| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1061 |
|
SURAJ TRADING CORP.
(PAN:AFFPM6604L)
|
|
|
DID NOT UTILIZE IPO PROCEEDS AS PER THE OBJECTS STATED IN THE PROSPECTUS VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ASTER SILICATES LTD.. (NOW KNOWN AS SHRI ASTER SILICATES LTD.)
|
IMPOSED PENALTY RS.1,00,000
30-JUN-2022
|
SEBI VIDE ITS NOTICE DATED 19/10/2022 DIRECTED TO PAY RS.1,06,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/04/2025 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 22/12/2025 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,44,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 1062 |
|
|
SURAJ TRADING CORP.
(PAN:AFFPM6604L)
|
|
|
INDULGED IN DIVERSION OF IPO PROCEEDS VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ASTER SILICATES LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET INCLUDING BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 28-APR-2022 TO 27-APR-2027
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-APR-2022 TO 27-APR-2027
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-APR-2022 TO 27-APR-2027
28-APR-2022
|
|
| 1063 |
|
|
SURESH HEGDE & CO.
|
|
|
|
SURESH NARAYAN HEGDE
PAN:AAAPH4848P
|
|
CERTIFIED MIS-STATED FINANCIAL STATEMENTS IN SIPHONING OFF RS.64.43 CRORES (APPROX) FROM IPO PROCEEDS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS IN SIPHONING OFF RS.64.43 CRORES (APPROX) FROM IPO PROCEEDS VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF SUDAR INDUSTRIES LTD.
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2022
|
|
| 1064 |
|
|
SURINDER SINGH KALRA (HUF)
(PAN:AAQHS3875P)
|
|
|
MISUTILIZED AND MIS-APPROPRIATED IPO PROCEEDS OF RS.46.66 CRORES VIOLATING SECTION 12A(C) OF SEBI ACT, 1992 READ WITH REGULATION 3(D) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF FIVE CORE ELECTRONICES LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 31-MAY-2023 TO 30-MAY-2028
DIRECTED TO EXTEND NECESSARY CO–OPERATION TO INDEPENDENT AUDITOR/AUDIT FIRMS APPOINTED AND FURNISH ALL INFORMATION/DOCUMENTS
RESTRAINED FROM ASSOCIATING WITH ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY LISTED ENTITY OR ITS MATERIAL UNLISTED SUBSIDIARY FROM 31-MAY-2023 TO 30-MAY-2028
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS/PROPERTIES/ SECURITIES
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS
DIRECTED NSE TO APPOINT INDEPENDENT AUDITOR/AUDIT FIRM TO CONDUCT DETAILED FORENSIC AUDIT OF BOOKS OF ACCOUNTS OF COMPANY TO CONFIRM MIS-UTILIZATION OF IPO PROCEEDS
23-JUL-2020
|
SEBI VIDE ITS ORDER DATED 08/07/2021 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 23/07/2020
SEBI VIDE ITS ORDER DATED 31/05/2023 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, WHATSOEVER FOR FIVE YEARS FROM DATE OF THIS ORDER
|
| 1065 |
|
|
SUUMAYA INDUSTRIES LTD.
(PAN:AAFCR4357R)
|
|
|
|
ISHITA GALA
PAN:BFMPG9590R
|
|
|
SUMIT PAL SINGH
PAN:FJNPS6477N
|
|
|
USHIK GALA
PAN:BBNPG4050P
|
|
INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SUUMAYA INDUSTRIES LTD.
MISREPRESENTED FINANCIAL STATEMENTS AND MANIPULATED BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(2)(6)(7)(8) AND 4(2)(F)(III)(1),(3),(6),(7)(12) OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF SUUMAYA INDUSTRIES LTD.
DID NOT ADHERE TO PREPARATION OF FINANCIAL STATEMENTS AS PER ACCOUNTING STANDARD VIOLATING REGULATION 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF SUUMAYA INDUSTRIES LTD.
FURNISHED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II AND REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUUMAYA INDUSTRIES LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 24-JAN-2025 UNTIL FURTHER ORDERS
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 24-JAN-2025 UNTIL FURTHER ORDERS
24-JAN-2025
|
|
| 1066 |
|
|
SUVIDHA SECURITIES PVT.LTD.
