| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
KAVI ARORA
(PAN:AALPA2726L)
|
|
|
INDULGED IN DIVERSION OF FUNDS FROM RELIGARE FINVEST LTD., LED TO INDIRECT PRICE MANIPULATION IN SHARES OF RELIGARE ENTERPRISES LTD. VIOLATING SECTION 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 16-MAR-2023 TO 15-MAR-2025
IMPOSED PENALTY RS.5,00,00,000
16-MAR-2023
|
SAT: SAT VIDE ITS ORDER DATED 16/05/2023 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 09/05/2023 DIRECTED TO STAY EFFECT AND OPERATION OF IMPUGNED ORDER IN SO FAR AS THE APPELLANT IS CONCERNED PROVIDED HE DEPOSIT RS.50 LAC WITHIN THREE WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 05/06/2023 DISPOSED OF THE MISC.APPLICATION AND DIRECTED RESPONDENT TO DEFREEZE DEMAT ACCOUNT ETC. WITHIN FORTY EIGHT HOURS
SAT: SAT VIDE ITS ORDER DATED 24/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED REJOINDER TO BE FILED WITHIN A WEEK
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
|
| 2 |
|
|
LAKHMENDRA CHAMANLAL KHURANA
(PAN:AGPPK7179R)
|
|
|
|
EXCEL REALTY N INFRA LTD.
PAN:AABCE1172H
|
|
MISREPRESENTED FINANCIAL STATEMENTS BY CONTINUOUSLY SHOWING BALANCE OUTSTANDING FROM STRUCK-OFF AND DEFAULTER COMPANIES
MISUSED FUNDS AND MISREPRESENTED THROUGH LONG OUTSTANDING BALANCE OF LOAN AND ADVANCES AND NON-PROVISIONING FOR NINE YEARS
MISREPRESENTED BY NON-DISCLOSURE OF BALANCE OUTSTANDING FROM RELATED PARTIES
MISUSED AND DIVERTED FUNDS BY PROVIDING INTEREST FREE LOANS TO WHOLLY-OWNED SUBSIDIARY
ISSUED FALSE AND MISLEADING CERTIFICATE UNDER REGULATIONS 17(8) AND 33(2)(A) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF EXCEL REALTY N INFRA LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 28-JUL-2023 TO 27-JUL-2024
28-JUL-2023
|
SAT: SAT VIDE ITS ORDER DATED 26/09/2023 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANTS TO FILE REJOINDER WITHIN THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS SUBJECT TO CONDITION THAT APPELLANT WILL DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL
|
| 3 |
|
|
MALVINDER MOHAN SINGH
(PAN:AABPS2552G)
|
|
|
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.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSES 49(I)(D)(1)(B), 49(I)(D)(2)(F), 49(I)(D)(3)(C),(F),(G),(I),(L) AND 49(II)(E)(2) OF LISTING AGREEMENT (POST CIRCULAR DATED 17/04/2014) READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(6), 4(2)(F)(III)(1)(3), (6), (7), (9), (12) AND 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSE 49(I)(D)(1)(A) OF LISTING AGREEMENT READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATION 4(2)(F)(I)(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-JUL-2022 TO 27-JUL-2025
IMPOSED PENALTY RS.10,00,00,000
28-JUL-2022
|
SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.10,70,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 06/02/2023 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 ORDER DATED 06/03/2023 DIRECTED ALL THE BANKS TO REMIT RS.10,90,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.MALVINDER MOHAN SINGH TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 28/03/2023 DIRECTED TO RELEASE BANK ACCOUNT NO.1112430037 OF MR.MALVINDER MOHAN SINGH
|
| 4 |
|
|
MALVINDER MOHAN SINGH
(PAN:AABPS2552G)
|
|
|
|
FORTIS HEALTHCARE LTD.
