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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: VIOLATIONS SPECIFIED IN EARLIER SEBI/NSE ORDERS/CIRCULARS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person AXIS TRUSTEE SERVICES LTD.

(PAN:AAHCA3172B)  
  ALLEGED FAILURE IN MONITORING OF PAYMENT OF INTEREST/PRINCIPAL BY RELIANCE COMMUNICATIONS LTD. TO DEBENTURE HOLDERS VIOLATING REGULATION 15(1)(G)(III) & (IV) OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993 (NOW REGULATION 15(1)(Q)(III) & (IV) OF SEBI (DEBENTURE TRUSTEES) (AMENDMENT) REGULATIONS, 2017

ALLEGED IN HALF YEARALY REPORT ENDED MARCH, 2017 AND DID NOT MENTION RCL IN LIST OF COMPANIES WHICH HAVE DEFAULTED IN PAYMENT OF INTEREST/PRINCIPAL ON THEIR NCDS VIOLATING CLAUSE 19 OF CODE OF CONDUCT OF REGULATION 16 OF DEBENTURE TRUSTEE REGULATIONS, 1993

ALLEGED FAILURE IN SHARING INFORMATION OF NON-COOPERATION BY RELIANCE COMMUNICATIONS LTD. WITH CREDIT RATING AGENCIES VIOLATING OF SEBI CIRCULAR CIR/MIRSD/3/2013 DATED 15/03/2013  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,93,750 VIDE CONSENT ORDER)

02-APR-2019
2 
History of entity/person SBICAP TRUSTEE CO.LTD.

(PAN:AAJCS8105J)  
  ALLEGED IMPROPER DISCLOSURE ON WEBSITE WITH RESPECT TO MAINTENANCE OF RECOVERY EXPENSE FUND VIOLATING REGULATION 16 READ WITH CLAUSES 4 AND 15 OF SCHEDULE III OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED IMPROPER DISCLOSURE ON WEBSITE WITH RESPECT TO CALENDAR OF INTEREST/REDEMPTIONS, DUE AND PAID VIOLATING REGULATION 16 READ WITH CLAUSE 15 OF SCHEDULE III OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED IMPROPER DISCLOSURE OF ASSET COVER CERTIFICATE VIOLATING REGULATIONS 15(1)(B), 15(1)(S) AND 16 READ WITH CLAUSE 15 OF SCHEDULE III OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED IMPROPER DISCLOSURE OF ASSET COVER CERTIFICATE VIOLATING REGULATION 16 READ WITH CLAUSE 15 OF SCHEDULE III OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993

ALLEGED IMPROPER DISCLOSURE ON WEBSITE WITH RESPECT TO MAINTENANCE OF RECOVERY EXPENSE FUND VIOLATING SEBI CIRCULAR DATED 03/11/2020

ALLEGED IMPROPER DISCLOSURE ON WEBSITE WITH RESPECT TO CALENDAR OF INTEREST/REDEMPTIONS, DUE AND PAID VIOLATING SEBI CIRCULAR DATED 27/05/2019

ALLEGED IMPROPER DISCLOSURE OF ASSET COVER CERTIFICATE VIOLATING SEBI CIRCULAR DATED 12/11/2020  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.25,08,000 VIDE CONSENT ORDER)

12-JUN-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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