(PAN:AAFCS7396K)
|
|
|
INDULGED IN SIPHONING OFF/DIVERSION OF RS.33.83 CRORES IN IPO PROCEEDS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF IPO OF RAVI KUMAR DISTILLERIES LTD.
|
IMPOSED PENALTY RS.5,00,000
21-AUG-2020
|
SEBI VIDE ITS NOTICE DATED 19/04/2022 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 06/05/2022 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 19/04/2022
SAT: SAT VIDE ITS ORDER DATED 08/07/2025 GRANTED TWO WEEKS TO FILE WRITTEN SUBMISSION
|
| 1067 |
|
|
SUZLON ENERGY LTD.
(PAN:AADCS0472N)
|
|
|
|
AMIT AGARWAL
PAN:AADPA3646H
|
|
|
GIRISH R.TANTI
PAN:ABFPT3310E
|
|
|
KIRTI J.VAGADIA
PAN:AAKPV2224M
|
|
|
VINOD R.TANTI
PAN:AARPT6367N
|
|
INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(2)(F) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C)(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SUZLON ENERGY LTD.
INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(1)(E) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUZLON ENERGY LTD.
FURNISHED FALSE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SUZLON ENERGY LTD.
MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING CLAUSE 41(I)(A) AND PARA V OF CLAUSE 49 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF SUZLON ENERGY LTD.
|
IMPOSED PENALTY RS.15,95,00,000
29-MAY-2026
|
SAT: SAT VIDE ITS ORDER DATED 07/08/2026 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF RS.10 CRORE IN FIXED DEPOSIT WITH A LIEN MARKED IN FAVOUR OF SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 1068 |
|
|
SV ENTERPRISES
(PAN:ACRPP5552H)
|
|
|
|
SARFARAZKHAN SARVARKHAN PATHAN
PAN:ACRPP5552H
|
|
INDULGED IN FACILITATING SUBSCRIPTION OF GDRS BY VINTAGE FZE, UAE THROUGH FINANCE OBTAINED FROM EURAM BANK, AUSTRIA FOR SUBSCRIPTION OF GDR AND ISSUER COMPANIES (ASAHI), (AVON), CAT), (IKF), (K SERA) AND (MAARS) PLEDGED GDR WITH EURAM BANK VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2)(A) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ASAHI INFRASTRUCTURE & PROJECTS LTD., AVON CORP.LTD., CAT TECHNOLOGIES LTD., IKF TECHNOLOGIES LTD., K SERA SERA LTD. AND MAARS SOFTWARE INTERNATIONAL LTD.
DID NOT SUBMIT REQUIRED INFORMATION/DOCUMENTS SOUGHT VIDE SUMMONS IN MATTER OF ASAHI INFRASTRUCTURE & PROJECTS LTD., AVON CORP.LTD., CAT TECHNOLOGIES LTD., IKF TECHNOLOGIES LTD., K SERA SERA LTD. AND MAARS SOFTWARE INTERNATIONAL LTD.
|
IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS
08-JUN-2021
|
SEBI VIDE ITS NOTICE DATED 21/07/2022 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 24/01/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.7,93,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 1069 |
|
|
SVAM SOFTWARE LTD.
(CIN:L72200DL1992PLC047327
PAN:AAACS0292B)
|
|
|
INDULGED IN PREFERENTIAL ALLOTMENT OF SHARES TO CONNECTED ENTITIES WITHOUT CONSIDERATION VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF JOLLY PLASTIC INDUSTRIES LTD.
|
IMPOSED PENALTY RS.25,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-JUL-2022
|
SEBI VIDE ITS NOTICE DATED 03/11/2022 DIRECTED TO PAY RS.26,26,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 03/11/2022 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. DIRECTED APPELLANT TO DEPOSIT 50% OF AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED THE BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 03/01/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/04/2023 CONDONED THE DELAY IN FILING OF REPLY
SEBI VIDE ITS NOTICE DATED 30/05/2023 CANCELLED RECOVERY CERTIFICATE AS PER SAT ORDER DATED 19/05/2023
SAT: SAT VIDE ITS ORDER DATED 19/05/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 29/07/2022
|
| 1070 |
|
|
SVAM SOFTWARE LTD.
(CIN:L72200DL1992PLC047327
PAN:AAACS0292B)
|
|
|
|
HARSHWARDHAN KOSHAL
PAN:AAVPK1615L
|
|
|
MANISHA AGARWAL
PAN:ABKPA0056B
|
|
|
RAJEEV GARG
PAN:AGDPG7304E
|
|
|
SUDHIR KUMAR AGARWAL
PAN:AAOPA3900H
|
|
|
VIRENDER KUMAR GUPTA
PAN:AEXPG9500L
|
|
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SVAM VIOLATING SECTIONS 12A (A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) & (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SVAM SOFTWARE LTD.
INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF SVAM VIOLATING REGULATIONS 33(1)(C), 30(6) AND 48 OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 21 OF SCRA, 1956
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 07-OCT-2021 TO 06-OCT-2022
IMPOSED PENALTY RS.30,00,000
07-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 11/01/2022 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. IN THE MEANWHILE, DEBARMENT OF THE APPELLANTS TO REMAIN STAYED PROVIDED THEY DEPOSIT FIFTY PERCENT OF THE PENALTY AMOUNT WITHIN THREE WEEKS FROM TODAY
SAT: SAT VIDE ITS ORDER DATED 13/10/2022 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.10 LAC FROM RS.30 LAC TO BE PAID WITHIN SIX WEEKS FROM DATE OF THIS ORDER
|
| 1071 |
|
|
SYBLY INDUSTRIES LTD.
(PAN:AACCS6886M)
|
|
|
OBTAINED LOAN OF USD 6.99 MILLION BY ENTERING INTO LOAN AGREEMENT WITH EURAM BANK TO SUBSCRIBE TO GDRS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) & 4(1), 4(2)(F), 4(2)K AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
DID NOT INFORM STOCK EXCHANGE ABOUT DELISTING OF GDRS ON LUXEMBOURG STOCK EXCHANGE VIOLATING CLAUSE 36(7) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956
DID NOT ADHERE TO PROVISION OF ACCOUNTING STANDARD VIZ AS-1, AS-3 AND AS-29 VIOLATING CLAUSES 32 AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956
|
IMPOSED PENALTY RS.25,00,000
15-MAR-2019
|
SEBI VIDE ITS NOTICE DATED 02/09/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS 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
SAT: SAT VIDE ITS ORDER DATED 11/08/2021 DIRECTED APPELLANT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND RESPONDENT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 14/07/2022 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.25 LAC FROM RS.10.30 CRORE
SEBI VIDE ITS NOTICE DATED 26/08/2022 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 02/09/2019
SEBI VIDE ITS ORDER DATED 31/08/2022 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.2416 OF 2019 DATED 01/08/2019
|
| 1072 |
|
|
SYMPHONY MERCHANTS PVT.LTD.
(PAN:AADCS5411K)
|
|
|
INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
IMPOSED PENALTY RS.15,00,000
31-OCT-2022
|
SAT: SAT VIDE ITS ORDER DATED 19/01/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 16/03/2023 GRANTED RESPONDENT FURTHER TWO WEEKS TO FILE REPLIES AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 02/08/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/09/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER
|
| 1073 |
|
|
SYNCOM HEALTHCARE LTD.
(PAN:AAKCS3247G)
|
|
|
|
AJAY SHANKARLAL BANKDA
PAN:ADHPB2851J
|
|
|
AVICHAL KASLIWAL
PAN:ADQPK3720J
|
|
|
BHARAT KUMAR DOSHI
PAN:ABTPD1004A
|
|
|
GOVIND DAS PASARI
PAN:AAAHG7397A
|
|
|
JAGADISH PRASAD BAGARIA
PAN:AAEPB0276F
|
|
|
JYOTI BANKDA
PAN:ADHPB2855N
|
|
DID NOT MAKE CORRECT DISCLOSURE TO STOCK EXCHANGES ABOUT SUBSCRIPTION OF GDR ISSUE VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) & 4(1), 4(2)(F), (K) AND (R) OF PFUTP REGULATIONS, 2003, SECTION 21 OF SCRA, 1956 READ WITH CLAUSES 36(7), 32 AND 50 OF LISTING AGREEMENT IN MATTER OF SYNCOM HEALTHCARE LTD.
|
IMPOSED PENALTY RS.25,00,000
30-AUG-2019
|
SAT: SAT VIDE ITS ORDER DATED 30/04/2021 DISMISSED THE APPEAL
|
| 1074 |
|
|
SYNOPTICS TECHNOLOGIES PVT.LTD.