PAN:AAACF0987E
|
|
AIDED IN MISUSE AND DIVERSION OF PUBLIC SHAREHOLDERS FUNDS THROUGH BORROWER COMPANIES (BEST, FERN AND MODLAND) FOR BENEFIT OF RHC HOLDING PVT.LTD. VIOLATING SECTION 12(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 19-APR-2022 TO 18-APR-2025
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS/PROPERTIES/ SECURITIES
IMPOSED PENALTY RS.5,00,00,000
19-APR-2022
|
SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANTS TO DEPOSIT 50% PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY
SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/11/2022 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER IF ANY, THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEALS AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS NOTICE DATED 06/03/2023 ISSUED NOTICE UNDER SECTION 226(3) OF THE INCOME TAX ACT,1961 READ WITH SECTION 28A OF SEBI ACT,1992 AND ADVISED NOTICEE TO MAKE SUBMISSIONS RESPECT TO AFORESAID NOTICE, IF ANY, ALONGWITH SUPPORTING DOCUMENTS BY 13/03/2023 BEFORE RECOVERY OFFICER AT SEBI, NBCC COMPLEX, OFFIE TOWER-1, 8TH FLOOR, PLATE B, EAST KIDWAI NAGAR, NEW DELHI-110023
SAT: SAT VIDE ITS ORDER DATED 12/04/2023 ALLOWED FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 16/05/2023 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 24/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED REJOINDER TO BE FILED WITHIN A WEEK
|
| 5 |
|
|
SHIVINDER MOHAN SINGH
(PAN:AAKPS4318M)
|
|
|
|
FORTIS HEALTHCARE LTD.
PAN:AAACF0987E
|
|
AIDED IN MISUSE AND DIVERSION OF PUBLIC SHAREHOLDERS FUNDS THROUGH BORROWER COMPANIES (BEST, FERN AND MODLAND) FOR BENEFIT OF RHC HOLDING PVT.LTD. VIOLATING SECTION 12(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 19-APR-2022 TO 18-APR-2025
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS/PROPERTIES/ SECURITIES
IMPOSED PENALTY RS.5,00,00,000
19-APR-2022
|
SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANTS TO DEPOSIT 50% PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY
SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/11/2022 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER IF ANY, THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEALS AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
SEBI VIDE ITS NOTICE DATED 06/03/2023 ISSUED NOTICE UNDER SECTION 226(3) OF THE INCOME TAX ACT,1961 READ WITH SECTION 28A OF SEBI ACT,1992 AND ADVISED NOTICEE TO MAKE SUBMISSIONS RESPECT TO AFORESAID NOTICE, IF ANY, ALONGWITH SUPPORTING DOCUMENTS BY 13/03/2023 BEFORE RECOVERY OFFICER AT SEBI, NBCC COMPLEX, OFFIE TOWER-1, 8TH FLOOR, PLATE B, EAST KIDWAI NAGAR, NEW DELHI-110023
SAT: SAT VIDE ITS ORDER DATED 12/04/2023 ALLOWED FURTHER THREE WEEKS TO FILE REJOINDER
SAT:SAT VIDE ITS ORDER DATED 16/05/2023 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED REJOINDER TO BE FILED WITHIN A WEEK
|
| 6 |
|
|
SHIVINDER MOHAN SINGH
(PAN:AAKPS4318M)
|
|
|
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.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSES 49(I)(D)(1)(B), 49(I)(D)(2)(F), 49(I)(D)(3)(C),(F),(G),(I),(L) AND 49(II)(E)(2) OF LISTING AGREEMENT (POST CIRCULAR DATED 17/04/2014) READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(6), 4(2)(F)(III)(1)(3), (6), (7), (9), (12) AND 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
DID NOT ABIDE BY PRINCIPLES GOVERNING DISCLOSURES AND OBLIGATIONS WITH RESPECT TO LISTED COMPANIES VIOLATING CLAUSE 49(I)(D)(1)(A) OF LISTING AGREEMENT READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATION 4(2)(F)(I)(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES (INCLUDING UNITS OF MUTUAL FUNDS) DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS DIRECTOR OR KEY MANAGERIAL PERSONNEL IN LISTED COMPANY OR INTERMEDIARY REGISTERED WITH SEBI OF ANY MARKET INFRASTRUCTURE INSTITUTION FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-JUL-2022 TO 27-JUL-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-JUL-2022 TO 27-JUL-2025
IMPOSED PENALTY RS.10,00,00,000
28-JUL-2022
|
SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.10,70,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 23/01/2023 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 ORDER DATED 23/02/2023 DIRECTED ALL THE BANKS TO REMIT RS.10,80,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.SHIVINDER MOHAN SINGH TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
