If you are an Existing User, please enter your Username & Password below

Forgot Password?

Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors
SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
PERIOD COVERED : 30-NOV-2007 TO 21-NOV-2025

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.

COMPANIES: REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM UNDERTAKING THE BUSINESS OF INITIAL PUBLIC OFFER FINANCING)

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JM FINANCIAL PRODUCTS LTD.

(PAN:AAACJ1236G)  
  ALLEGED TO HAVE DEVISED A SCHEME WHEREIN NBFC ARM OF JM FINANCIAL GROUP I.E. JM FINANCIAL PRODUCTS LTD. USED POWER OF ATTORNEY AND SUBMITTED BID APPLICATIONS FOR 11,34,000 NCDS ON BEHALF OF 1,008 APPLICANTS IN MATTER OF PUBLIC ISSUE OF NON-CONVERTIBLE DEBENTURES OF PIRAMAL ENTERPRISES LTD.

ALLEGED TO HAVE ENGAGED IN UNFAIR TRADE PRACTICE WHERE THREE ENTITIES ACTED IN CONCERT AS A GROUP TO PROVIDE GUARANTEED EXIT AT PROFIT TO 1,008 APPLICANTS ON THE LISTING DAY IN MATTER OF PIRAMAL ENTERPRISES LTD.

ALLEGED TO HAVE MADE NET GAIN OF RS.1.99 CRORE BY DEALING IN 11,34,000 NON-CONVERTIBLE DEBENTURES (NCDS) ALLOTTED TO 1,008 APPLICANTS IN PUBLIC ISSUE IN MATTER OF PIRAMAL ENTERPRISES LTD.

ALLEGED TO PROVIDE GUARANTEED EXIT AT PROFIT TO 1,008 APPLICANTS BY PURCHASING NCDS AT PREDETERMINED PRICE ON LISTING DAY IN MATTER OF PIRAMAL ENTERPRISES LTD.   		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.44,00,000 VIDE CONSENT ORDER)

REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM UNDERTAKING THE BUSINESS OF INITIAL PUBLIC OFFER FINANCING) FROM 19-SEP-2025 TO 18-DEC-2025

19-SEP-2025 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

DISCLAIMER BY NSE

NSE is the co-sponsor of this website and supportive of the initiative taken for protection of interest of investors by Praxis Consulting & Information Services Pvt.Ltd. (PRAXIS), the creator of this website. However, NSE bear no responsibility for the views/information that is available on this website and as responsibility of the contents of this website solely rests with PRAXIS. NSE shall not be responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to or reliance on any information available on this website. Investors/visitors of this website are also advised to read through the other general disclaimer(s) and terms and conditions available on this website before using the website.

Site designed and maintained by watchoutinvestors.com
© PRIME DATABASE GROUP 2004-2025
No part of this site may be reproduced without the explicit permission of the owners.

top