| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 301 |
|
KARAN ADANI
(PAN:AIQPA6627F)
(Along with : B.RAVI)
|
|
|
|
ADANI PORTS & SPECIAL ECONOMIC ZONE LTD.
|
|
ALLEGED VIOLATION OF SCRA ACT, 1956, SEBI ACT, 1992 AND SEBI (LODR) REGULATIONS, 2015 IN RESPECT OF BANKING TRANSACTIONS AND INTER-CORPORATE SECURITY DEPOSITS BETWEEN PMC PROJECTS (INDIA) PVT.LTD. AND ADANI PORTS & SPECIAL ECONOMIC ZONE LTD. AND ITS SUBSIDIARIES IN MATTER OF PMC PROJECTS (INDIA) PVT.LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.13,65,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
10-SEP-2026
|
|
| 302 |
|
|
KASHI NATH ISHAR
(PAN:AASPI2273F)
|
|
|
|
TRINITY TRADELINK LTD.
CIN:L11103MH1985PLC035826
PAN:AAFCS8117C
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(1)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF TRINITY TRADELINK LTD.
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF TRINITY TRADELINK LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF TRINITY TRADELINK LTD.
|
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 29-JUN-2022 TO 28-DEC-2022
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.4,00,000
29-JUN-2022
|
SEBI VIDE ITS NOTICE DATED 03/12/2024 DIRECTED TO PAY RS.5,25,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 17/03/2025 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
|
| 303 |
|
|
KASHMIRA DOSHI
(PAN:ADNPD3334N)
|
|
|
|
KORE DIGITAL PVT.LTD.
PAN:AADCK9543J
|
|
DID NOT PERFORM DUTIES AND RESPONSIBILITIES AS KEY MANAGERIAL PERSONNELS VIOLATING SECTION 27 OF SEBI ACT, 1992 AND REGULATIONS 4(1)(C), 4(1)(E), 4(1)(G),4(1)(H), 4(1)(J) AND 4(2)(E)(I) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KORE DIGITAL LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET INCLUDING BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 17-SEP-2026 UNTIL FURTHER ORDERS
RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES OF KORE DIGITAL LTD., EITHER DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 17-SEP-2026 UNTIL FURTHER ORDERS
DIRECTED TO CO-OPERATE WITH SEBI IN INVESTIGATION BY FURNISHING ALL RELEVANT INFORMATION
DIRECTED SEBI TO APPOINT FORENSIC AUDITOR TO EXAMINE BOOKS OF ACCOUNTS
17-SEP-2026
|
|
| 304 |
|
|
KESHAV BALJEE
(PAN:AKYPB2322A)
|
|
|
|
ROYAL ORCHID HOTELS LTD.
PAN:AABCR0111M
|
|
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ROYAL ORCHID HOTELS LTD.
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 33(1)(A), 33(1)(C), 33(3)(B), 34(2)(B), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2003 IN MATTER OF ROYAL ORCHID HOTELS LTD.
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6), 4(2)(F)(II)(7), 4(2)(F)(III)(7) OF SEBI (LODR) REGULATIONS 2015 AND/OR READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF ROYAL ORCHID HOTELS LTD.
|
DIRECTED TO MAKE DISCLOSURE OF FINANCIAL STATEMENTS OF KSHEERSAGAR DEVELOPERS PVT.LTD. TO STOCK EXCHANGES ALONG WITH AUDIT REPORT FOR FY. 2021-22, FY.2022-23 AND FY.2023-24 WITHIN ONE MONTH FROM DATE OF ORDER
DIRECTED TO FILE A REPORT DULY CERTIFIED BY PER REVIEWED CHARTERED ACCOUNTANT DETAILING IMPACT ON CONSOLIDATED FINANCIAL STATEMENTS OF ROYAL ORCHID HOTELS LTD. FOR FY.2021-22, FY.2022-23 AND FY.2023-24 TO STOCK EXCHANGES
IMPOSED PENALTY RS.6,00,000
11-OCT-2024
|
SAT: SAT VIDE ITS ORDER DATED 08/01/2025 CONDONED THE DELAY IN FILING OF APPEAL AND GRANTED TWO WEEKS TO FILE REJOINDER
|
| 305 |
|
|
KESHAV BALJEE
(PAN:AKYPB2322A)
|
|
|
|
ROYAL ORCHID HOTELS LTD.
