| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
GREEN LANDS IMPACT FUND
(PAN:AADTG4594N)
|
|
|
ALLEGED MISREPORTING OF SUBMISSION OF QUARTERLY REPORT
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.62,88,750 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
06-MAR-2025
|
|
| 42 |
|
|
GSF MANAGERS LLP
|
|
|
DID NOT FILE QUARTERLY REPORTS TO SEBI
|
IMPOSED PENALTY RS.1,00,000
30-SEP-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/02/2023 DIRECTED TO FILE SUPPLEMENTARY AFFIDAVIT WITHIN A WEEK FOR SHOWING PROOF OF FILING OF SETTLEMENT APPLICATION BEFORE COMPETENT AUTHORITY
SAT: SAT VIDE ITS ORDER DATED 28/02/2023 CONDONED THE DELAY IN FILING OF APPEAL. QUASHED IMPUGNED ORDER DATED 30/09/2022. MATTER REMITTED TO SEBI TO CONSIDER SETTLEMENT APPLICATION AND PASS APPROPRIATE ORDER IN ACCORDANCE WITH LAW
|
| 43 |
|
|
GSF MANAGERS LLP
|
|
|
ALLEGED VIOLATION OF REGULATION 24(B) READ WITH REGULATION 28 OF SEBI (ALTERNATE INVESTMENT FUNDS) REGULATIONS, 2012 ALONG WITH SEBI CIRCULAR NOS. CIR/IMD/DF/10/2013 DATED 29/07/2013 AND SEBI/HO/IMD/DF1/CIR/P/2017/87 DATED 31/07/2017
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.11,15,400 VIDE CONSENT ORDER)
23-JAN-2024
|
|
| 44 |
|
|
GSF VENTURE CAPITAL FUND
|
|
|
ALLEGED FAILURE IN FILING OF QUARTERLY REPORTS TO SEBIVIOLATING REGULATION 28OF SEBI (ALTERNATE INVESTMENT FUNDS) REGULATIONS, 2012 ALONG WITH SEBI CIRCULARS NO. CIR/IMD/DF/10/2013 DATED 29/07/2013 AND SEBI/HO/IMD/DF1/CIR/P/2017/87 DATED 31/07/2017
ALLEGED FAILURE IN FILING OF QUARTERLY REPORTS TO SEBI VIOLATING SECTION 12(3) OF SEBI ACT, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,13,600 VIDE CONSENT ORDER)
25-JAN-2024
|
|
| 45 |
|
|
HBJ CAPITAL SERVICES PVT.LTD.
(CIN:U65999KA2010PTC052350
PAN:AACCH3450L)
|
|
|
|
ABHISHEK KUMAR SINGH
PAN:BGJPS4452C
|
|
|
AMRITA SINGH
PAN:BDPPS4879G
|
|
|
ARUNMOZHI GOPALAN
PAN:AIJPA0575F
|
|
|
JITENDRA KUMAR
PAN:AVVPJ1321K
|
|
|
KUMAR HARENDRA
PAN:AJSPK3749B
|
|
|
PONNURAJ GOKULRAJ
PAN:AOWPG7071H
DIN:06716876
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
ACTED AS AN ALTERNATIVE INVESTMENT FUNDS WITHOUT SEBI REGISTRATION
|
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS , KEPT IN BANK ACCOUNT (S) AND / OR IN THE CUSTODY OF HBJ CAPITAL OR ITS DIRECTORS AND HBJ CAPITAL LLP AND ITS DISIGNATED PARTNERS
DIRECTED TO CEASE & DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO FURNISH DETAILS OF VARIOUS SERVICES OFFERED BY COMPANY / LLP
DIRECTED TO FURNISH DETAILS OF PRESENT ASSET UNDER MANAGEMENT (AUM) OF EACH OF SERVICES OFFERED BY HBJ CAPITAL LLP FROM DATE OF INITATION
DIRECTED TO FURNISH BREAK UP OF AUM UNDER VARIOUS ASSET CLASSES
DIRECTED TO FURNISH DETAILS OF CLIENTS AVAILING VARIOUS SCHEMES OFFERED BY THEM, SUCH AS NAMES, JOINING DATE, NAME OF SCHEME, END DATE AND KYC PARTICULARS ETC.
