| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AXIS BANK LTD.
(PAN:AAACU2414K)
|
|
|
ALLEGED LENDING TO ISSUER COMPANIES TO WHICH IT ALSO EXTENDED DEBENTURE TRUSTEE SERVICES, DID NOT INCORPORATE MANDATORY CLAUSE IN TRUST DEED, LACK OF DUE DILIGENCE TO ENSURE COMPLIANCE OF LISTING AGREEMENT AND FALSELY STATED THAT CORRECTIVE STEPS HAVE BEEN TAKEN SINCE PREVIOUS INSPECTION VIOLATING SEBI (DEBENTURE TRUSTEE) REGULATIONS, 1993
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.2,43,00,000 VIDE CONSENT ORDER)
06-AUG-2019
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
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
|
|
| 4 |
|
|
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. |