PAN:AABCR0111M
|
|
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ROYAL ORCHID HOTELS LTD.
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 33(1)(A), 33(1)(C), 33(3)(B), 34(2)(B), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2003 IN MATTER OF ROYAL ORCHID HOTELS LTD.
MISREPRESENTED / MISSTATED / MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6), 4(2)(F)(II)(7), 4(2)(F)(III)(7) OF SEBI (LODR) REGULATIONS 2015 AND/OR READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF ROYAL ORCHID HOTELS LTD.
|
DIRECTED TO FILE PUBLIC DISCLOSURE TO STOCK EXCHANGES WITHIN SEVEN DAYS FROM DATE OF RECEIPT THIS ORDER
DIRECTED AUDIT COMMITTEE AND BOARD OF DIRECTORS TO REVIEW THE DECISION OF CLASSIFICATION OF KSDPL AND CONSOLIDATED FINANCIAL STATEMENTS FOR F.Y.2021-22
DIRECTED TO FILE A REPORT DETAILING CHANGES TO CONSOLIDATED FINANCIAL STATEMENTS FOR F.Y. 2021-22 AND ITS IMPACT WITHIN ONE MONTH FROM DATE OF THIS ORDER TO STOCK EXCHANGES
DIRECTED AUDIT COMMITTEE OF ROYAL ORCHID HOTELS LTD. TO ENHANCE THE OVERSIGHT OF FINANCIAL REPORTING PROCESS AND DISCLOSURE OF ITS FINANCIAL INFORMATION
31-MAR-2023
|
SAT: SAT VIDE ITS ORDER DATED 09/05/2023 ALLOWED URGENCY APPLICATION. DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER AND STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL NEXT DATE OF LISTING
SAT: SAT VIDE ITS ORDER DATED 17/08/2023 DISPOSED OF THE APPEAL AND DIRECTED APPELLANT TO FILE REPLY TO SCN WITHIN THREE WEEKS FROM DATE OF THIS ORDER
|
| 306 |
|
|
KETAN CHATRABHUJ KAPADIA
(PAN:AACPK5744P)
|
|
|
ALLEGED VIOLATION OF REGULATION 10(4)(C) OF SEBI (DELISTING) REGULATIONS, 2021 IN THE MATTER OF ELCID INVESTMENTS LTD.
ALLEGED VIOLATION OF REGULATION 25(5) OF SEBI (LODR) REGULATIONS, 2015 IN THE MATTER OF ELCID INVESTMENTS LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.8,12,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
21-MAY-2024
|
|
| 307 |
|
|
KIRAN NAGPAL
(PAN:AJRPN9765H)
|
|
|
|
HIT KIT GLOBAL SOLUTIONS LTD.
CIN:L70100MH1988PLC049929
PAN:AAACR2929Q
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF HIT KIT GLOBAL SOLUTIONS LTD. VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(1)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OFHIT KIT GLOBAL SOLUTIONS LTD.
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF HIT KIT GLOBAL SOLUTIONS LTD.
|
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 28-FEB-2022 TO 27-AUG-2022
IMPOSED PENALTY RS.3,00,000
28-FEB-2022
|
SEBI VIDE ITS ORDER DATED 07/06/2022 DIRECTED TO PAY RS.3,16,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 24/06/2022 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED THE APPLICATION. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 11/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 13/09/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 20/10/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 19/07/2023 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDER DATED 28/02/2022 AND REDUCED DEBARMENT PERIOD REDUCED TO PERIOD UNDERWENT BY APPELLANTS
SEBI VIDE ITS NOTICE DATED 27/07/2023 CANCELLED RECOVERY CERTIFICATE AS PER SAT ORDER DATED 19/07/2023
|
| 308 |
|
|
KIRAN SONI
(PAN:CDLPS9025D)
|
|
|
|
KAVIT INDUSTRIES LTD.
