| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
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ALCHEMIST HOLDINGS LTD.
(CIN:U74899DL1995PLC074874
PAN:AAACM5575D)
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BRIJ MOHAN MAHAJAN
DIN:00031819
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CHANDRA SHEKHAR CHAUHAN
DIN:02517955
PAN:AAEPC9775G
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KRISHNA KUMAR SINGH
DIN:06629621
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RAJIV KUMAR NAYAR
DIN:06636653
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VIKRAMADITYA SINGH
DIN:01865565
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MOBILIZED RS.444.67 CRORES THROUGH ALLOTMENT OF 44,46,72,800 REDEEMABLE PREFERENCE SHARES TO 4,26,676 ALLOTTEES VIOLATING SECTIONS 56, 60, 67(3), 69 AND 73 OF COMPANIES ACT, 1956 IN MATTER OF ALCHEMIST HOLDINGS LTD.
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DIRECTED NOT TO COLLECT ANY MONEY FROM THE INVESTORS FROM 14-AUG-2015 TO 13-AUG-2019
DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 14-AUG-2015 TO 13-AUG-2019
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 14-AUG-2015 TO 13-AUG-2019
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 14-AUG-2015 TO 13-AUG-2019
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-AUG-2015 TO 13-AUG-2019
20-SEP-2013
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SEBI VIDE ITS ORDER DATED 14/08/2015 DIRECTED TO A) JOINTLY AND SEVERALLY, SHALL FORTHWITH REFUND THE MONEY COLLECTED THROUGH ISSUANCE OF RPS WITH INTEREST @ 15% P.A. COMPOUNDED AT HALF YEARLY INTERVALS FROM DATE OF REPAYMENTS BECAME DUE TO INVESTORS TILL DATE OF ACTUAL PAYMENT THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PERMITTED TO SELL ASSETS OF THE COMPANY ONLY FOR SOLE PURPOSE OF MAKING REFUND AND DEPOSIT PROCEEDS IN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK C) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES AND IN ONE LOCAL DAILY WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND D) FILE CERTIFICATE OF SUCH COMPLETION WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION E) DIRECTED TO PROVIDE FULL INVENTORY OF ALL ASSETS AND PROPERTIES AND DETAILS OF ALL THEIR BANK ACCOUNTS, DEMAT ACCOUNTS AND HOLDINGS OF SHARES/SECURITIES, OF HELD IN PHYSICAL FORM F) NOT TO, DIRECTLY OR INDIRECTLY, ACCESS CAPITAL MARKET BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC AND ARE FURTHER RESTRAINED AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN WHATSOEVER MANNER FOR A PERIOD OF FOUR YEARS FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS
SAT: SAT VIDE ITS ORDER DATED 29/06/2018 UPHELD IMPUGNED ORDER DATED 14/08/2015 AND DELETED THE DIRECTION GIVEN BY WTM OF SEBI TO PAY INTEREST ‘COMPOUNDED AT HALF YEARLY INVERVALS’. NO COSTS
SEBI VIDE ITS NOTICE DATED 01/04/2021 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1.ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) 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 ORDER DATED 30/11/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND FIXED DEPOSIT ACCOUNTS OF ALCHEMIST HOLDINGS LTD., MR.BRIJ MOHAN MAHAJAN, MR.VIKRAMADITYA SINGH & MR.CHANDRA SHEKHAR CHAUHAN TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 01/12/2023 DIRECTED TO PAY RS.4,44,67,28,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
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| 2 |
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ALCHEMIST HOLDINGS LTD.
(CIN:U74899DL1995PLC074874
PAN:AAACM5575D)
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ASHIMA SOOD
DIN:00037854
PAN:AMZPS9585P
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BALVIR SINGH
DIN:00139599
PAN:AAAPS5463P
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SUKRIT SOOD
DIN:00084077
PAN:AOBPS0340E
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SUNIL KANTI KAR
DIN:00476819
PAN:AEQPK2126K
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MOBILIZED RS.444.67 CRORES THROUGH ALLOTMENT OF 44,46,72,800 REDEEMABLE PREFERENCE SHARES TO 4,26,676 ALLOTTEES VIOLATING SECTIONS 56, 60, 67(3), 69 AND 73 OF COMPANIES ACT, 1956 IN MATTER OF ALCHEMIST HOLDINGS LTD.
