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 : 28-AUG-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: FAILED TO REDRESS INVESTOR/CREDITORS COMPLAINTS

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

521

VISHNU PARSU BASAN

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SOUNDCRAFT INDUSTRIES LTD.

DID NOT REDRESS INVESTOR COMPLAINTS REGARDING NON-RECEIPT OF SHARE CERTIFICATES

IMPOSED PENALTY RS.1,00,00,000

31-MAR-2006

INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

522

VISHNU PRAKASH RATHORE

(PAN:AIIPR6196C)

(Along with : ARPAN SARKAR,

JAYKISHAN KIKANI)

ESSEL FINANCE ADVISORS & MANAGERS LLP

PAN:AABTI0088B

DID NOT WIND UP THE SCHEME EVEN AFTER COMPLETION OF EXTENDED TENURE AND CONTINUING THE SCHEME BEYOND PERMISSIBLE EXTENSIONS OF TWO YEARS

DID NOT MAKE DISCLOSURE OF PENDING MATTER WITH INCOME TAX DEPARTMENT

DID NOT MAKE DISCLOSURE OF DISCIPLINARY ACTION HISTORY AGAINST TRUSTEE OF THE FUND

PROVIDED VALUATION OF ASSETS INSTEAD OF SECURITIES HELD BY FUND

DID NOT OBTAIN REGISTRATION FROM FIU-IND

DID NOT COMMUNICATE DETAILS OF PRINCIPAL OFFICER AND DESIGNATED DIRECTOR

DID NOT MAKE DISCLOSURE OF INVESTOR CHARTER TO INVESTORS

DELAY IN FILING PRIVATE PLACEMENT MEMORANDUM (PPM) AUDIT REPORT

DID NOT ENSURE THAT PRIVATE PLACEMENT MEMORANDUM WAS IN SPECIFIED FORMAT

DID NOT MAKE DISCLOSURE OF DISTRIBUTION WATERFALL

DELAY IN APPOINTMENT OF BENCHMARKING AGENCY

DID NOT PROVIDE NECESSARY INFORMATION TO BENCHMARKING

DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME

IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS

20-JUN-2025

SAT: SAT VIDE ITS ORDER DATED 04/08/2025 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER.

SAT: SAT VIDE ITS ORDER DATED 04/08/2025 ALLOWED EXEMPTION APPLICATION

523

VISHWAJIT B.DAHANUKAR

INDO BIOTECH HERBAL REMEDIES LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 10-OCT-2003 TO 09-OCT-2008

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 10-OCT-2003 TO 09-OCT-2008

10-OCT-2003

SAT: IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS

524

VISHWAJIT B.DAHANUKAR

INDO BIOTECH HERBAL REMEDIES LTD.

DID NOT RESPOND TO SHOW CAUSE NOTICE REGARDING REDRESSAL OF INVESTORS GRIEVANCES