CIN:L23100GJ1990PLC014692
PAN:AAACJ4907C
|
|
INDULGED IN MANIPULATION IN ANNUAL REPORTS AND BOOKS OF ACCOUNTS VIOLATING SECTION 21 OF SCRA READ WITH REGULATIONS 4(1)(A) TO (C) & (G), 4(2)(F)(I)(2), 4(2)(F)(II)(6) & (7) AND 4(2)(F)(III)(1),(3),(6) & (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KAVIT INDUSTRIES LTD.
MISUSED COMPANY’S FUND INCLUDING THROUGH GRANT OF LOANS IN MATTER OF KAVIT INDUSTRIES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-SEP-2018 TO 27-SEP-2021
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-SEP-2018 TO 27-SEP-2021
RESTRAINED FROM HOLDING OR OCCUPYING POSITION AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY FROM 28-SEP-2018 TO 27-SEP-2021
28-SEP-2018
|
|
| 309 |
|
|
KIRTI J.VAGADIA
(PAN:AAKPV2224M)
|
|
|
|
SUZLON ENERGY LTD.
PAN:AADCS0472N
|
|
INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(2)(F) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C)(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SUZLON ENERGY LTD.
FURNISHED FALSE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUZLON ENERGY LTD.
INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING REGULATIONS 4(1)(A), 4(1)(B) AND 4(1)(E) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF SUZLON ENERGY LTD.
MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING CLAUSE PARA V OF CLAUSE 49 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF SUZLON ENERGY LTD.
|
IMPOSED PENALTY RS.1,50,00,000
29-MAY-2026
|
SAT: SAT VIDE ITS ORDER DATED 07/08/2026 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF RS.10 CRORE IN FIXED DEPOSIT WITH A LIEN MARKED IN FAVOUR OF SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 310 |
|
|
KIRTI SALVI
(PAN:ADHPJ9221C)
(Along with : ANIL KOTHARI,
AAKESH CHOPRA,
AMBRISH BARSATI PAL)
|
|
|
|
MPF SYSTEMS LTD.
PAN:AADCM7896A
|
|
DID NOT FOLLOW PRINCIPLES OF CORPORATE GOVERNANCE TO PROTECT RIGHTS OF MINOR SHAREHOLDERS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT. READ WITH REGULATIONS 3(A) TO 3(D) & 4(1), 4(2)(F) & (R) OF PFUTP REGULATIONS, 2003
DID NOT CLEAR STATUS REGARDING NUMBER OF INDEPENDENT DIRECTOR DURING INVESTIGATION PERIOD VIOLATING REGULATION 17 OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE PROVISION OF INDEPENDENT DIRECTOR IN AUDIT COMMITTEE IN ANNUAL REPORT OF 2014 VIOLATING REGULATION 18(1) (B) OF SEBI (LODR) REGULATIONS, 2015
MISREPRESENTED ACCOUNTING STANDARD AND FINANCIAL DISCLOSURE VIOLATING REGULATION 33(2) (A) OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-FEB-2020
|
SEBI VIDE ITS ORDER DATED 22/12/2020 ENHANCED PENALTY AMOUNT FROM RS.4.00 LACS TO RS.6.00 LACS AND DIRECTED TO PAY WITHIN FORTY FIVE DAYS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 16/03/2021 ALLOWED TWO WEEKS TIME TO FILE APPROPRIATE APPLICATION ALONG WITH AFFIDAVIT FOR CONDONING THE DELAY
SAT: SAT VIDE ITS ORDER DATED 06/04/2021 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT FOUR WEEKS TIME TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 24/03/2022 ALLOWED THE APPEAL AND QUASHED AND SET ASIDED IMPUGNED ORDER DATED 22/12/2020. MATTER REMITTED TO AO TO DECIDE THE MATTER AFRESH
SEBI VIDE ITS ORDER DATED 26/05/2022 REDUCED PENALTY TO RS.5 LAC FROM RS.6 LAC U/S 23E AND 23H OF SCRA,1956 AND PAID BY THE NOTICES JOINTLY AND SEVERALLY
SAT: SAT VIDE ITS ORDER DATED 04/09/2023 DISMISSED THE APPEAL
SEBI VIDE ITS NOTICE DATED 11/12/2023 DIRECTED TO PAY RS.12,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 02/01/2024 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 04/01/2024 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 02/01/2024
SEBI VIDE ITS ORDER DATED 04/01/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7452 OF 2023 DATED 11/12/2023
|
| 311 |
|
|
KIRTY LAKHOTIA
(PAN:AAWPL2735K)
|
|
|
|
LCC INFOTECH LTD.
