EKIL and KLIL were in the list of 331 suspected shell companies against whom action was taken by Sebi following reference from the corporate affairs ministry earlier this year.
Trading in the securities of EKIL as well as KLIL would be reverted to the status prior to August 7, when the curbs were imposed, according to two separate but similarly-worded orders.
Besides, the audit would check whether there has been misuse of the books of accounts, funds, "including facilitation of accommodation entries or compromise of minority shareholder interest, if any".
Shares held by EKIL's promoters and directors should not be allowed to be transferred for sale by depositories, the order said.
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Both companies have been given 30 days time to file their reply to the interim orders.
Securities and Exchange Board of India (Sebi) noted that there is prima facie evidence on the misrepresentation of financials by the company as well as suspicion of misuse of funds/ books of accounts, submission of partial and incomplete information.
"Detailed examination/ forensic audit needs to be undertaking to unearth the entire extent of violations and possible compromise of minority shareholder interest," the order noted.
In a separate but similar order, the regulator has directed forensic audit against K Lifestyle & Industries Ltd (KLIL) to check whether there has been misrepresentation of financials.
An independent forensic auditor would be appointed wherein the possible misuse of books of accounts would also be verified, as per the order.
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