| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 841 |
|
VISTRA ITCL (INDIA) LTD.
(PAN:AAACI6832K)
|
|
|
DID NOT WINDUP SCHEME OF FUND ON EXPIRY OF TENURE/TERM
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT SUBMIT REPORT TO SEBI
|
DIRECTED TO ENSURE THAT THE SCHEME OF FUND WOUND UP BY PROVIDING EXIT TO ITS INVESTORS/UNIT HOLDERS
DIRECTED TO OBTAIN TWO SEPARATE VALUATIONS OF ALL REMAINING ASSETS OF SCHEME OF FUND FROM TWO INDEPENDENT AND/OR REGISTERED VALUERS
DIRECTED TO DETERMINE NAV OF THE SCHEME OF THE FUND BASED ON VALUATION REPORTS BY ADOPTING HIGHER OF VALUATION ARRIVED AT IN TWO VALUATION REPORTS
DIRECTED TO PROVIDE EXIT TO INVESTORS/UNIT HOLDERS FIRST BY OFFERING OPTION TO EXISTING INVESTORS/UNIT HOLDERS TO TAKE EXIT BY WAY OF IN SPECIE DISTRIBUTION OF INTEREST/RIGHTS/STAKES/SHARES, ETC. IN INVESTEE COMPANIES/PROJECTS
DIRECTED INVESTORS/UNIT HOLDERS WHO DO NOT EXERCISE THEIR OPTION FOR IN SPECIE DISTRIBUTION, TO BE GIVEN EXIT ON BASIS OF NAV DETERMINED AS PER DIRECTIONS
DIRECTED TO COMPLETE ENTIRE PROCESS OF WINDING UP OF SCHEME OF FUND AND PROVIDING EXIT TO INVESTORS/UNIT HOLDERS
DIRECTED TO FILE REPORT CERTIFIED BY CHARTERED ACCOUNTANT DECLARING THAT ALL THE INVESTORS OF SCHEME HAVE BEEN PROVIDED EXIT AND SCHEME OF FUND STANDS WOUND UP AND REPORT TO BE FILED WITHIN THREE WEEKS AFTER COMPLETION OF THE EXIT AND REPAYMENT TO INVESTORS/UNIT HOLDERS OF SCHEME
DIRECTED NOT TO TAKE NEW ASSIGNMENTS AS TRUSTEE OF ALTERNATIVE INVESTMENT FUND OF ANY CATEGORY FROM 24-MAY-2023 TO 23-JUL-2023
24-APR-2023
|
SAT: SAT VIDE ITS ORDER DATED 05/07/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED THE DIRECTIONS GIVEN IN PARAGRAPH 53 (V, VI, VII AND VIII)
SAT: SAT VIDE ITS ORDER DATED 05/09/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 19/12/2023 CONDONED THE DELAY IN FILING OF APPEAL AND REPLY TAKEN ON RECORD
|
| 842 |
|
|
VITAL COMMUNICATIONS LTD.
(CIN:L74899DL1995PLC065076
PAN:AAACV2016L)
|
|
|
|
KALPANA
PAN:ECQPK2166H
DIN:07586724
|
|
|
MANOJ KUMAR
DIN:00906104
PAN:AHZPK9844N
|
|
|
ROOP SINGH
PAN:FLTPS0737M
DIN:07304997
|
|
|
SHYAM SUNDER SABHARWAL
DIN:01912767
PAN:ATPPS2548R
|
|
DID NOT PROVIDE RELEVANT INFORMATION TO SEBI IN RESPONSE TO SUMMONS ISSUED IN MATTER OF VITAL COMMUNICATIONS LTD.
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-AUG-2018
|
|
| 843 |
|
|
VYNEX CHEMICAL ENGINEERING (BOMBAY) PVT.LTD.
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.75,00,000
09-AUG-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.15,000 FROM RS.75,00,000
|
| 844 |
|
|
VYNEX CHEMICAL ENGINEERING (BOMBAY) PVT.LTD.
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ROOFIT INDUSTRIES LTD.
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT PROVIDE INFORMATION TO SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 09-JAN-2007 TO 08-JUL-2007
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-JAN-2007 TO 08-JUL-2007
09-JAN-2007
|
|
| 845 |
|
|
WADA ARUN ASBESTOS CEMENTS LTD.
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.75,00,000
09-AUG-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.15,000 FROM RS.75,00,000
|
| 846 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 847 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
ACTED IN CONCERT WITH PROMOTERS/PERSONS ACTING IN CONCERT/ASSOCIATED ENTITIES TO CREATE ARTIFICIAL MARKET/PRICE RISE IN SCRIP OF COMPANY
DELAYED INVESTIGATIONS BY SUBMITTING WRONG INFORMATION REGARDING DISTRIBUTION OF SHAREHOLDING AND BY NOT SUBMITTING INFORMATION RELATED TO TRANSFER OF SHARES AND LIST OF SHAREHOLDERS TO BSE
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
CONSIDERABLE DELAY IN DEMATERIALIZATION OF SHARES HELD BY PUBLIC SHAREHOLDERS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 848 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
SAT: IMPUGNED ORDER SET ASIDE LEAVING PARTIES TO BEAR OWN COSTS
|
| 849 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
SAT: IMPUGNED ORDER SET ASIDE LEAVING PARTIES TO BEAR OWN COSTS
|
| 850 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 851 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 852 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 853 |
|
|
WARNER MULTIMEDIA LTD.