DIRECTED TO FURNISH CLIENT-WISE DETAILS OF FUNDS MOBILIZED
DIRECTED TO FURNISH OF DEMAT ACCOUNTS STATEMENTS
DIRECTED TO FURNISH COPIES OF LLP AGREEMENTS
DIRECTED TO PROVIDE PAN NO.AND/OR DIN OF DIRECTORS
15-JUN-2015
|
SEBI VIDE ITS ORDER DATED 07/01/2020 DIRECTED TO A) REFUND THE MONEY COLLECTED FROM CLIENTS IN THE FORM OF FEES WITHIN THREE MONTHS FROM DATE OF THIS ORDER THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PRODUCE PEER REVIEWED CHARTERED ACCOUNTANT’S CERTIFICATE, FOR REPAYMENTS CLAIMED TO MADE BY THE COMPANY, CERTIFYING REPAYMENT ON VERIFICATION OF ACKNOWLEDGMENT OF RECEIPT OF PAYMENT FROM THE INVESTORS WITH ORIGINAL DOCUMENT OF PROOF OF IDENTITY, ADDRESS AND SIGNATURE ISSUED BY STATE/CENTRAL GOVERNMENT TO THE INVESTOR BEARING HIS SIGNATURE, CORRESPONDING DEBIT FROM THE BANK ACCOUNT OF COMPANY AND A STATEMENT IN CHARTERED ACCOUNTANT’S CERTIFICATE ENCLOSING COPIES OF VERIFIED DOCUMENTS
|
| 46 |
|
|
HBJ CAPITAL VENTURES LLP
(PAN:AAFFH9963E)
|
|
|
|
AMRITA SINGH
PAN:BDPPS4879G
|
|
|
KUMAR HARENDRA
PAN:AJSPK3749B
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
ACTED AS AN ALTERNATIVE INVESTMENT FUNDS WITHOUT SEBI REGISTRATION
|
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS , KEPT IN BANK ACCOUNT (S) AND / OR IN THE CUSTODY OF HBJ CAPITAL OR ITS DIRECTORS AND HBJ CAPITAL LLP AND ITS DISIGNATED PARTNERS
DIRECTED TO CEASE & DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 15-JUN-2015 TILL FURTHER ORDERS
DIRECTED TO FURNISH DETAILS OF VARIOUS SERVICES OFFERED BY COMPANY / LLP
DIRECTED TO FURNISH DETAILS OF PRESENT ASSET UNDER MANAGEMENT (AUM) OF EACH OF SERVICES OFFERED BY HBJ CAPITAL LLP FROM DATE OF INITATION
DIRECTED TO FURNISH BREAK UP OF AUM UNDER VARIOUS ASSET CLASSES
DIRECTED TO FURNISH DETAILS OF CLIENTS AVAILING VARIOUS SCHEMES OFFERED BY THEM, SUCH AS NAMES, JOINING DATE, NAME OF SCHEME, END DATE AND KYC PARTICULARS ETC.
