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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – CONSENT ORDERS/ PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS
PERIOD COVERED : 30-OCT-2007 TO 13-JUL-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

DEBENTURE TRUSTEES: VIOLATED SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person IDBI TRUSTEESHIP SERVICES LTD.  
  ALLEGED FAILURE IN FULFILLING RESPONSIBILITIES AND OBLIGATIONS OF DEBENTURE TRUSTEES AS REQUIRED UNDER REGULATIONS 13,14,15(1)(C),15(1)(F),15(1)(G),15(1)(H), 15(1)(I),15(1)(N),15(2)(B),15(5) AND 18 (D) OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE, PROPER CARE, EXERCISING PROFESSIONAL JUDGEMENT AND DID NOT ADEQUATELY DEAL WITH ENQUIRIES FROM DEBENTURE HOLDERS ETC AS REQUIRED UNDER CLAUSES 4,16 AND 26 OF CODE OF CONDUCT OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED FAILURE IN (1) OBTAINING CERTIFICATE FROM AUDITORS IN RESPECT OF WORKING CAPITAL AND (2) ISSUE PROCEEDS DID NOT KEPT IN AN ESCROW ACCOUNT UNTIL DOCUMENTS FOR CREATION OF SECURITY EXECUTED AS STATED IN OFFER DOCUMENT AS REQUIRED UNDER CLAUSES 10.2.6 (C) AND 10.6.4 OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)

31-MAY-2010
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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