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DIRECTED NOT TO COLLECT ANY MONEY FROM THE INVESTORS FROM 18-JUN-2021 TO 17-JUN-2025
DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 18-JUN-2021 TO 17-JUN-2025
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 18-JUN-2021 TO 17-JUN-2025
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER
DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY
DIRECTED TO FILE CERTIFICATE OF COMPLETION OF PROCESS WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 18-JUN-2021 TO 17-JUN-2025
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
20-SEP-2013
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SEBI VIDE ITS ORDER DATED 14/08/2015 DIRECTED TO A) JOINTLY AND SEVERALLY, SHALL FORTHWITH REFUND THE MONEY COLLECTED THROUGH ISSUANCE OF RPS WITH INTEREST @ 15% P.A. COMPOUNDED AT HALF YEARLY INTERVALS FROM DATE OF REPAYMENTS BECAME DUE TO INVESTORS TILL DATE OF ACTUAL PAYMENT THROUGH BANK DEMAND DRAFT OR PAY ORDER B) PERMITTED TO SELL ASSETS OF THE COMPANY ONLY FOR SOLE PURPOSE OF MAKING REFUND AND DEPOSIT PROCEEDS IN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK C) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES AND IN ONE LOCAL DAILY WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND D) FILE CERTIFICATE OF SUCH COMPLETION WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION E) DIRECTED TO PROVIDE FULL INVENTORY OF ALL ASSETS AND PROPERTIES AND DETAILS OF ALL THEIR BANK ACCOUNTS, DEMAT ACCOUNTS AND HOLDINGS OF SHARES/SECURITIES, OF HELD IN PHYSICAL FORM F) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, AND ARE ALSO RESTRAINED FROM ASSOCIATING THEMSELVES WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, FOR A PERIOD OF FOUR YEARS FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS
SAT: SAT VIDE ITS ORDER DATED 29/06/2018 UPHELD IMPUGNED ORDER DATED 14/08/2015 AND DELETED THE DIRECTION GIVEN BY WTM OF SEBI TO PAY INTEREST ‘COMPOUNDED AT HALF YEARLY INVERVALS’. NO COSTS
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| 3 |
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KOLKATA WEIR INDUSTRIES LTD.
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AJAY KUMAR SRIVASTAB
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CHANDAN CHOWDHURY
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LAKSHMI KANTA GAYEN
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LUKAMAN ANSARI
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PRABIR HALDAR
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RAM KRISHNA MONDAL
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RATAN KUMAR
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SAHAJAHAN KHAN
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SAHAJAMAL KHAN
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SAMSUL ALAM KHAN
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SELIM LASKAR
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APPROCHED 105809 INVESTORS TO MOBILIZE RS.47.90 CRORES THROUGH OFFER OF REDEEMABLE PREFERENCE SHARES ON PRIVATE PLACEMENT BASIS IN MATTER OF KOLKATA WEIR INDUSTRIES LTD.VIOLATING SECTION 67(3) OF COMPANIES ACT, 1956
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DIRECTED NOT TO COLLECT MONEY FROM INVESTORS THROUGH ISSUANCE OF SECURITIES IN ANY MANNER WHATSOEVER FROM 14-AUG-2013 TILL FURTHER ORDERS
DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 14-AUG-2013 TILL FURTHER ORDERS
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 14-AUG-2013 TILL FURTHER ORDERS
14-AUG-2013
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SEBI VIDE ITS ORDER DATED 30/04/2014 DIRECTED COMPANY AND ITS DIRECTORS 1. TO REFUND MONEY COLLECTED THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES WITH INTEREST OF 15% PER ANNUM FROM DATE OF RECEIPT OF MONEY IN CASH THROUGH DEMAND DRAFT OR PAY ORDER 2. TO ADVISE OR TRANSFER INVESTMENTS OF INVESTORS MADE IN COMPANY TO ANY OTHER COMPANY/SOCIETY 3. DEBAR / RESTRAIN FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES) FOR THREE YEARS 4. DEBAR/RESTRAIN FROM BUYING/SELLING/ DEALING IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FOR THREE YEARS
