| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
HSBC ASSET MANAGEMENT (INDIA) PVT.LTD.
(PAN:AABCH0007N)
|
|
|
|
VIKRAMADITYA
|
|
DID NOT PROVIDE TIMELY INFORMATION TO INVESTORS/UNITHOLDERS ABOUT CHANGES IN INVESTMENT POLICIES, OBJECTIVES AND DURATION OF SCHEME ETC AS REQUIRED UNDER CLAUSES 2,6 AND 9 OF CODE OF CONDUCT AND REGULATION 25(1) OF MUTUAL FUNDS REGULATIONS, 1996
DID NOT ADHERE TO PROVISIONS OF MUTUAL FUNDS REGULATIONS, DIRECTIVES/INSTRUCTIONS/GUIDELINES AND CIRCULARS ISSUED FROM TIME TO TIME AS REQUIRED UNDER 25(6A) OF MUTUAL FUNDS REGULATIONS, 1996
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
23-APR-2010
|
SAT: SAT VIDE ITS ORDER DATED 03/05/2011 DIRECTED TO COMPLY WITH REGULATION 18(15A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 QUA THE APPELLANTS AND PROVIDE THEM WITH AN EXIT ROUTE
|
| 22 |
|
|
HSBC ASSET MANAGEMENT (INDIA) PVT.LTD.
(PAN:AABCH0007N)
|
|
|
DID NOT MAINTAIN RECORDS IN SUPPORT OF EACH INVESTMENT DECISION INDICATING DATA, FACTS AND OPINION LEADING TO DECISION
DID NOT RECORD DETAILED REASONS WITH RESPECT TO SUBSEQUENT PURCHASE AND SALE IN THE SAME SCRIPS
DID NOT ESTABLISH MECHANISM TO VERIFY THAT DUE DILIGENCE WAS BEING EXERCISED WHILE MAKING INVESTMENT DECISIONS
|
IMPOSED PENALTY RS.5,00,000
25-JUL-2024
|
|
| 23 |
|
|
HSBC ASSET MANAGEMENT (INDIA) PVT.LTD.
(PAN:AABCH0007N)
|
|
|
ALLEGED FAILURE TO HAVE APPROPRIATE CONTROLS IN PLACE TO PREVENT USE OF FUNDS OF ONE SCHEME BY ANOTHER SCHEME OF THE MUTUAL FUND VIOLATING CLAUSE 5 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996AND CLAUSE 1.3.1(C) OF SEBI CIRCULAR NO. SEBI/HO/IMD/DF2//CIR/P/2021/683 DATED 10/12/2021
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.23,92,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAY-2024
|
|
| 24 |
|
|
ICICI PRUDENTIAL ASSET MANAGEMENT CO.LTD.
(PAN:AAACI1000K)
|
|
|
DID NOT ADHERE TO ALL PROVISIONS OF THE DIRECTIVES/INSTRUCTIONS/GUIDELINES, CIRCULARS IN MATTER OF ADVERTISEMENT THROUGH NEWSPAPERS AND HOARDINGS AS REQUIRED UNDER REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
DIRECTED TO ABIDE STRICTLY BY STIPULATIONS ON ADVERTISEMENTS BY MUTUAL FUNDS, ISSUED BY SEBI
17-MAR-2010
|
|
| 25 |
|
|
ICICI PRUDENTIAL ASSET MANAGEMENT CO.LTD.
(PAN:AAACI1000K)
|
|
|
ALLEGED VIOLATION OF REGULATION 25(1), 25(2), 25(16) READ WITH PARA 1 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER IPO OF ICICI SECURITIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.89,96,387 VIDE CONSENT ORDER)
29-NOV-2018
|
|
| 26 |
|
|
ICICI PRUDENTIAL ASSET MANAGEMENT CO.LTD.
(PAN:AAACI1000K)
|
|
|
DID NOT MAKE DISCLOSURE OF INVESTMENT OBJECTIVE IN SCHEME INFORMATION DOCUMENT OF SCHEME VIOLATING REGULATIONS 25(16) AND 43(2) READ WITH CLAUSE 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF ICICI PRUDENTIAL MUTUAL FUND
DELEGATED FIDUCIARY OBLIGATIONS WITH REGARD TO DIVIDEND DECLARATION AND FIXING RECORD DATE TO AMC VIOLATING REGULATIONS 52A, 10(A) AND 25(16) OF MUTUAL FUND REGULATIONS READ WITH SEBI CIRCULAR NO.SEBI/IMD/CIR NO.1/64057/06 DATED 04/04/2006 IN MATTER OF ICICI PRUDENTIAL MUTUAL FUND
|
IMPOSED PENALTY RS.3,00,000
23-DEC-2019
|
|
| 27 |
|
|
ICICI PRUDENTIAL TRUST LTD.
