Archive · 25 Jul 2025
SEBI Court Orders M’Belle Directors to Pay ₹1 Crore or Jail
Imagine a company, M’Belle, didn't give information to the financial police (SEBI) about some stock prices way back in 2002.
Because of this, they were fined a lot of money in 2004.
The company didn't pay up, even after being warned.
Years later, the SEBI took them to court.
Now, two people who ran the company have to pay the fine or go to jail for six months.
The court is making sure the rules are followed.
SEBI court orders M’Belle directors to pay ₹1 crore each or serve six months in jail.
The case stems from a 2004 fine for non-compliance related to M/s Roofit Industries Ltd (RIL).
SEBI investigated share price transactions of RIL in 2002, requesting information from M’Belle International.
M’Belle International initially delayed and ultimately failed to provide the requested information, leading to penalties.
Two directors, Gopu Belani and Anupama Motwani, are now facing the penalty.
- Who
- Two directors of M’Belle International (Gopu Belani and Anupama Motwani) and the SEBI court.
- What
- Special SEBI court ordered M’Belle International directors to pay ₹1 crore or serve jail time.
- When
- The original fine was issued in 2004; the recent court order was issued later.
- Where
- Mumbai, India.
- Why
- For failing to comply with a penalty for non-compliance with SEBI regulations concerning share price transactions of Roofit Industries Ltd (RIL).
- Company
- M’Belle International Pvt Ltd
- Court
- Special SEBI court
- Fine Amount
- ₹1 crore per director
- Potential Jail Time
- Six months
- Case Origin
- Non-compliance related to Roofit Industries Ltd (RIL)
- Date of Fine
- 2004
- Directors Involved
- Gopu Belani and Anupama Motwani