(CIN:L92100WB1983PLC036338
PAN:AABCC0225H)
(Along with : MUMBADEVI FINANCE & INVESTMENT CO.PVT.LTD.)
|
|
|
|
ARUN GOYAL
|
|
|
GAJE SINGH CHAHL
|
|
|
GOVARDHAN JAIN
|
|
|
JAGADISH PRASAD PUROHIT
|
|
|
KAILASH PRASAD PUROHIT
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF WARNER MULTIMEDIA LTD.
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006 TO 31-JAN-2009
01-FEB-2006
|
|
| 854 |
|
|
WASHINGTON SOFTWARES LTD.
|
|
|
ALLEGED NOT RESPONDING TO LETTERS/SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.1,00,000
31-MAR-2008
|
|
| 855 |
|
|
WATERGATE MERCANTILE CO.PVT.LTD.
(CIN:U51909MH2005PTC156077)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS IN SCRIP OF BANK OF RAJASTHAN LTD.
DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF BANK OF RAJASTHAN LTD.
|
IMPOSED PENALTY RS.8,00,000
14-FEB-2013
|
SAT: SAT VIDE ITS ORDER DATED 11/02/2014 UPHELD PENALTY IMPOSED UNDER SECTIONS 15HA, 15A (A) AND 15H(II) OF SEBI ACT.
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 23/03/2017 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 16/10/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.18,17,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 856 |
|
|
WATTKINS COMMERCE PVT.LTD.
(PAN:AAACW2298K)
|
|
|
DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF PG ELECTROPLAST LTD.
|
IMPOSED PENALTY RS.1,00,000
02-AUG-2017
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 857 |
|
|
WEALTHIT GLOBAL
(PAN:CXGPM4395H)
|
|
|
|
MOHIT MANGHNANI
PAN:CXGPM4395H
|
|
DID NOT PROVIDE INFORMATION TO SEBI
DID NOT SUBMIT MATERIAL INFORMATION TO SEBI
DID NOT RENEW NISM REGISTRATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 23-JAN-2023 TO 22-JAN-2028
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 23-JAN-2023 TO 22-JAN-2028
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 23-JAN-2023 TO 22-JAN-2028
IMPOSED PENALTY RS.30,00,000 ALONG WITH OTHER ENTITIES/PERSONS
23-JAN-2023
|
|
| 858 |
|
|
WEALTHIT GLOBAL
(PAN:CXGPM4395H)
|
|
|
|
MOHIT MANGHNANI
PAN:CXGPM4395H
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT RENEW NISM REGISTRATION
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT REDRESS INVESTOR COMPLAINTS
|
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-OCT-2023 TO 19-OCT-2028
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-OCT-2023 TO 19-OCT-2028
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 20-OCT-2023 TO 19-OCT-2028
IMPOSED PENALTY RS.30,00,000 ALONG WITH OTHER ENTITIES/PERSONS
20-OCT-2023
|
SEBI VIDE ITS NOTICE DATED 05/02/2025 DIRECTED TO PAY RS.35,11,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 05/02/2025 DIRECTED TO PAY RS.8,54,24,836.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 04/03/2025 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 02/05/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.36,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 02/05/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.87,615,191.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 26/05/2025 CANCELLED RECOVERY CERTIFICATE NO.8605 DATED 05/02/2025
|
| 859 |
|
|
WEALTHMAX SOLUTION INVESTMENT ADVISER
(PAN:ATCPJ2297H)
|
|
|
|
PIYUSH JAIN
PAN:ATCPJ2297H
|
|
DID NOT INFORM REGARDING CHANGE OF REGISTERED OFFICE
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
DID NOT POSSESS NISM CERTIFICATE
DID NOT EXECUTE AGREEMENT WITH CLIENTS
DID NOT MAINTAIN BASIC DETAILS, RECORDS AND DISCREPANCIES I.E.COPY OF AGREEMENT, KYC DOCUMENTS, INVOICES, RISK PROFILING, EMAIL COMMUNICATION AND CALL RECORDING ETC.
DID NOT CO-OPERATE AND SUBMITTED INSUFFICIENT/INCOMPLETE RESPONSE TO POST INSPECTION QUESTIONNAIRE
DID NOT FURNISH NET WORTH CERTIFICATE TO INSPECTION TEAM
|
IMPOSED PENALTY RS.7,00,000 ALONG WITH OTHER ENTITIES/PERSONS
13-MAR-2024
|
SEBI VIDE ITS NOTICE DATED 06/05/2024 DIRECTED TO PAY RS.7,22,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 24/07/2024 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 15/09/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.7,95,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEES TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| 860 |
|
|
WEALTHMAX SOLUTION INVESTMENT ADVISER
(PAN:ATCPJ2297H)
|
|
|
|
PIYUSH JAIN
PAN:ATCPJ2297H
|
|
DID NOT INFORM REGARDING CHANGE OF REGISTERED OFFICE
RECEIVED FEES WITHOUT EXECUTING ANY AGREEMENT WITH CLIENTS
DID NOT MAINTAIN BASIC DETAILS, RECORDS AND DISCREPANCIES I.E.COPY OF AGREEMENT, KYC DOCUMENTS, INVOICES, RISK PROFILING, EMAIL COMMUNICATION AND CALL RECORDING ETC.
DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
23-OCT-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 43 of 44
|