|
|
|
DID NOT MAKE DISCLOSURE OF INVESTMENT OBJECTIVE IN SCHEME INFORMATION DOCUMENT OF SCHEME VIOLATING REGULATIONS 18(7), 18(9), 18(22) READ WITH CLAUSE 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF ICICI PRUDENTIAL MUTUAL FUND
DELEGATED FIDUCIARY OBLIGATIONS WITH REGARD TO DIVIDEND DECLARATION AND FIXING RECORD DATE TO AMC VIOLATING REGULATIONS 52A, 10(A),18(9),18(22) OF MUTUAL FUND REGULATIONS READ WITH SEBI CIRCULAR NO.SEBI/IMD/CIR NO.1/64057/06 DATED 04/04/2006 IN MATTER OF ICICI PRUDENTIAL MUTUAL FUND
|
IMPOSED LOCK-IN ON SHARES ALLOTTED THROUGH CONVERSION OF WARRANTS
23-DEC-2019
|
|
| 28 |
|
|
IDBI ASSET MANAGEMENT LTD.
(PAN:AACCI2317R)
|
|
|
ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF SUB REGULATION (1) AND (2) OF REGULATION 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF CLAUSES 2, 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATIONS 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATIONS 75A (B) AND 76 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,47,228 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUN-2020
|
|
| 29 |
|
|
IDBI MF TRUSTEE CO.LTD.
(PAN:AACCI2337M)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF CLAUSES 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATIONS 18(22) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATION 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATIONS 18(9), 75A(B) AND 76 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,47,228 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUN-2020
|
|
| 30 |
|
|
IIFCL ASSET MANAGEMENT CO.LTD.
(PAN:AACCI9090F)
|
|
|
|
ANIL KUMAR TANEJA
PAN:AABPT8297M
|
|
|
EMANDI SANKARA RAO
PAN:ABRPR1696R
|
|
|
PRASANNA PRAKASH PANDA
PAN:AAPPP5505L
|
|
|
SUMIRAN BANSAL
PAN:ADKPB6803F
|
|
ALLEGED FAILURE IN MAINTENANCE OF VALUATION REPORT OF INVESTMENT IN GVR INFRA PVT.LTD.
ALLEGED FAILURE IN MAKING PROVISIONS RELATING TO INVESTMENT AND VALUATION MANUAL IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DISCREPANCY IN END USE OF PROCEEDS IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN CHARGING ADDITIONAL COUPON DESPITE RATING DOWNGRADE IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN KEEPING RECORD TO ENSURE HOW EVENT OF DEFAULT MONITORED AND HOW ANY DEFAULT WITH OTHER LENDERS IDENTIFIED TIMELY IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DEVIATION IN TIME ALLOWED FOR DEBT SERVICE RESERVE ACCOUNT (DSRA) THROUGH INTERNAL NOTE WITHOUT GETTING DEVIATION APPROVED FROM AMC BOARD IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED NOC SIGNED BY CIO THOUGH CEO WAS AUTHORIZED IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE TO ENSURE SECURITY CREATION IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO FULFILL DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO OBTAIN NOC OR PARI-PASSU LETTERS FROM ALL EXISTING LENDERSIN THE MATTER OF D.P.JAIN & CO.
ALLEGED SHORTFALL IN PLEDGE OF SHARES BY THE COMPANY AND SHORTFALL IN HYPOTHECATION OF TWO GROUP COMPANIES IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST FOR CONDITIONS DEFINED AS “EVENT OF DEFAULT” IN DEBENTURE TRUST AGREEMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED DELAY IN PLEDGE OF SHARES HELD BY PROMOTERS IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST OF 0.25% OVER COUPON RATE FOR DELAY IN SECURITY CREATION WITH RESPECT TO INVESTMENT IN FEEDBACK INFRA PVT.LTD.