PAN:AACCA2580J
|
|
MISREPRESENTED/ MISSTATED FINANCIALS STATEMENTS AND DID NOT ADHERE TO ACCOUNTING STANDARDS REGARDING LOANS, INVESTMENTS AND DEBTORS IN FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 4(2)(E), 33(1)(A), 33(1)(C), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
DID NOT MONITOR AND DID NOT MAKE NECESSARY ADJUSTMENTS TO GOVERNANCE FRAMEWORK TO ENSURE COMPLIANCE WITH SEBI REGULATIONS VIOLATING REGULATION 4(2)(F)(II)(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS (RPTS) REQUIRED UNDER ACCOUNTING STANDARD 24 VIOLATING REGULATION 4(2)(F)(II)(6) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
DID NOT ENSURE ACCURACY AND COMPLIANCE OF FINANCIAL REPORTING VIOLATING REGULATION 4(2)(F)(II)(7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
DID NOT OVERSEE PROPER DISCLOSURES INCLUDING RELATED PARTY TRANSACTIONS AND ACCURATE FINANCIAL STATEMENTS VIOLATING REGULATION 4(2)(F)(II)(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
DID NOT ADDRESS RED FLAGS IN FINANCIAL STATEMENTS AND RELATED PARTY TRANSACTIONS VIOLATING REGULATION 4(2)(F)(III)(7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LCC INFOTECH LTD.
|
IMPOSED PENALTY RS.1,00,000
12-NOV-2024
|
|
| 312 |
|
|
KISHAN KUMAR JAJODIA
(PAN:ACUPJ9687L)
|
|
|
|
QUEST FINANCIAL SERVICES LTD.
CIN:L65993WB1980PLC033060
PAN:AAACQ0461C
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF QUEST FINANCIAL SERVICES LTD. AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF QUEST FINANCIAL SERVICES LTD.
DID NOT ADHERE TO REGULATION 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF QUEST FINANCIAL SERVICES LTD.
|
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 21-MAR-2022 TO 20-SEP-2022
IMPOSED PENALTY RS.3,00,000
21-MAR-2022
|
SAT: SAT VIDE ITS ORDER DATED 16/09/2022 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 01/11/2022 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
SAT: SAT VIDE ITS ORDER DATED 01/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND RECALLED ORDER DATED 01/11/2023
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 21/03/2022
|
| 313 |
|
|
KISHAN KUMAR JAJODIA
(PAN:ACUPJ9687L)
|
|
|
|
JAISUKH DEALERS LTD.
CIN:L65100WB2005PLC101510
PAN:AABCJ7808H
|
|
MISREPRESENTED FINANCIALS AND/OR BUSINESS AND MISUSED FUNDS/BOOKS OF ACCOUNTS OF JDL AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF JAISUKH DEALERS LTD.
|
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 06-AUG-2021 TO 05-AUG-2022
06-AUG-2021
|
SAT: SAT VIDE ITS ORDER DATED 09/06/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/11/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/12/2022 DIRECTED APPELLANT TO FILE REJOINDER WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 07/02/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/04/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 17/07/2023 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDER DATED 06/08/2021 AND REDUCED DEBARMENT PERIOD TO PERIOD UNDERWENT BY APPELLANTS
|
| 314 |
|
|
KISHAN KUMAR JAJODIA
(PAN:ACUPJ9687L)
|
|
|
|
JAISUKH DEALERS LTD.
