARAGRAPH NO.320(B) OF THE IMPUGNED ORDER AND PERMITTED NOTICEE NO.2 TO TRANSFER HIS SHARES IN FAVOUR OF HIS SON AND STAYED DIRECTION AT PARAGRAPH NO.320(D) OF THE IMPUGNED ORDER SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 07/01/2025 CONDONED THE DELAY OF TWO DAYS IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/01/2025 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/02/2025 GRANTED RESPONDENT A WEEK’S TO FILE AFFIDAVIT STATING THE RESULT OF VERIFICATION OF TITLE DOCUMENTS SUBMITTED BY THE APPELLANT
SAT: SAT VIDE ITS ORDER DATED 18/03/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/07/2025 APPELLANT TO FILE STATUS REPORT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
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| 260 |
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ARVIND PODDAR
(PAN:AODPA6026K)
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KING POWER INDUSTRIES PVT.LTD.
PAN:AADCK9238Q
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INDULGED IN DIVERSION OF IPO PROCEEDS VIOLATING SECTION 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF SHILPI CABLE TECHNOLOGIES LTD.
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IMPOSED PENALTY RS.2,00,000
28-MAR-2023
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SEBI VIDE ITS NOTICE DATED 27/06/2023 DIRECTED TO PAY RS.2,09,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 05/05/2026 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS, MUTUAL FUNDS FOLIOS AND/OR POST OFFICE ACCOUNT 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 NOTICE DATED 10/06/2026 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.2,81,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 27/07/2026 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 05/05/2026
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