ALLEGED FAILURE IN PLEDGING OF EQUITY SHARES OF FEEDBACK HIGHWAYS OMT PVT.LTD. AND ALL INVESTMENTS INCLUDING IN IL&FS, PENDING DEPLOYMENT OF FUNDS, CONTRARY TO PPMS (PRIVATE PLACEMENT MEMORANDUMS) OF THE SCHEMES
ALLEGED FAILURE IN MAINTENANCE OF DOCUMENT CONFIRMING PORTFOLIO REVIEWED BY INVESTMENT RECOMMENDATION COMMITTEE (IRC)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,02,37,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-APR-2024
|
|
| 31 |
|
|
J.M.CAPITAL MANAGEMENT PVT.LTD.
|
|
|
DID NOT OBSERVE RULES AND REGULATIONS BY ASSET MANAGEMENT COMPANY AS PER SECTION 15E
|
IMPOSED PENALTY RS.30,00,000
22-JAN-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.5,00,000 FROM RS.30,00,000
|
| 32 |
|
|
JM FINANCIAL ASSET MANAGEMENT LTD.
(PAN:AAACJ2578F)
|
|
|
|
BHANU KATOCH
PAN:ALJPK1911G
|
|
|
DEEPEN DOSHI
PAN:AABPD7459H
|
|
CLEARED INVESTMENT PROPOSAL OF THE EMPLOYEES AND THEIR RELATIVES FOR INVESTMENT IN THE SCHEMES WHERE THERE WAS A LIKELIHOOD OF A SIGNIFICANT CHANGE IN THE VALUATION OF DEFAULTED SECURITIES AND SAME INFORMATION WAS NOT COMMUNICATED TO UNIT HOLDERS VIOLATING CLAUSE E(3)(D) OF SEBI CIRCULAR DATED 17/11/2016 IN MATTER OF JM FINANCIAL MUTUAL FUND
DID NOT MAKE DISCLOSURE TO INVESTORS ABOUT CHANGE IN VALUATION OF DEFAULTED SECURITIES/SALE OF SECURITIES AND DID NOT PROVIDE ADEQUATE AND TIMELY INFORMATION TO INVESTORS ABOUT GENERAL AFFAIRS OF THE SCHEME THEREBY VIOLATING CLAUSE 2 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF JM FINANCIAL MUTUAL FUND
|
IMPOSED PENALTY RS.25,00,000
31-JUL-2024
|
|
| 33 |
|
|
JM FINANCIAL TRUSTEE CO.PVT.LTD.
(PAN:AAACJ2579E)
|
|
|
DID NOT MAKE DISCLOSURE TO INVESTORS ABOUT CHANGE IN VALUATION OF DEFAULTED SECURITIES/SALE OF SECURITIES AND DID NOT PROVIDE ADEQUATE AND TIMELY INFORMATION TO INVESTORS ABOUT GENERAL AFFAIRS OF THE SCHEME THEREBY VIOLATING CLAUSE 2 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF JM FINANCIAL MUTUAL FUND
|
IMPOSED PENALTY RS.10,00,000
31-JUL-2024
|
|
| 34 |
|
|
JM MUTUAL FUND
|
|
|
DEFAULT IN CASE OF MUTUAL FUNDS AS PER SECTION 15D
|
IMPOSED PENALTY RS.20,00,000
22-JAN-2004
|
SAT: APPEAL ALLOWED
|
| 35 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
ALLEGED MUTUAL FUND OFFER DOCUMENT CONTAINED INCORRECT SCHEME NAME AND INFORMATION AND EVEN UNITS WERE ALLOTTED UNDER THE INCORRECT SCHEME NAME VIOLATING REGULATIONS 31 OF SEBI (MUTUAL FUNDS)
ALLEGED ISSUANCE OF SCHEME INFORMATION DOCUMENT WITHOUT MENTIONING OPENING AND CLOSING DATE OF NFO
ALLEGED LATE LISTING OF UNITS VIOLATING REGULATIONS 32 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.91,80,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ISSUING OF NEW SCHEMES FOR A PERIOD OF ONE YEAR) FROM 29-MAR-2017 TO 28-MAR-2018
29-MAR-2017
|
|
| 36 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 37 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
|
NANDKUMAR SURTI
PAN:AALPS8105P
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 38 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED MUTUAL FUND OFFER DOCUMENT CONTAINED INCORRECT SCHEME NAME AND INFORMATION AND EVEN UNITS WERE ALLOTTED UNDER THE INCORRECT SCHEME NAME VIOLATING REGULATIONS 31 OF SEBI (MUTUAL FUNDS)
ALLEGED ISSUANCE OF SCHEME INFORMATION DOCUMENT WITHOUT MENTIONING OPENING AND CLOSING DATE OF NFO
ALLEGED LATE LISTING OF UNITS VIOLATING REGULATIONS 32 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.91,80,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ISSUING OF NEW SCHEMES FOR A PERIOD OF ONE YEAR) FROM 29-MAR-2017 TO 28-MAR-2018
29-MAR-2017
|
|
| 39 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 40 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 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 2 of 3
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