CIN:L65100WB2005PLC101510
PAN:AABCJ7808H
|
|
MISREPRESENTED FINANCIALS AND/OR BUSINESS AND MISUSED FUNDS/BOOKS OF ACCOUNTS OF JDL AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF JAISUKH DEALERS LTD.
|
IMPOSED PENALTY RS.15,00,000
06-AUG-2021
|
SAT: SAT VIDE ITS ORDER DATED 09/06/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/09/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 10/10/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS NOTICE DATED 08/12/2021 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
SAT VIDE ITS ORDER DATED 18/11/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SEBI VIDE ITS ORDER DATED 06/12/2022 DIRECTED ALL THE BANKS TO REMIT RS.17,43,451.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.KISHAN KUMAR JAJODIA TO SEBI BY WAY OF EFT/NEFT/RTGS
SAT: SAT VIDE ITS ORDER DATED 22/12/2022 DIRECTED APPELLANT TO FILE REJOINDER WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 07/02/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/04/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED STAY AND EXEMPTION APPLICATION
SAT: SAT VIDE ITS ORDER DATED 17/07/2023 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDER DATED 06/08/2021 AND REDUCED DEBARMENT PERIOD TO PERIOD UNDERWENT BY APPELLANTS
SEBI VIDE ITS NOTICE DATED 12/03/2024 CANCELLED RECOVERY CERTIFICATE AS PER SAT ORDER
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| 315 |
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KISHAN S.RAO
(PAN:ARXPK0976D)
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CEREBRA INTEGRATED TECHNOLOGIES LTD.
PAN:AAACC5941K
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INDULGED IN MISUTILISATION/ DIVERSION/ MISAPPROPRIATION OF FUNDS AND PUBLISED OF MANIPULATED/ MISREPRESENTED/MISSTATED FINANCIAL STATEMENTS VIOLATING SECTION 27(1) OF SEBI ACT. 1992 AND REGULATIONS 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI(PFUTP) REGULATIONS, 2003IN MATTER OF CEREBRA INTEGRATED TECHNOLOGY LTD.
CERTIFIED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CEREBRA INTEGRATED TECHNOLOGY 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 30-JAN-2025 TO 29-JAN-2026
IMPOSED PENALTY RS.6,00,000
30-JAN-2025
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SAT: SAT VIDE ITS ORDER DATED 16/04/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 08/08/2025 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 13/10/2025 GRANTED THREE WEEKS TO FILE REJOINDER AND FOUR MORE WEEKS TO DEPOSIT 50% OF PENALTY AMOUNT
SEBI VIDE ITS NOTICE DATED 26/12/2025 DIRECTED TO PAY RS.6,73,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 05/02/2026 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
SAT: SAT VIDE ITS ORDER DATED 23/09/2026 CONDONED THE DELAY IN FILING OF APPEAL AND GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER
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| 316 |
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KISHORE BIYANI
(PAN:AACPB0199B)
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FUTURE RETAIL LTD.
PAN:AADCB1093N
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DID NOT SEEK APPROVAL FROM AUDIT COMMITTEE OF FUTURE RETAIL LTD. FOR THE RECEIPT OF RS.1,347 CRORE FROM FUTURE ENTERPRISES LTD. AND RS.521 CRORE FROM BASUTI SALES & SERVICES PVT.LTD. VIOLATING REGULATION 23(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FUTURE RETIAL LTD.
DID NOT OBTAIN APPROVAL FROM SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATION 23(4) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF FUTURE RETIAL LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORT OF FUTURE RETAIL LTD. VIOLATING REGULATION 34(3) READ WITH CLAUSE 1 OF PART A OF SCHEDULE V AND REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 AND PARA 19 OF IND AS 24 IN MATTER OF FUTURE RETIAL LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTIES AND RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATION REGULATION 34(3) READ WITH CLAUSE 1 OF PART A OF SCHEDULE V AND REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH PARA 9 OF IND AS 24 IN MATTER OF FUTURE RETIAL LTD.