DIRECTED TO FURNISH CLIENT-WISE DETAILS OF FUNDS MOBILIZED
DIRECTED TO FURNISH OF DEMAT ACCOUNTS STATEMENTS
DIRECTED TO FURNISH COPIES OF LLP AGREEMENTS
DIRECTED TO PROVIDE PAN NO.AND/OR DIN OF DIRECTORS
15-JUN-2015
|
SEBI VIDE ITS ORDER DATED 07/01/2020 DIRECTED TO A) REFUND THE MONEY COLLECTED FROM INVESTORS/PERTNERS ALONG WITH PROMISED RETURN IF ANY, WITHIN THREE MONTHS FROM DATE OF THIS ORDER THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PRODUCE PEER REVIEWED CHARTERED ACCOUNTANT’S CERTIFICATE, FOR REPAYMENTS CLAIMED TO MADE BY THE COMPANY, CERTIFYING REPAYMENT ON VERIFICATION OF ACKNOWLEDGMENT OF RECEIPT OF PAYMENT FROM ITS PARTNERS WITH ORIGINAL DOCUMENT OF PROOF OF IDENTITY, ADDRESS AND SIGNATURE ISSUED BY STATE/CENTRAL GOVERNMENT TO PARTNER BEARING HIS SIGNATURE, CORRESPONDING DEBIT FROM THE BANK ACCOUNT OF COMPANY AND STATEMENT IN CHARTERED ACCOUNTANT’S CERTIFICATE ENCLOSING COPIES OF VERIFIED DOCUMENTS
|
| 47 |
|
|
IDBI TRUSTEESHIP SERVICES LTD.
(PAN:AAACI8912J)
|
|
|
DID NOT ENSURE PROPER CARE AND EXERCISE DUE DILIGENCE AND INDEPENDENT PROFESSIONAL JUDGMENT IN CARRYING OUT ITS ROLES VIOLATING CLAUSE 3(D) OF CODE OF CONDUCT READ WITH REGULATIONS 20(1) AND 20(2) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INDIA INFRASTRUCTURE FUND II
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
DIRECTED TO MODIFY TERMS OF ITS TRUST DEED WHICH ARE INCONSISTENT WITH PROVISIONS OF ALTERNATE INVESTMENT FUNDS REGULATIONS AND CIRCULARS ISSUED THEREUNDER AND SUBMIT DULY MODIFIED TRUST DEED TO SEBI, ALTERNATIVE INVESTMENT FUND AND FOREIGN PORTFOLIO INVESTORS DEPARTMENT
31-MAY-2023
|
|
| 48 |
|
|
IDBI TRUSTEESHIP SERVICES LTD.
(PAN:AAACI8912J)
|
|
|
ALLEGED DELAY IN LIQUIDATION AND DISTRIBUTION OF ASSETS OF THE FUND VIOLATING REGULATIONS 13(5) AND 29(7) READ WITH 20(1) AND 20(5) AND CLAUSES 2(A), 2(C) AND 3(B) OF CODE OF CONDUCT SPECIFIED IN FOURTH SCHEDULE OF (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INVESTCORP REAL ESTATE YIELD FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
07-MAR-2025
|
|
| 49 |
|
|
INDGROWTH CAPITAL ADVISORS LLP
|
|
|
EXCEEDED LIMIT OF 10% BY INVESTING INR 44.99 CRORE OF ITS INVESTABLE FUNDS I.E. MORE THAN INR 43.41 CRORE IN URGO CAPITAL AND REPORTED INCORRECT AMOUNT OF INVESTABLE FUND TO SEBI VIOLATING REGULATION 15(1)(D) READ WITH REGULATION 20(5) AND 24(B) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 READ WITH SEBI CIRCULAR NO.CIR/MD/DF/10/2013 DATED 29/07/2013 READ WITH SEBI CIRCULAR NO SEBI/HO/IMD/DF1/CIR/P/2017/87 DATED 31/07/2017 IN MATTER OF INDGROWTH CAPITAL FUND I
|
IMPOSED PENALTY RS.10,00,000
27-JUN-2022
|
|
| 50 |
|
|
INDIA ASSET GROWTH FUND
(PAN:AADTA8272H)
|
|
|
|
ARPAN SARKAR
PAN:BLMPS9641B
|
|
|
JAYKISHAN KIKANI
PAN:CCDPK1654H
|
|
|
VISHNU PRAKASH RATHORE
PAN:AIIPR6196C
|
|
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.11,00,000
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
SAT: SAT VIDE ITS ORDER DATED 18/08/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 51 |
|
|
INDIA ASSET GROWTH FUND II
(PAN:AAFTA1518A)
|
|
|