(PAN:AAMCS4502L)
|
|
|
|
JAGMOHAN MANILAL SHAH
PAN:ABWPS9290B
|
|
|
JANVI JATIN SHAH
PAN:AYAPS9827K
|
|
|
JATIN SHAH
PAN:AONPS5463E
|
|
DIVERTED AND MIS-UTILIZED FUNDS RAISED THROUGH INITIAL PUBLIC OFFERING (IPO) VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SYNOPTICS TECHNOLOGIES LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 06-MAY-2025 UNTIL FURTHER ORDERS
06-MAY-2025
|
SAT: SAT VIDE ITS ORDER DATED 18/06/2025 ACCEPTED THE UNDERTAKING BY THE APPELLANTS THAT SHALL ABIDE BY THE DIRECTION CONTAINED IN PARA NOS.49(A) AND STAYED IMPUGNED ORDER DATED 06/05/2025 QUA THE APPELLANT RESERVING A LIBERTY TO FILE REPLY BEFORE THE SEBI
SEBI VIDE ITS ORDER DATED 03/10/2025 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 06/05/2025
|
| 1075 |
|
|
T.M.INVESTMENTS LTD.
(PAN:AABCT0548G)
|
|
|
ALLEGED VIOLATION SECTIONS 12A(A) AND 12A(B) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B), 3(C) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
ALLEGED FAILURE IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND/OR STOCK EXCHANGES AS REQUIRED UNDER REGULATION 30(2) OF SAST REGULATIONS, 2011 IN MATTER OF BHARAT NIDHI LTD.
ALLEGED FAILURE IN MAKING DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND/OR STOCK EXCHANGE AS REQUIRED UNDER REGULATION 7(1)(A) OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF BHARAT NIDHI LTD.
ALLEGED FAILURE IN COMPLIANCE OF MINIMUM PUBLIC SHAREHOLDING NORMS VIOLATING CLAUSE 2(II) OF SEBI CIRCULAR NO.CIR/CFD/DIL/10/2010 DATED 16/12/2010 READ WITH CIRCULAR NO.CIR/CFD/CMD/14/2015 DATED 30/11/2015
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.2,24,21,300 VIDE CONSENT ORDER)
12-SEP-2022
|
SEBI VIDE ITS ORDER DATED 17/11/2025 REVOKED AND WITHDRAWN SETTLEMENT ORDER DATED 12/09/2022 QUA ALL THE NOTICEES FOR NON COMPLIANCE WITH THE TERMS OF SETTLEMENT ORDER
|
| 1076 |
|
|
TAKSHEEL SOLUTIONS LTD.
(CIN:U72200TG1999PLC032556
PAN:AAACI7325P)
|
|
|
|
DURGA DEVI KUCHANA
PAN:AVRPK4234G
|
|
|
PAVAN KUMAR KUCHANA
DIN:00912842
PAN:ATAPK6144L
|
|
|
RAMA SWAMY KUCHANA
PAN:ALIPK4206D
|
|
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RAVI KUSAM
PAN:AKCPK0569Q
|
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MADE INCORRECT AND MISLEADING STATEMENTS IN PROSPECTUS VIOLATING REGULATION 57(1) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSE 2(XVI)(B)(2) OF PART A OF SCHEDULE VIII OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF TAKSHEEL SOLUTIONS LTD.
DID NOT DISCLOSE ABOUT EXISTENCE OF INTER CORPORATE DEPOSITS (ICDS) AND MADE MISSTATEMENT ON UTILIZATION OF IPO PROCEEDS IN PROSPECTUS VIOLATING CLAUSE (2)(VII)(G) READ WITH REGULATION 57(1) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSE (IX) OF PART D OF SCHEDULE VIII READ WITH REGULATIONS 58(1), 60(4)(A) AND 60(7)(A) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF TAKSHEEL SOLUTIONS LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTION ABOUT PURCHASE OF SOFTWARE FROM VBSL IN IPO PROSPECTUS VIOLATING REGULATIONS 57(1), 58(1), 60(1), 60(4)(A) AND 60(7)(A) OF SEBI (ICDR) REGULATIONS, 2009 AND CLAUSES 2(VI) (B)(4), 2(VII)(G), 2(IX) (12) AND 2(XVI) (B)(2) OF PART A AND CLAUSE IX OF PART D OF SCHEDULE VIII READ WITH REGULATION 57(2) (A) OF SEBI (ICDR) REGULATIONS, 2009 IN MATTER OF TAKSHEEL SOLUTIONS LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTION AND MADE MISSTATEMENT IN IPO PROSPECTUS VIOLATING CLAUSES 2(VII)(B)(4) AND 2(IX)(B)(12) OF PART A OF SCHEDULE VIII READ WITH REGULATIONS 57(2)(A) OF SEBI (ICDR) REGULATIONS, 2009
INDULGED IN SIPHONING OFF IPO PROCEEDS AND MANIPULATED BOOKS OF ACCOUNTS VIOLATING SECTIONS 12(A) TO 12(C) OF SEBI ACT. 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1), 42(2)(E), (F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF TAKSHEEL SOLUTIONS LTD.
