| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
P.V.R.MURTHY
|
|
|
|
ARYAMAN FINANCIAL SERVICES LTD.
PAN:AABCA1376P
|
|
DID NOT EXERCISE DUE DILIGENCE IN PUBLIC ISSUES LEAD MANAGED (RICH PAINTS LTD.,EIDER E-COMMERCE LTD.,ASHU MOTORS & GENERAL FINANCE LTD.,GURUKUL TECHNOLOGIES LTD.AND MY FELLOW FASHIONS (EXPORTS) LTD.)
SUBMITTED WRONG INFORMATION IN THE DECLARATION FURNISHED TO SEBI ALONG WITH THE OFFER DOCUMENTS
|
REJECTED APPLICATION FOR REGISTRATION AS DEBENTURE TRUSTEE
20-SEP-2002
|
|
| 22 |
|
|
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
|
|
| 23 |
|
|
UNITED BANK OF INDIA
(PAN:AAACU5624P)
|
|
|
TRUST DEED DID NOT CONTAIN CERTAIN CLAUSES VIOLATING REGULATION 14 OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
LENT LOANS TO ISSUER COMPANY VIOLATING REGULATION 13 A (B) OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
DID NOT DISSEMINATE ALL INFORMATION AND REPORTS ON DEBT SECURITIES BY PLACING THEM ON THEIR WEBSITES VIOLATING REGULATION 23 (4) OF ILDS REGULATIONS
DID NOT SUBMIT CORRECT INFORMATION AS REQUIRED IN PRE INSPECTION QUESTIONNAIRE VIOLATING CLAUSE 4 AND 19 OF CODE OF CONDUCT READ WITH REGULATIONS 16 AND 21(1) OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
DELAY IN ENTERING WRITTEN AGREEMENT WITH ISSUER COMPANY VIOLATING REGULATION 13(A) OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
DID NOT INCORPORATE CERTAIN CLAUSES IN TRUST DEED VIOLATING REGULATION 15 (2) OF SEBI (ILDS) REGULATIONS, 2008
EXECUTED TRUST DEED AFTER CLOSURE OF ISSUE VIOLATING CLAUSE 10.2.3 OF SEBI (DISCLOSURE AND INVESTOR PROTECTION) DIRECTIVES/INSTRUCTIONS/GUIDELINES, 2000
|
IMPOSED PENALTY RS.2,00,000
10-SEP-2015
|
|
| 24 |
|
|
VARDHMAN TRUSTEESHIP PVT.LTD.
(PAN:AAICA9446P)
|
|
|
DID NOT INDEPENDENTLY VERIFY CREATION OF RECOVERY EXPENSE FUND BY ISSUERS PROPOSING TO LIST DEBT SECURITIES VIOLATING REGULATION 16 READ WITH CLAUSES 1 TO 4 OF SCHEDULE III OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
DID NOT ADHERE TO TIMELINES WITH REFERENCE TO SEEKING STATUS OF PAYMENT OF INTEREST AND/OR PRINCIPAL TO STOCK EXCHANGES AND CREDIT RATING AGENCIES VIOLATING CLAUSE 3.1.2 OF CHAPTER VIII OF MASTER CIRCULAR OF SEBI (DEBENTURE TRUSTEES) REGULATIONS, 1993
|
IMPOSED PENALTY RS.2,00,000
28-JUL-2025
|
|
| 25 |
|
|
VIJAYA BANK
|
|
|
DID NOT SUBMIT CORRECT INFORMATION TO SEBI IN REPLY TO THE PRE INSPECTION QUESTIONNAIRE IN RESPECT OF LOANS GRANTED TO ISSUER COMPANIES
DID NOT MONITOR DEBENTURE REDEMPTION RESERVE
DID NOT ADHERE TO LISTING AGEREEMENT IN RESPECT OF KARNATAKA STATE FINANCIAL CORPORATION AND CANARA BANK SUB REASON – NEW-TRUST DEEDS EXECUTED/BEING EXECUTED FOR ITS POST INSPECTION ACTIVITY
DID NOT EXERCISE DUE DILIGENCE TO ENSURE COMPLIANCE WITH PROVISIONS OF SECTION 67(30 OF THE COMPANIES ACT IN RESPECT OF ALLOTMENT TO MORE THAN 49 PERSONS
|
IMPOSED PENALTY RS.10,00,000
31-DEC-2015
|
|
| 26 |
|
|
VISTRA ITCL (INDIA) LTD.
(PAN:AAACI6832K)
|
|
|
DID NOT CARRY OUT DUE DILIGENCE WITH REGARD TO MATERIAL CHANGE IN NCDS AND DEFAULT RECOGNITION IN CASE OF PARANJAPE SCHEME (CONSTRUCTION) LTD.
DID NOT DISCLOSE EVENT OF DEFAULT AND STATUS OF PAYMENT OF INTEREST/PRINCIPAL FOR LISTED NCDS OF PARANJAPE SCHEME (CONSTRUCTION) LTD. ON ITS WEBSITE
DID NOT SHARE INFORMATION WITH CREDIT RATING AGENCY REGARDING NON-PAYMENT OF REDEMPTION AMOUNT FOR NCDS ISSUED BY PARANJAPE SCHEME (CONSTRUCTION) LTD.
DELAY IN UPDATING DEFAULT HISTORY ON CENTRALIZED DATABASE FOR CORPORATE BONDS/DEBENTURES
DID NOT UPDATE DEFAULT HISTORY ON CENTRALIZED DATABASE FOR CORPORATE BONDS/DEBENTURES
|
IMPOSED PENALTY RS.12,00,000
29-AUG-2024
|
|
| 27 |
|
|
VISTRA ITCL (INDIA) LTD.
(PAN:AAACI6832K)
|
|
|
DID NOT EXERCISE DUE DILIGENCE TO ENSURE COMPLIANCE OF LISTING AGREEMENT VIOLATING REGULATION 15(1)(I) OF (DEBENTURE TRUSTEE REGULATIONS) AND CLAUSES 1 TO 4 OF CODE OF CONDUCT SCHEDULE III READ WITH REGULATION 16 OF (DEBENTURE TRUSTEES) REGULATIONS, 1993 IN MATTER OF LRN FINANCE LTD.
|
IMPOSED PENALTY RS.5,00,000
26-OCT-2018
|
SAT: APPEAL DISMISSED
|
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