| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 341 |
|
M.SURESH KUMAR REDDY
(PAN:AOOPM8696J)
|
|
|
|
BRIGHTCOM GROUP LTD.
PAN:AAACL5827B
|
|
DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED UNDER IND AS 36 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT MAKE DISCLOSURES W.R.T. EVENTS AND CIRCUMSTANCES THAT LED TO RECOGNITION OF IMPAIRMENT LOSS IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED UNDER IND AS 36 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT CARRY OUT ANNUAL IMPAIRMENT TESTING IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 36 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT RECOGNIZE IMPAIRMENT LOSS W.R.T. ITS INVESTMENTS IN SUBSIDIARY DESPITE INDICATION OF IMPAIRMENT IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 36 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 26 AND IND AS 38 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES REGARDING FACT OF INITIATION OF FORENSIC AUDIT VIOLATING REGULATIONS 30(1), 30(2) AND 30(6) READ WITH CLAUSE 17 SCHEDULE III PARA A OF PART A OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
SUBMITTED INCORRECT AND MISLEADING SHAREHOLDING PATTERN TO STOCK EXCHANGES VIOLATING REGULATIONS 4(1)(C), (H) AND 31(1)(B) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SEBI CIRCULAR NO.CIR/CFD/CMD/13/2015 DATED 30/11/2015 IN MATTER OF BRIGHTCOM GROUP LTD.
ISSUED FALSE AND MISLEADING PRESS RELEASE REGARDING APPOINTMENT OF INTERNAL AUDITOR VIOLATING REGULATIONS 4(1)(C) AND (H) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT REVIEW QUARTERLY CONSOLIDATED RESULTS BY STATUTORY AUDITORS VIOLATING REGULATION 33(3)(H) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT ENSURE THAT THE CONSTITUTION OF AUDIT COMMITTEE ACCORDANCE WITH REGULATORY REQUIREMENTS VIOLATING REGULATION 18(1)(B) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT APPOINT AT LEAST ONE INDEPENDENT DIRECTOR FROM ITS BOARD AS DIRECTOR ON BOARD OF DIRECTORS OF THREE UNLISTED MATERIAL SUBSIDIARIES VIOLATING REGULATION 24(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT PUBLISH STANDALONE FINANCIAL STATEMENTS OF ITS SUBSIDIARIES ON ITS WEBSITE VIOLATING REGULATION 4(1)(D),(G), (H), (I), (J) AND 46(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES IN RESPECT OF IMPACT OF INTRODUCTION OF GENERAL DATA PROTECTION REGULATION (GDPR) ON FUNCTIONING OF COMPANY VIOLATING REGULATION 30 READ WITH CLAUSE 7 OF PARA B OF PART A OF SCHEDULE III OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES IN RESPECT OF INTRODUCTION OF GENERAL DATA PROTECTION REGULATION (GDPR) AS THREATS, OUTLOOK, RISKS OR CONCERNS IN MANAGEMENT DISCUSSION AND ANALYSIS VIOLATING REGULATION 34(2)(3) AND SCHEDULE V OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 26 VIOLATING CLAUSES 49(I)(C)(1)(A) AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF BRIGHTCOM GROUP LTD.
SUBMITTED INCORRECT AND MISLEADING SHAREHOLDING PATTERN TO STOCK EXCHANGES VIOLATING CLAUSE 35 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS VIOLATING CLAUSE 49(IX) OF ESRTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF BRIGHTCOM GROUP LTD.