|
IMPOSED PENALTY RS.6,00,00,000
10-AUG-2021
|
|
| 1077 |
|
|
TALWALKARS BETTER VALUE FITNESS LTD.
(CIN:L92411MH2003PLC140134
PAN:AABCT8207A)
|
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE
DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY
REVENUE INFLATED BY REVALUATION OF INVESTMENTS
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY
TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH
ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.24,00,000
15-SEP-2023
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT TO FILE REPLY AND REJOINDER THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER, AS FAR AS DEPOSIT OF PENALTY IS CONCERNED, SUBJECT TO PAYMENT OF 25% PENALTY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/07/2024 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/05/2025 CONDONED THE DELAY IN FILING OF REPLY
|
| 1078 |
|
|
TALWALKARS BETTER VALUE FITNESS LTD.
(CIN:L92411MH2003PLC140134
PAN:AABCT8207A)
|
|
|
|
ANANT RATNAKAR GAWANDE
PAN:AABPG3008P
|
|
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GIRISH MADHUKAR TALWALKAR
PAN:AAAPT8175H
|
|
|
GIRISH NAYAK
PAN:ABMPN9599G
|
|
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HARSHA RAMDAS BHATKAL
PAN:AACPB3100C
|
|
|
MADHUKAR TALWALKAR
PAN:AAAPT8172A
|
|
|
PRASHANT SUDHAKAR TALWALKAR
PAN:AAAPT3528N
|
|
|
VINAYAK RATNAKAR GAWANDE
PAN:AABPG4476B
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE
DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY
REVENUE INFLATED BY REVALUATION OF INVESTMENTS
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY
TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH
ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
ISSUED FALSE AND MISLEADING CERTIFICATE UNDER REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-SEP-2023 TO 14-MAR-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
IMPOSED PENALTY RS.1,56,00,000
15-SEP-2023
|
|
| 1079 |
|
|
TALWALKARS HEALTHCLUBS LTD.
(CIN:U93090MH2016PLC280127
PAN:AAFCT7279N)
|
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INAPPROPRIATE REVALUATION OF INVESTMENTS FOR INFLATION OF REVENUE
UNJUSTIFIED INVESTMENTS IN ENTITIES WITH LOW NET WORTH AND NON-PROVISION
OF IMPAIRMENT LOSSES
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO4 (1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS HEALTHCARE LTD.
DID NOT ADHERE TO ACCOUNTING STANDARD VIOLATING REGULATION 48 OF SEBI (LODR) REGULATIONS, 2015
|
IMPOSED PENALTY RS.12,00,000
15-SEP-2023
|
|
| 1080 |
|
|
TALWALKARS HEALTHCLUBS LTD.
(CIN:U93090MH2016PLC280127
PAN:AAFCT7279N)
|
|
|
|
ANANT RATNAKAR GAWANDE
PAN:AABPG3008P
|
|
|
GIRISH MADHUKAR TALWALKAR
PAN:AAAPT8175H
|
|
|
GIRISH NAYAK
PAN:ABMPN9599G
|
|
|
HARSHA RAMDAS BHATKAL
PAN:AACPB3100C
|
|
|
PRASHANT SUDHAKAR TALWALKAR
PAN:AAAPT3528N
|
|
DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS
PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT
INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES
INAPPROPRIATE REVALUATION OF INVESTMENTS FOR INFLATION OF REVENUE
UNJUSTIFIED INVESTMENTS IN ENTITIES WITH LOW NET WORTH AND NON-PROVISION
OF IMPAIRMENT LOSSES
MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO4 (1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS HEALTHCARE LTD.
ISSUED FALSE AND MISLEADING CERTIFICATE UNDER REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS HEALTHCARE LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-SEP-2023 TO 14-MAR-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025
IMPOSED PENALTY RS.54,00,000
15-SEP-2023
|
|
| 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 54 of 61
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