DID NOT ENSURE DRAWDOWN OF FULL COMMITTED AMOUNT FROM INVESTORS AND DID NOT TAKE ANY ACTION AGAINST SELECTED CLASS OF INVESTORS INCLUDING SPONSOR AND MANAGER AS PER PRIVATE PLACEMENT MEMORANDUM RESULT
INVESTED MORE THAN 25% OF INVESTIBLE FUNDS IN A SINGLE INVESTEE COMPANY
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 SUBMITTING PRIVATE PLACEMENT MEMORANDUM REPORT TO SEBI
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
|
IMPOSED PENALTY RS.12,00,000
03-JUL-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: SAT VIDE ITS ORDER DATED 04/08/2025 ALLOWED EXEMPTION APPLICATION
SAT: SAT VIDE ITS ORDER DATED 18/08/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 52 |
|
|
INDIA INFRASTRUCTURE FUND II
(PAN:AABTI0624H)
|
|
|
PLEDGED SECURITIES OF PORTFOLIO COMPANIES FOR LOANS AVAILED OF BY PORTFOLIO COMPANIES ENGAGED IN LEVERAGE VIOLATING REGULATIONS 16(1)(C) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INDIA INFRASTRUCTURE FUND II
DID NOT OPERATE AND MANAGE IN THE INTEREST OF INVESTORS VIOLATING CLAUSE 1(B) OF CODE OF CONDUCT READ WITH REGULATION 20(1) OF SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INDIA INFRASTRUCTURE FUND II
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
DIRECTED TO MODIFY TERMS OF ITS TRUST DEED WHICH ARE INCONSISTENT WITH PROVISIONS OF ALTERNATE INVESTMENT FUNDS REGULATIONS AND CIRCULARS ISSUED THEREUNDER AND SUBMIT DULY MODIFIED TRUST DEED TO SEBI, ALTERNATIVE INVESTMENT FUND AND FOREIGN PORTFOLIO INVESTORS DEPARTMENT
31-MAY-2023
|
|
| 53 |
|
|
INDIA QUOTIENT ADVISERS LLP
(PAN:AADFI8263Q)
|
|
|
DID NOT MAINTAIN CONTINUING INTEREST OF SPONSOR OF RS.2.5 CRORE IN IQ OPPORTUNITIES FUND
DID NOT OBTAIN PRIOR APPROVAL FROM 75% OF INVESTORS BEFORE MAKING INVESTMENTS IN ASSOCIATE FCL
|
IMPOSED PENALTY RS.2,50,000
28-DEC-2022
|
|
| 54 |
|
|
INDIABULLS AIF
(Along with : INDIABULLS REAL ESTATE FUND,
INDIABULLS DUAL ADVANTAGE REAL ASSET FUND,
INDIABULLS ASSET MANAGEMENT CO.LTD.)
|
|
|
|
AMBAR MAHESHWARI
PAN:ACGPM4843F
|
|
|
AMIT JAIN
PAN:AEZPJ4052Q
|
|
|
PARTH MURIA
PAN:AYPPM1958C
|
|
ALLEGED TO PLEDGE INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME ASSETS FOR A LOAN TAKEN BY INVESTEE COMPANY
ALLEGED FAILURE TO DRAWDOWN EQUAL PERCENTAGE OF COMMITMENT ACROSS ALL CLASSES OF UNITS FOR INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE TO ADHERE CONCENTRATION LIMITS IN INVESTEE COMPANY IN CASE OF BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE IN ENSURING PROPER VALUATION FREQUENCY OF INVESTMENTS FOR BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND
ALLEGED MISREPRESENTATION OF FINANCIAL INFORMATION AND DISCLOSED INACCURATE FINANCIAL INFORMATION RELATED TO VALUATION OF INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME TO INVESTORS
ALLEGED FAILURE TO COMPLY WITH DEFICIENCY LETTER DATED 12/05/2017 ISSUED POST INSPECTION HELD IN FY 2015 ADVISING FUND TO CONDUCT VALUATION OF ITS SECURITIES BI-ANNUALLY
ALLEGED FAILURE IN SUBMITTING INACCURATE INFORMATION IN CTR FILED WITH TRUSTEE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,43,32,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-SEP-2025
|
|
| 55 |
|
|
INDIABULLS ASSET MANAGEMENT CO.LTD.