DID NOT MAINTAIN STRUCTURED DIGITAL DATABASE (SDD) CONTAINING NAMES OF SUCH PERSONS OR ENTITIES WITH WHOM UPSI WAS SHARES VIOLATING REGULATION 3(5) OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
|
DIRECTED NOT TO SELL/DISPOSE OF/DILUTE SHAREHOLDING IN COMPANY, HELD DIRECTLY OR INDIRECTLY THROUGH FAMILY MEMBERS OR THROUGH COMPANIES IN WHICH THEY OR THEIR FAMILY MEMBERS DIRECTORS
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-FEB-2025 TO 05-FEB-2030
RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI AND FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY OR PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 06-FEB-2025 TO 05-FEB-2030
IMPOSED PENALTY RS.15,00,00,000
13-APR-2023
|
SEBI VIDE ITS ORDER DATED 06/02/2025 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER, FOR FIVE YEARS FROM DATE OF THIS ORDER B) RESTRAINED FROM BEING ASSOCIATED WITH SECURITIES MARKET, IN ANY MANNER WHATSOEVER, INCLUDING AS A DIRECTOR OR KEY MANAGERIAL PERSONNEL IN A LISTED COMPANY OR AN INTERMEDIARY REGISTERED WITH SEBI OR A PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC IN THE SECURITIES MARKET FOR FIVE YEARS FROM DATE OF THIS ORDER C) IMPOSED PENALTY OF RS.15 CRORE U/S 15A(B), 15A(C), 15HA, 15HB OF SEBI ACT. AND U/S 23H OF SCRA TO BE PAID WITHIN FORTY-FIVE (45) DAYS FROM DATE OF RECEIPT OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/02/2025 DISMISSED THE APPEAL AS WITHDRAWN
|
| 342 |
|
|
M.VIJAYA BHASKER REDDY
(PAN:ADMPM6253A)
|
|
|
ALLEGED FAILURE TO ENSURE THAT PUBLISHED FINANCIAL STATEMENTS WERE IN ACCORDANCE WITH APPLICABLE ACCOUNTING STANDARDS VIOLATING REGULATION 18(3) READ WITH PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,35,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BE ASSOCIATED WITH BRIGHTCOM GROUP LTD. AND ITS ASSOCIATES IN ANY CAPACITY) FROM 09-DEC-2025 TO 08-DEC-2027
09-DEC-2025
|
|
| 343 |
|
|
MADHAV ACHARYA
(PAN:ABOPA4250D)
|
|
|
|
CG POWER & INDUSTRIAL SOLUTIONS LTD.
PAN:AAACC3840K
|
|
INDULGED IN MIS-STATEMENT OF ACCOUNTS AND DIVERSION OF FUNDS FROM LISTED COMPANY AND/OR ITS SUBSIDIARIES/ASSOCIATES VIOLATING SECTIONS 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(2)(F) & (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.
DID NOT MAKE DISCLOSURE OF INFORMATION VIOLATING OF REGULATIONS 4(2)(F)(I)-(II), 4(2)(F)(III)(3) AND (6) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.
DID NOT ADHERE TO CODE OF CONDUCT OF BOARD OF DIRECTORS AND SENIOR MANAGEMENT ON ANNUAL BASIS VIOLATING OF REGULATION 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CG POWER & INDUSTRIAL SOLUTIONS LTD.
DID NOT SUBMIT FINANCIAL RESULT VIOLATING REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF CG POWER & INDUSTRIAL 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 17-SEP-2019 TO 16-MAR-2023
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
RESTRAINED FROM ASSOCIATING WITH ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY LISTED ENTITY OR ITS MATERIAL UNLISTED SUBSIDIARY FROM 17-SEP-2019 TO 16-MAR-2023
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
IMPOSED PENALTY RS.1,00,00,000
17-SEP-2019
|
SAT: APPEAL DISMISSED
SAT: SAT: SAT VIDE ITS ORDER DATED 18/02/2020 ALLOWED THE APPLICATION AND DIRECTED SEBI TO PASS CONFIRMATORY ORDER ON OR BEFORE 10/03/2010
SEBI VIDE ITS ORDER DATED 11/03/2020 DIRECTED TO A) RESTRAIN FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES IN ANY MANNER WHATSOEVER, EITHER DIRECTLY OR INDIRECTLY, TILL FURTHER ORDERS. PERMITTED TO LIQUIDATE UPTO 25% OF VALUE OF SECURITIES HELD BY THEM AS ON DATE OF INTERIM ORDER B) RESTRAINED FROM BEING ASSOCIATED WITH ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY LISTED ENTITY OR ITS MATERIAL UNLISTED SUBSIDIARY, IN ANY MANNER WHATSOEVER,TILL FURTHER ORDERS C) NOT TO TAKE FRESH POSITIONS OR INCREASE THEIR OPEN POSITIONS OR EXECUTE TRADES IN F&O SEGMENT, TILL FURTHER ORDERS
SAT: SAT VIDE ITS ORDER DATED 27/09/2021 DISMISSED THE APPLICATION FOR WITHDRAWAL
SAT: SAT VIDE ITS ORDER DATED 27/10/2021 DIRECTED APPELLANT TO FILE REJOINDER WITHIN ONE WEEK FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 24/11/2021 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 27/01/2022 DISMISSED THE APPEAL AND DIRECTED APPELLANT TO FILE REPLY TO THE SHOW CAUSE NOTICE ON OR BEFORE 20/02/2022
SEBI VIDE ITS ORDER DATED 23/02/2022 ALLOWED THE EXPENSES WITHOUT PREJUDICE TO THE DIRECTION TO THE APPLICANT TO RETAIN FUND/OTHER ASSETS, AS GIVEN IN EX-PARTE ORDER DATED 17/09/2019
SEBI VIDE ITS ORDER DATED 04/10/2022 DIRECTED TO RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER, FOR THREE YEARS AND SIX MONTHS FROM DATE OF COMING INTO FORCE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/11/2022 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 27/02/2023 CONDONED THE DELAY IN FILING OF REJOINDER REPLY BY RESPONDENT. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED AND APPELLANT TO DEPOSITS 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL
|
| 344 |
|
|
MADHUKAR TALWALKAR
(PAN:AAAPT8172A)
|
|
|
|
TALWALKARS BETTER VALUE FITNESS LTD.