SEBI VIDE ITS ORDER DATED 30/04/2014 DIRECTED COMPANY TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES WITH WIDE CIRCULATION, DETAILED MODALITIES FOR REFUND, INCLUDING DETAILS OF CONTACT PERSONS INCLUDING NAMES, ADDRESSES AND CONTACT DETAILS, WITHIN FIFTEEN DAYS OF THIS ORDER AND DIRECTED TO FILE A CERTIFICATE OF COMPLETION OF PROCESS WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS
SEBI VIDE ITS NOTICE DATED 11/03/2015 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 ORDER DATED 01/12/2016 PROHIBITED DEFAULTERS FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES AND DIRECTED DEFAULTERS TO FURNISH COMPLETE DETAILS OF ALL THE MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, DULY CERTIFIED BY THE BOARD OF DIRECTORS ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, EASTERN REGIONAL OFFICE, KOLKATA. FURTHER DIRECTED INSPECTORS GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTARS OF THE RESPECTIVE AREAS. WITH DIRECTION NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
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| 4 |
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RHINE & RAAVI CREDITS & HOLDINGS LTD.
(CIN:U74899DL1994PLC059772
PAN:AAACN4793N)
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BIRENDRA KAJI
DIN:05165145
PAN:BSIPK9909F
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MOBILIZED RS.6.27 CRORES THROUGH ALLOTMENT OF 27,692 NON CONVERTIBLE DEBENTURES TO 744 ALLOTTEES VIOLATING SECTIONS 56, 60, 69 AND 73 OF COMPANIES ACT, 1956 IN MATTER OF RHINE CREDITS & HOLDINGS LTD.
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DIRECTED NOT TO COLLECT ANY MONEY FROM THE INVESTORS FROM 19-JUL-2024 TO 18-JUL-2025
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 19-JUL-2024 TO 18-JUL-2025
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 19-JUL-2024 TO 18-JUL-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 19-JUL-2024 TO 18-JUL-2025
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 19-JUL-2024 TO 18-JUL-2025
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
01-OCT-2013
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SEBI VIDE ITS ORDER DATED 27/03/2015 DIRECTED TO A) JOINTLY AND SEVERALLY, FORTHWITH REFUND MONEY COLLECTED THROUGH ISSUANCE OF SECURED NCDS, INCLUDING FROM INVESTORS, WITH INTEREST OF 15% P.A. B) REPAYMENTS TO INVESTORS SHALL BE EFFECTED ONLY IN CASH THROUGH BANK DEMAND DRAFT OR PAY ORDER C) PERMITTED TO SELL ASSETS OF THE COMPANY ONLY FOR SOLE PURPOSE OF MAKING REFUND AND DEPOSIT PROCEEDS IN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK D) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND E) FILE A CERTIFICATE OF SUCH COMPLETION WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION F) DIRECTED NOT TO, DIRECTLY OR INDIRECTLY, ACCESS CAPITAL MARKET BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC AND FURTHER RESTRAINED AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER, FROM DATE OF THIS ORDER TILL EXPIRY OF 4 YEARS
SEBI VIDE ITS ORDER DATED 23/03/2018 IMPOSED PENALTY OF RS.1 CRORE U/S 15HB PAYABLE JOINTLY AND SEVERALLY AS THE NOTICEES FAILED TO COMPLY WITH THE DIRECTIONS ISSUED VIDE ITS ORDER DATED 27/03/2015
SEBI VIDE ITS ORDER DATED 11/06/2019 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, DULY CERTIFIED BY BOARD OF DIRECTORS WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, NORTHERN REGIONAL OFFICE, NEW DELHI D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF RESPECTIVE AREAS WHERE PROPERTIES ARE LOCATED NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY DEFAULTERS, IF PRESENTED FOR REGISTRATION
SEBI VIDE ITS NOTICE DATED 13/01/2021 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1. ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) 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 ORDER DATED 24/03/2021 DIRECTED ALL THE BANKS TO REMIT RS.1,36,07,575.00 TO THE EXTENT LYING IN THE ACCOUNT OF RHINE & RAAVI CREDITS & HOLDINGS LTD., MR.RAKESH GUPTA, MR.BIRENDRA KAJI & MR.SURENDRA KUMAR BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS ORDER DATED 19/07/2024 A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY FOR A PERIOD OF ONE YEAR
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| 5 |
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RHINE & RAAVI CREDITS & HOLDINGS LTD.