(PAN:AABCI9149Q)
(Along with : INDIABULLS AIF,
INDIABULLS REAL ESTATE FUND,
INDIABULLS DUAL ADVANTAGE REAL ASSET FUND)
|
|
|
|
AMBAR MAHESHWARI
PAN:ACGPM4843F
|
|
|
AMIT JAIN
PAN:AEZPJ4052Q
|
|
|
PARTH MURIA
PAN:AYPPM1958C
|
|
ALLEGED TO PLEDGE INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME ASSETS FOR A LOAN TAKEN BY INVESTEE COMPANY
ALLEGED FAILURE TO DRAWDOWN EQUAL PERCENTAGE OF COMMITMENT ACROSS ALL CLASSES OF UNITS FOR INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE TO ADHERE CONCENTRATION LIMITS IN INVESTEE COMPANY IN CASE OF BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE IN ENSURING PROPER VALUATION FREQUENCY OF INVESTMENTS FOR BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND
ALLEGED MISREPRESENTATION OF FINANCIAL INFORMATION AND DISCLOSED INACCURATE FINANCIAL INFORMATION RELATED TO VALUATION OF INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME TO INVESTORS
ALLEGED FAILURE TO COMPLY WITH DEFICIENCY LETTER DATED 12/05/2017 ISSUED POST INSPECTION HELD IN FY 2015 ADVISING FUND TO CONDUCT VALUATION OF ITS SECURITIES BI-ANNUALLY
ALLEGED FAILURE IN SUBMITTING INACCURATE INFORMATION IN CTR FILED WITH TRUSTEE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,43,32,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-SEP-2025
|
|
| 56 |
|
|
INDIABULLS DUAL ADVANTAGE REAL ASSET FUND
(PAN:AABTI6928A)
(Along with : INDIABULLS AIF,
INDIABULLS REAL ESTATE FUND,
INDIABULLS ASSET MANAGEMENT CO.LTD.)
|
|
|
|
AMBAR MAHESHWARI
PAN:ACGPM4843F
|
|
|
AMIT JAIN
PAN:AEZPJ4052Q
|
|
|
PARTH MURIA
PAN:AYPPM1958C
|
|
ALLEGED TO PLEDGE INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME ASSETS FOR A LOAN TAKEN BY INVESTEE COMPANY
ALLEGED FAILURE TO DRAWDOWN EQUAL PERCENTAGE OF COMMITMENT ACROSS ALL CLASSES OF UNITS FOR INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE TO ADHERE CONCENTRATION LIMITS IN INVESTEE COMPANY IN CASE OF BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE IN ENSURING PROPER VALUATION FREQUENCY OF INVESTMENTS FOR BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND
ALLEGED MISREPRESENTATION OF FINANCIAL INFORMATION AND DISCLOSED INACCURATE FINANCIAL INFORMATION RELATED TO VALUATION OF INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME TO INVESTORS
ALLEGED FAILURE TO COMPLY WITH DEFICIENCY LETTER DATED 12/05/2017 ISSUED POST INSPECTION HELD IN FY 2015 ADVISING FUND TO CONDUCT VALUATION OF ITS SECURITIES BI-ANNUALLY
ALLEGED FAILURE IN SUBMITTING INACCURATE INFORMATION IN CTR FILED WITH TRUSTEE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,43,32,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-SEP-2025
|
|
| 57 |
|
|
INDIABULLS REAL ESTATE FUND
(PAN:AABTI2027E)
(Along with : INDIABULLS AIF,
INDIABULLS DUAL ADVANTAGE REAL ASSET FUND,
INDIABULLS ASSET MANAGEMENT CO.LTD.)