CIN:L92411MH2003PLC140134
PAN:AABCT8207A
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE
DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY
REVENUE INFLATED BY REVALUATION OF INVESTMENTS
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY
TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH
ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-SEP-2023 TO 14-MAR-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
IMPOSED PENALTY RS.24,00,000
15-SEP-2023
|
SEBI VIDE ITS NOTICE DATED 21/02/2024 DIRECTED TO PAY RS.25,45,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT TO FILE REPLY AND REJOINDER THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER, AS FAR AS DEPOSIT OF PENALTY IS CONCERNED, SUBJECT TO PAYMENT OF 25% PENALTY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/07/2024 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/05/2025 CONDONED THE DELAY IN FILING OF REPLY
|
| 345 |
|
|
MADHUSUDAN GARG
(PAN:AAWPG4088Q)
|
|
|
|
MANGALAM GLOBAL ENTERPRISE PVT.LTD.
|
|
ALLEGED INDULGENCE IN PUBLISHING OF MISSTATED FINANCIAL STATEMENTS, PASSING OF FICTITIOUS BOOK ENTRIES AND DIVERSION OF FUNDS FROM THE COMPANY FOR BENEFIT OF PROMOTER GROUP COMPANIES VIOLATING REGULATIONS 4(2)(E) (1), 4(2)(F)(I)(1),(2), 4(2)(F)(II)(2),(5),(6),(7),(8) AND 4(2)(F)(III)(1),(2),(3),(6),(8),(12),(14), 25(5) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(1) OF SEBI ACT, 1992 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED FAILURE IN MAKING DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATING REGULATION 34(3) READ WITH SCHEDULE V OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED VIOLATING SECTION 177 OF COMPANIES ACT, 2013
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.18,85,000 VIDE CONSENT ORDER)
30-MAR-2026
|
|
| 346 |
|
|
MAHADEVAN RAMANATHAN KAVASSERY
(PAN:AAHPK2129D)
|
|
|
|
LANDMARC LEISURE CORP.LTD.
CIN:L65990MH1991PLC060535
PAN:AAACL5117A
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS 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) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF LANDMARC LEISURE CORP.LTD.
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF LANDMARC LEISURE CORP.LTD. VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LANDMARC LEISURE CORP.LTD.
DID NOT ADHERE TO REGULATION 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF LANDMARC LEISURE CORP.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 LANDMARC LEISURE CORP.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 20-JAN-2022 TO 19-JAN-2023
IMPOSED PENALTY RS.7,50,000
20-JAN-2022
|
SEBI VIDE ITS NOTICE DATED 29/04/2022 DIRECTED TO PAY RS.7,81,000.00 ALONG WITH FURTHER INTEREST, ALL COSTS, CHARGES AND EXPENSES WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT: SAT VIDE ITS ORDER DATED 09/05/2022 ALLOWED THE APPEAL AND EXTENDED TIME TO DEPOSIT PRINCIPAL AMOUNT OF THE PENALTY TILL 31/05/2022
|
| 347 |
|
|
MAHENDRA KUMAR JAIN
(PAN:ACAPJ1335M)
|
|
|
|
RAJASTHAN TUBE MANUFACTURING CO.LTD.
PAN:AABCR1642P
|
|
DID NOT EXERCISE DUTY AS MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PARA A(1), A(4)(E), A(5), A(11) AND A(12) OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RAJASTHAN TUBE MANUFACTURING CO.LTD.