(CIN:U74899DL1994PLC059772
PAN:AAACN4793N)
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RAKESH GUPTA
DIN:03039404
PAN:ASVPG8313M
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SURENDRA KUMAR
DIN:05275114
PAN:CBFPK9464A
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|
MOBILIZED RS.6.27 CRORES THROUGH ALLOTMENT OF 27,692 NON CONVERTIBLE DEBENTURES TO 744 ALLOTTEES VIOLATING SECTIONS 56, 60, 69 AND 73 OF COMPANIES ACT, 1956 IN MATTER OF RHINE CREDITS & HOLDINGS LTD.
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DIRECTED NOT TO COLLECT ANY MONEY FROM THE INVESTORS FROM 27-MAR-2015 TO 26-MAR-2019
DIRECTED TO REFUND MONEY TO THE INVESTORS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-MAR-2015 TO 26-MAR-2019
IMPOSED PENALTY RS.4,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
01-OCT-2013
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| 6 |
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RHINE & RAAVI CREDITS & HOLDINGS LTD.
(CIN:U74899DL1994PLC059772
PAN:AAACN4793N)
|
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GURPREETESH SINGH MAINI
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JIVTESH SINGH MAINI
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JYOTI MAINI
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TRIDIVESH SINGH MAINI
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MOBILIZED RS.6.27 CRORES THROUGH ALLOTMENT OF 27,692 NON CONVERTIBLE DEBENTURES TO 744 ALLOTTEES VIOLATING SECTIONS 56, 60, 69 AND 73 OF COMPANIES ACT, 1956 IN MATTER OF RHINE CREDITS & HOLDINGS LTD.
|
DIRECTED NOT TO COLLECT ANY MONEY FROM THE INVESTORS FROM 01-OCT-2013 TILL FURTHER ORDERS
01-OCT-2013
|
SEBI VIDE ITS ORDER DATED 27/03/2015 DIRECTED TO A) JOINTLY AND SEVERALLY, FORTHWITH REFUND MONEY COLLECTED THROUGH ISSUANCE OF SECURED NCDS, INCLUDING FROM INVESTORS, WITH INTEREST OF 15% P.A. B) REPAYMENTS TO INVESTORS SHALL BE EFFECTED ONLY IN CASH THROUGH BANK DEMAND DRAFT OR PAY ORDER C) PERMITTED TO SELL ASSETS OF THE COMPANY ONLY FOR SOLE PURPOSE OF MAKING REFUND AND DEPOSIT PROCEEDS IN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK D) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND E) FILE A CERTIFICATE OF SUCH COMPLETION WITH SEBI FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION F) DIRECTED NOT TO, DIRECTLY OR INDIRECTLY, ACCESS CAPITAL MARKET BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC AND FURTHER RESTRAINED AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER, FROM DATE OF THIS ORDER TILL EXPIRY OF 4 YEARS
SEBI VIDE ITS ORDER DATED 23/03/2018 IMPOSED PENALTY OF RS.1 CRORE U/S 15HB PAYABLE JOINTLY AND SEVERALLY AS THE NOTICEES FAILED TO COMPLY WITH THE DIRECTIONS ISSUED VIDE ITS ORDER DATED 27/03/2015
SEBI VIDE ITS ORDER DATED 11/06/2019 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, DULY CERTIFIED BY BOARD OF DIRECTORS WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, NORTHERN REGIONAL OFFICE, NEW DELHI D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF RESPECTIVE AREAS WHERE PROPERTIES ARE LOCATED NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY DEFAULTERS, IF PRESENTED FOR REGISTRATION
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