|
|
|
|
AMBAR MAHESHWARI
PAN:ACGPM4843F
|
|
|
AMIT JAIN
PAN:AEZPJ4052Q
|
|
|
PARTH MURIA
PAN:AYPPM1958C
|
|
ALLEGED TO PLEDGE INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME ASSETS FOR A LOAN TAKEN BY INVESTEE COMPANY
ALLEGED FAILURE TO DRAWDOWN EQUAL PERCENTAGE OF COMMITMENT ACROSS ALL CLASSES OF UNITS FOR INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE TO ADHERE CONCENTRATION LIMITS IN INVESTEE COMPANY IN CASE OF BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME
ALLEGED FAILURE IN ENSURING PROPER VALUATION FREQUENCY OF INVESTMENTS FOR BOTH SCHEMES INDIABULLS REAL ESTATE FUND (IBREF) AND INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND
ALLEGED MISREPRESENTATION OF FINANCIAL INFORMATION AND DISCLOSED INACCURATE FINANCIAL INFORMATION RELATED TO VALUATION OF INDIABULLS DUAL ADVANTAGE REAL ASSET (IBDARA) FUND SCHEME TO INVESTORS
ALLEGED FAILURE TO COMPLY WITH DEFICIENCY LETTER DATED 12/05/2017 ISSUED POST INSPECTION HELD IN FY 2015 ADVISING FUND TO CONDUCT VALUATION OF ITS SECURITIES BI-ANNUALLY
ALLEGED FAILURE IN SUBMITTING INACCURATE INFORMATION IN CTR FILED WITH TRUSTEE
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,43,32,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
17-SEP-2025
|
|
| 58 |
|
|
INVESTCORP INDIA ASSET MANAGERS PVT.LTD.
(PAN:AAFCI0227D)
|
|
|
|
AJAY KUMAR
PAN:APLPK8439D
|
|
|
GAURAV SHARMA
PAN:AYZPS1019G
|
|
|
NIRAJ SIRSALEWAL
PAN:AAJPS5097A
|
|
|
RITESH VOHRA
PAN:ABBPV4200D
|
|
ALLEGED DELAY IN LIQUIDATION AND DISTRIBUTION OF ASSETS OF THE FUND VIOLATING REGULATIONS 13(5) AND 29(7) READ WITH 20(1) AND 20(5) AND CLAUSES 2(A), 2(C) AND 3(B) OF CODE OF CONDUCT SPECIFIED IN FOURTH SCHEDULE OF (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INVESTCORP REAL ESTATE YIELD FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
07-MAR-2025
|
|
| 59 |
|
|
INVESTCORP REAL ESTATE YIELD FUND
(PAN:AABTI0798Q)
|
|
|
|
AJAY KUMAR
PAN:APLPK8439D
|
|
|
GAURAV SHARMA
PAN:AYZPS1019G
|
|
|
NIRAJ SIRSALEWAL
PAN:AAJPS5097A
|
|
|
RITESH VOHRA
PAN:ABBPV4200D
|
|
ALLEGED DELAY IN LIQUIDATION AND DISTRIBUTION OF ASSETS OF THE FUND VIOLATING REGULATIONS 13(5) AND 29(7) READ WITH 20(1) AND 20(5) AND CLAUSES 2(A), 2(C) AND 3(B) OF CODE OF CONDUCT SPECIFIED IN FOURTH SCHEDULE OF (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 IN MATTER OF INVESTCORP REAL ESTATE YIELD FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,50,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
07-MAR-2025
|
|
| 60 |
|
|
INVESTMAXIMA ADVISORS LLP
(Along with : INVESTMAXIMA TRUST)
|
|
|
DID NOT FILE QUARTERLY REPORTS TO SEBI
|
IMPOSED PENALTY RS.2,00,000
30-NOV-2022
|
SEBI VIDE ITS NOTICE DATED 05/04/2024 DIRECTED TO PAY RS.2,37,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 06/05/2024 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 25/11/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.2,50,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 6
|