DID NOT DISCHARGE RESPONSIBILITIES AS MEMBERS OF BOARD OF DIRECTORS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(1)(2)(6)(7)(8) AND 4(2)(F)(III)(1),(3),(6),(7)(12) OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956 IN MATTER OF RAJASTHAN TUBE MANUFACTURING CO.LTD.
|
IMPOSED PENALTY RS.2,00,000
04-SEP-2025
|
SAT: SAT VIDE ITS ORDER DATED 05/12/2025 CONDONED THE DELAY OF 29 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. NO COERCIVE ACTION TO RECOVER PENALTY AMOUNT SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 348 |
|
|
MAHESH CHIMANLAL DALAL
(PAN:AABPD5612N)
|
|
|
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
|
|
| 349 |
|
|
MAHESH SHARMA
(PAN:DPSPS8381L)
|
|
|
|
SHIVOM INVESTMENT & CONSULTANCY LTD.
PAN:AAACG9355K
|
|
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.
|
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.2,00,000
24-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 27/06/2024 DIRECTED TO PAY RS.2,35,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 07/10/2024 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
|
| 350 |
|
|
MALAVIKA HEGDE
(PAN:ABFPH9207C)
(Along with : S.V.RANGANATH,
K.R.MOHAN)
|
|
|
DID NOT ADHERE TO REQUIREMENTS PRESCRIBED UNDER APPLICABLE IND AS IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AND DID NOT FULFIL MANDATORY DISCLOSURE OBLIGATIONS WITH RESPECT TO DECISION TO DEVIATE FROM COMPLIANCE VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C), 34(3) READ WITH CLAUSE B(2) OF SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS READ WITH SECTION 27(2) OF SEBI ACT., 1992 AND REGULATIONS 4(2)(F)(II)(7) AND (8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF COFFEE DAY ENTERPRISES LTD.
DID NOT EXERCISE DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE IN APPROVING FINANCIAL STATEMENTS VIOLATING REGULATION 18(3) READ WITH PART C OF OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF COFFEE DAY ENTERPRISES LTD.
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
02-MAR-2026
|
|
| 351 |
|
|
MALAY KUMAR SINHA
|
|
|
|
RELIGARE ENTERPRISES LTD.
PAN:AAACV5888N
|
|
DID NOT MAINTAIN HIGH ETHICAL STANDARDS AND TAKE INTO ACCOUNT THE INTEREST OF STAKEHOLDERS VIOLATING REGULATION 4(2)(F) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
DIRECTED TO FURNISH UNDERTAKING THAT RELIGARE ENTERPRISES LTD. SHALL APPLY TO REGULATORY AUTHORITIES INCLUDING RBI ON OR BEFORE 12/07/2024 FOR ALL THE REQUISITE STATUTORY APPROVALS THAT ARE NECESSARY FOR PROCEEDING WITH OPEN OFFER BY ACQUIRERS
DIRECTED TO TAKE ALL THE NECESSARY STEPS TO FACILITATE THE ACQUIRERS TO FULFIL THEIR OBLIGATIONS UNDER SAST REGULATIONS, 2011
DIRECTED TO CONSTITUTE COMMITTEE OF INDEPENDENT DIRECTORS IN TERMS OF REGULATIONS 26(6) OF SAST REGULATIONS, 2011
19-JUN-2024
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SAT: SAT VIDE ITS ORDER DATED 10/07/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN FOUR WEEKS THEREAFTER. IN THE MEANWHILE, DIRECTION IN PARAGRAPH 35 OF IMPUGNED ORDER TO REMAIN STAYED
SAT: SAT VIDE ITS ORDER DATED 29/08/2024 CONDONED THE DELAY IN FILING OF REPLY. APPELLANTS SEEK TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/10/2024 GRANTED TEN DAYS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 05/01/2026 DISMISSED THE APPEAL AS WITHDRAWN ON 25/07/2025
SEBI VIDE ITS ORDER DATED 31/07/2026 DISPOSE OF INTERIM ORDER CUM SCN DATED 19/06/2024 WITHOUT ANY DIRECTIONS
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| 352 |
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MALAY RAMESH MAHADEVIA
(PAN:AELPM9382E)
(Along with : GAUTAMBHAI SHANTILAL ADANI,
RAJESHBHAI SHANTILAL ADANI,
RAJEEVA RANJAN SINHA,
SUDIPTA BHATTACHARYA)
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ADANI PORTS & SPECIAL ECONOMIC ZONE LTD.
