SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 11-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: VIOLATED SEBI (PFUTP) REGULATIONS, 1995

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

481

VIRENDRA DUDHNATH SINGH

(PAN:AAVPS0709B)

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INVENTURE GROWTH & SECURITIES LTD.

PAN:AAACI2044K

DID NOT MAKE CORRECT DISCLOSURE OF BRIDGE LOAN AND ACCEPTANCE OF DEPOSITS IN IPO PROSPECTUS VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1) AND 4(2)(K) & (R) OF PFUTP REGULATIONS, 2003 IN MATTER OF INVENTURE GROWTH & SECURITIES LTD.

DID NOT MAKE CORRECT DISCLOSURE OF BRIDGE LOAN AND ACCEPTANCE OF DEPOSITS IN IPO PROSPECTUS VIOLATING REGULATION 57(1) AND 57(2) READ WITH CLAUSE 2(VII)(G) AND (XVI)(B)(2) OF PART A OF SCHEDULE VIII OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INVENTURE GROWTH & SECURITIES LTD.

IMPOSED PENALTY RS.15,00,000

30-AUG-2019

482

VIRENDRA DUDHNATH SINGH

(PAN:AAVPS0709B)

INVENTURE GROWTH & SECURITIES LTD.

PAN:AAACI2044K

DID NOT MAKE CORRECT DISCLOSURE OF BRIDGE LOAN AND ACCEPTANCE OF DEPOSITS IN IPO PROSPECTUS VIOLATING REGULATION 57(1) AND 57(2) READ WITH CLAUSE 2(VII)(G) AND (XVI)(B)(2) OF PART A OF SCHEDULE VIII OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INVENTURE GROWTH & SECURITIES LTD.

DID NOT MAKE CORRECT DISCLOSURE OF BRIDGE LOAN AND ACCEPTANCE OF DEPOSITS IN IPO PROSPECTUS VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1) AND 4(2)(K) & (R) OF PFUTP REGULATIONS, 2003 IN MATTER OF INVENTURE GROWTH & SECURITIES LTD.

RESTRAINED FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC FROM 01-JAN-2019 TO 31-DEC-2022

06-AUG-2018

SAT: SAT VIDE ITS ORDER DATED 10/10/2019 PARTLY ALLOWED THE APPEAL BY LIMITING RESTRICTIONS ON ASSOCIATING AS DIRECTORS OR KMPS ETC HOLDING ANY FRESH POSITION IN SUCH CAPACITY FOR THREE YEARS FROM 01/01/2019

SAT: SAT VIDE ITS ORDER DATED 06/02/2020 DISMISSED REVIEW APPLICATION

483

VISHAL S.SHAH

(PAN:AJWPS2689A)

SAWACA BUSINESS MACHINES LTD.

SAWACA COMMUNICATION LTD.

CIN:L64201GJ1995PLC024912

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

PROSECUTION LAUNCHED

15-MAY-2006

THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.4,64,954.00

484

VISHAL SHAH

(PAN:AALPS6882P)

TREE HOUSE EDUCATION & ACCESSORIES LTD.

PAN:AACCT4932H

INDULGED IN MANIPULATION IN BOOKS OF ACCOUNTS, MISREPRESENTATION OF FINANCILAS AND/OR BUSINESS OPERATIONS AND WRONGFUL DIVERSIONS/SIPHONING OF FUNDES FROM THE F.Y.2011-12 IN MATTER OF TREE HOUSE EDUCATION & ACCESSORIES LTD.

INDULGED IN MANIPULATION IN BOOKS OF ACCOUNTS, MISREPRESENTATION OF FINANCILAS AND/OR BUSINESS OPERATIONS AND WRONGFUL DIVERSIONS/SIPHONING OF FUNDES FROM THE F.Y.2011-12 VIOLATING REGULATION 4(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF TREE HOUSE EDUCATION & ACCESSORIES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 07-MAR-2018 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 07-MAR-2018 TILL FURTHER ORDERS

DIRECTED NSE TO APPOINT INDEPENDENT AUDITOR/AUDIT FIRM TO CONDUCT DETAILED FORENSIC AUDIT OF BOOKS OF ACCOUNTS OF TREE HOUSE FOR F.Y.2011-12 ONWARDS

07-MAR-2018

SEBI VIDE ITS ORDER DATED 16/11/2018 CONFIRMED DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 07/03/2018

SEBI VIDE ITS ORDER DATED 28/07/2022 VACATED ITS AD INTERIM EX-PARTE ORDER DATED 07/03/2018 AND CONFIRMATORY ORDER DATED 16/11/2018

485

VITHAL PATIL

ADAM COMSOF LTD.

ADSUL TRADING PVT.LTD.

CAVALIER SECURITIES LIMITED

PAN:AAACC6370Q

KOLAR SHAREX PVT.LTD.

PAN:AAACK6474D

MASTERMIND MERCANTILE CO-OP.LTD.

MILLION INVESTRADE LTD.

SANGAM INFOTECH PVT.LTD.

PAN:AAGCS2995F

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SEBI TAKEOVER CODE, 1997