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IMPOSED PENALTY RS.20,00,000
12-MAY-2026
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| 317 |
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KOMAL ANANTRAI PAREKH
(PAN:BYQPP0681P)
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SHIVOM INVESTMENT & CONSULTANCY LTD.
PAN:AAACG9355K
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DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF SHIVOM INVESTMENT & CONSULTANCY LTD.
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SHIVOM INVESTMENT & CONSULTANCY LTD. VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(2), (3) (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SHIVOM INVESTMENT & CONSULTANCY 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 24-FEB-2023 TO 23-MAY-2023
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.1,00,000
24-FEB-2023
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| 318 |
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KRISHNA CHANDRA RAUT
(PAN:AHPPR0441L)
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ARSS INFRASTRUCTURE PROJECTS LTD.
CIN:L14103OR2000PLC006230
PAN:AADCA4203D
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INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF ARSS INFRASTRUCTURE PROJECTS LTD. AND SUBSIDIARIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ARSS INFRASTRUCTURE PROJECTS LTD.
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF ARSS INFRASTRUCTURE PROJECTS LTD. AND SUBSIDIARIES VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(6) & 7, 4(2)(F)(III)(1), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF ARSS INFRASTRUCTURE PROJECTS LTD.
DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF ARSS INFRASTRUCTURE PROJECTS 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 25-NOV-2021 TO 24-MAY-2022
IMPOSED PENALTY RS.1,50,000
25-NOV-2021
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SAT: SAT VIDE ITS ORDER DATED 02/05/2022 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 30/06/2022 ALLOWED APPELLANTS FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 03/08/2022 GRANTED TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 11/04/2023 SET ASIDE IMPUGNED ORDER DATED 25/11/2021
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| 319 |
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KRISHNA GHAG
(DIN:02491661)
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IL&FS TRANSPORTATION NETWORKS LTD.
PAN:AABCC5460A
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DID NOT DISCHARGE DUTY AS COMPLIANCE OFFICER WITH RESPECT TO RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 6(2)(A) AND 6(2)(C) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF IL&FS TRANSPORTATION NETWORKS LTD.
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IMPOSED PENALTY RS.25,00,000
15-SEP-2022
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SAT: SAT VIDE ITS ORDER DATED 02/11/2022 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED THE EFFECT AND OPERATION OF THE IMPUGNED ORDER AGAINST ALL THE APPELLANTS TILL FURTHER ORDERS
SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 12/07/2024 CONDONED THE DELAY IN FILING OF APPEAL AND REJOINDER TO BE KEPT IN RECORD
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| 320 |
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KRISHNAN GOPALAKRISHNAN
(PAN:AAFPI8791R)
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RELIANCE HOME FINANCE LTD.
CIN:L67190MH2008PLC183216
PAN:AAECR0305E
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APPROVED GENERAL PURPOSE CORPORATE LOAN (GPCL) APPLICATIONS TO PROMOTER-RELATED ENTITIES AND ALSO RECOMMENDED MANY OF GENERAL-PURPOSE CORPORATE LOAN (GPCL) APPLICATIONS EVEN AFTER NOTING DEVIATIONS IN CREDIT APPROVAL MEMOS (CAMS) VIOLATING REGULATIONS 17(5)(A) AND 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIANCE HOME FINANCE LTD.
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IMPOSED PENALTY RS.15,00,000
23-SEP-2024
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SAT: SAT VIDE ITS ORDER DATED 06/11/2024 GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN THREE WEEKS THEREAFTER. IMPUGNED ORDER DATED 23/09/2024 TO REMAIN STAYED SUBJECT TO APPELLANT DEPOSIT PENALTY RS.5 LAC WITH RESPONDENT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 13/01/2025 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER TO FILE TWO WEEKS THEREAFTER
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| Page 16 of 43
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