CIN:L63090GJ1998PLC034182
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ALLEGED FAILURE IN ADHERING TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT VIOLATING RULE 19A OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957 AND CLAUSES 35 AND 40A OF LISTING AGREEMENT IN MATTER OF ADANI GROUP COMPANIES
ALLEGED FAILURE IN ADHERING TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT VIOLATING REGULATIONS 31 AND 38 OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 24(1) OF SCRA, 1956 IN MATTER OF ADANI GROUP COMPANIES
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REACHED SETTLEMENT (SETTLEMENT CHARGES RS.37,05,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
28-SEP-2026
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| 353 |
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MALCOLM MEHTA
(PAN:AFWPM8643Q)
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ALLEGED INDULGENCE IN MANIPULATION IN BOOKS OF ACCOUNTS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(C), 3(D), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ACCEL FRONTLINE LTD.
ALLEGED INDULGENCE IN MANIPULATION IN BOOKS OF ACCOUNTS VIOLATING CLAUSE 41 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF ACCEL FRONTLINE LTD.
ALLEGED INDULGENCE IN MANIPULATION IN BOOKS OF ACCOUNTS VIOLATING REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF ACCEL FRONTLINE LTD.
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REACHED SETTLEMENT (SETTLEMENT CHARGES RS.81,90,000 VIDE CONSENT ORDER)
16-NOV-2022
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| 354 |
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MALVINDER MOHAN SINGH
(PAN:AABPS2552G)
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INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES 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 RELIGARE ENTERPRISES LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSES 49(I)(D)(1)(B), 49(I)(D)(2)(F), 49(I)(D)(3)(C),(F),(G),(I),(L) AND 49(II)(E)(2) OF LISTING AGREEMENT (POST CIRCULAR DATED 17/04/2014) READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(6), 4(2)(F)(III)(1)(3), (6), (7), (9), (12) AND 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSE 49(I)(D)(1)(A) OF LISTING AGREEMENT READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATION 4(2)(F)(I)(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
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RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-JUL-2022 TO 27-JUL-2025
IMPOSED PENALTY RS.10,00,00,000
28-JUL-2022
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SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.10,70,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 06/02/2023 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 ORDER DATED 06/03/2023 DIRECTED ALL THE BANKS TO REMIT RS.10,90,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.MALVINDER MOHAN SINGH TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 28/03/2023 DIRECTED TO RELEASE BANK ACCOUNT NO.1112430037 OF MR.MALVINDER MOHAN SINGH
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| 355 |
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MALVINDER MOHAN SINGH
(PAN:AABPS2552G)
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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.
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DIRECTED NOT TO DIVERT ANY FUNDS EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED NOT TO ASSOCIATE WITH AFFAIRS OF RELIGARE ENTERPRISES LTD. AND RELIGARE FINVEST LTD. IN ANY MANNER FROM 14-MAR-2019 TILL FURHTER ORDERS
14-MAR-2019
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SEBI VIDE ITS ORDER DATED 11/09/2019 DIRECTED NOT TO ASSOCIATE WITH AFFAIRS OF RELIGARES ENTERPRISES LTD. AND RELIGARE FINVEST LTD. IN ANY MANNER WHATOSEVER TILL FURTHER DIRECTIONS
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| 356 |
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MANASA VISHWANATH
(PAN:ABXPR4968A)
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KOLTE-PATIL DEVELOPERS LTD.
PAN:AAACK7310G
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ALLEGED INDULGED IN SUBMISSION OF INCORRECT CERTIFICATE THAT THEY COMPLY WITH ALL THE CRITERIA OF INDEPENDENT DIRECTOR VIOLATING REGULATION 25(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KOLTE-PATIL DEVELOPERS LTD.
ALLEGED BOTH THE INDEPENDENT DIRECTORS WERE DIRECTLY RELATED HENCE EVALUATION OF BOARD OF DIRECTORS OF KOLTE-PATIL DEVELOPERS LTD. WAS NOT IN COMPLIANCE OF REGULATION 17(10)(B) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KOLTE-PATIL DEVELOPERS LTD.
ALLEGED BOTH THE INDEPENDENT DIRECTORS WERE DIRECTLY RELATED TO EACH OTHER HENCE DID NOT MEET CRITERIA OF INDEPENDENT DIRECTORS VIOLATING REGULATION 17(11)(B) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF KOLTE-PATIL DEVELOPERS LTD.
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REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,72,500 VIDE CONSENT ORDER)
18-NOV-2022
|
|
| 357 |
|
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MANINDER SINGH
(PAN:AATPS5325H)
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INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES 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 RELIGARE ENTERPRISES LTD.
ISSUED FALSE AND MISLEADING CERTIFICATE UNDER REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
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IMPOSED PENALTY RS.72,00,000
31-OCT-2022
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SAT: SAT VIDE ITS ORDER DATED 19/01/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. DIRECTED TO DEPOSIT 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 16/03/2023 GRANTED RESPONDENT FURTHER TWO WEEKS TO FILE REPLIES AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 02/08/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/09/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
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| 358 |
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MANISH BAGADIA
(PAN:AAYPB4783F)
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MANGALAM GLOBAL ENTERPRISE PVT.LTD.
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ALLEGED INDULGENCE IN PUBLISHING OF MISSTATED FINANCIAL STATEMENTS, PASSING OF FICTITIOUS BOOK ENTRIES AND DIVERSION OF FUNDS FROM THE COMPANY FOR BENEFIT OF PROMOTER GROUP COMPANIES VIOLATING REGULATIONS 4(2)(E) (1), 4(2)(F)(I)(1),(2), 4(2)(F)(II)(2),(5),(6),(7),(8) AND 4(2)(F)(III)(1),(2),(3),(6),(8),(12),(14), 25(5) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(1) OF SEBI ACT, 1992 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED FAILURE IN MAKING DISCLOSURE OF RELATED PARTY TRANSACTIONS IN ANNUAL REPORTS VIOLATING REGULATION 34(3) READ WITH SCHEDULE V OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MANGALAM GLOBAL ENTERPRISE LTD.
ALLEGED VIOLATING SECTION 177 OF COMPANIES ACT, 2013
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REACHED SETTLEMENT (SETTLEMENT CHARGES RS.18,85,000 VIDE CONSENT ORDER)
30-MAR-2026
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|
| 359 |
|
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MANISH JAYSUKHLAL JANANI
(PAN:AACPJ9992L)
(Along with : DIPAN BABULAL PATWA,
JEEYAN DIPAN PATWA,
SONAL DEEPAN PATWA)
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PUBLISHED MISREPRESENTED/MANIPULATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(2)(F), 4(2)(K), 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF LYPSA GEMS JEWELLERY LTD.
PUBLISHED MISREPRESENTED/MANIPULATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(C), 4(1)(D), 4(1)(E) AND 4(1)(G) TO 4(1)(J) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LYPSA GEMS JEWELLERY LTD.
INDULGED IN MISREPRESENTATION AND MISSTATEMENT OF FINANCIAL STATEMENTS IN ANNUAL RESULT AND ANNUAL REPORTS VIOLATING OF REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I), 33(3)(D), 34(2)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LYPSA GEMS JEWELLERY LTD.
DID NOT INCLUDE STATUTORY AUDITOR’S REPORT AND DID NOT MAKE DISCLOSURE OF AOC-1 IN FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A), 4(1)(C) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I) AND 34(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LYPSA GEMS JEWELLERY LTD.
DID NOT PROVIDE CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS IN FINANCIAL STATEMENTS AND ANNUAL REPORTS VIOLATING REGULATIONS 4(1)(A), 4(1)(C) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I) AND 34(3) READ WITH SCHEDULE V PARA C CLAUSE 10(I) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LYPSA GEMS JEWELLERY LTD.
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IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS
16-APR-2026
|
|
| 360 |
|
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MANISH KUMAR DABKARA
(DIN:03496566
PAN:AMPPD4048N)
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EKI ENERGY SERVICES LTD.
CIN:U74200MP2011PLC025904
PAN:AACCE6986E
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MISSTATED AND MISPRESENTED FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF EKI ENERGY SERVICES LTD.
MISSTATED AND MISPRESENTED FINANCIAL STATEMENTS AND DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), 4(2)(F)(I)(2), 4(2)(F)(II)(2), (6), (7), 4(2)(F)(III) (1)(3), (6), (12), 33(1)(A)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH AS 115 IN MATTER OF EKI ENERGY SERVICES 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 EKI ENERGY SERVICES LTD.
DID NOT CARRY OUT ADEQUATE DUE DILIGENCE AND EXERCISE INDEPENDENT JUDGMENT AS MEMBERS OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH CLAUSES 1, 4, 5 AND 11 TO 14 OF PARA A AND CLAUSE 1 OF PARA B OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF EKI ENERGY SERVICES LTD.
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IMPOSED PENALTY RS.28,00,000
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-OCT-2026 TO 29-DEC-2027
DIRECTED MR.MANISH KUMAR DABKARA TO TAKE IMMEDIATE STEPS TO RECOUP THE AMOUNT DIVERTED FROM EKI ENERGY SERVICES LTD.
30-OCT-2026
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 18 of 43
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