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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 29-APR-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.

BANKERS: DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person CANARA BANK  
  COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF INCAP FINANCIAL SERVICES LTD.  DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 20-MAR-2000 TO 19-JUN-2000

03-APR-2000
2 
History of entity/person CORPORATION BANK  
  COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF GOLD MULTIFAB LTD.

ACCEPTED APPLICATIONS AFTER CLOSURE OF PUBLIC ISSUE OF DHANLAXMI LEASE FINANCE LTD.

COMPANY DID NOT RECEIVE MINIMUM SUBSCRIPTION BEFORE CLOSURE OF THE ISSUE

FUNDS TRANSFERRED FROM PUBLIC ISSUE ACCOUNT OF COMPANY EVEN WHEN CHEQUES WERE ISSUED FROM CURRENT ACCOUNT OF COMPANY  		DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 18-FEB-2000 TO 17-AUG-2000

18-FEB-2000
3 
History of entity/person PUNJAB NATIONAL BANK  
  ACCEPTED APPLICATIONS AFTER CLOSURE OF PUBLIC ISSUE OF DHANLAXMI LEASE FINANCE LTD.

DID NOT EXERCISE DUE DILIGENCE IN WEEDING OUT MULTIPLE APPLICATIONS

DID NOT EXERCISE DUE DILIGENCE IN WEEDING OUT BENAMI APPLICATIONS

DEFAULTED IN MAINTENANCE OF DATE-WISE RECORDS OF NUMBER OF APPLICATIONS RECEIVED

DEFAULTED IN MAINTENANCE OF DATE-WISE RECORDS OF NAMES OF INVESTORS

DEFAULTED IN MAINTENANCE OF DATE-WISE RECORDS OF AMOUNT RECEIVED  		DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 18-OCT-2002 TO 17-APR-2003

18-OCT-2002
4 
History of entity/person PUNJAB NATIONAL BANK  
  COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF INCAP FINANCIAL SERVICES LTD.  DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 20-MAR-2000 TO 19-JUN-2000

03-APR-2000
5 
History of entity/person PUNJAB NATIONAL BANK  
History of entity/person S.K.MOHANTY
History of entity/person V.P.GOSWAMI
History of entity/person VASUDEVAN
  		COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF MAHA CHEMICALS LTD.

ACCEPTED APPLICATIONS FROM CERTAIN INVESTORS ACCOMPANIED BY STOCKINVESTS, MUCH AFTER ISSUE CLOSURE DATE  		DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 01-OCT-2003 TO 30-NOV-2003

10-SEP-2003
6 
History of entity/person PUNJAB NATIONAL BANK  
History of entity/person S.K.MOHANTY
  		COMMITTED IRREGULARITIES IN ISSUANCE OF STOCKINVEST WHICH ENABLED GROWMORE SOLVENTS LTD. TO CLAIM RECEIPT OF MINIMUM SUBSCRIPTION OF 90% IN ITS PUBLIC ISSUE AND ENABLED AN OTHERWISE INELIGIBLE ISSUE TO GET LISTED AT STOCK EXCHANGE (ORDER PASSED AGAINST NAVRANGPURA BRANCH OF THE BANK)  DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 11-AUG-2004 TO 10-SEP-2004

21-JUL-2004
7 
History of entity/person PUNJAB NATIONAL BANK  
History of entity/person A.K.AHUJA
History of entity/person N.C.JAIN
History of entity/person R.K.JOSHI
  		FACILITATED COMPANY, PROMOTERS AND ASSOCIATES IN PROCESS OF ARRANGING MONEY FOR APPLICATIONS MADE IN RIGHTS ISSUE OF MAJESTIC INDUSTRIES LTD.

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN RIGHTS ISSUE OF MAJESTIC INDUSTRIES LTD.  		DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 24-AUG-2009 TO 07-SEP-2009

03-AUG-2009
8 
History of entity/person UCO BANK  
  ACCEPTED APPLICATIONS AFTER CLOSURE OF PUBLIC ISSUE OF DHANLAXMI LEASE FINANCE LTD.  DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 19-AUG-1999 TO 18-AUG-2000

07-FEB-2000
9 
History of entity/person UNITED WESTERN BANK LTD.,THE  
  VIOLATED SEBI (BANKERS TO AN ISSUE) RULES & REGULATIONS IN PUBLIC ISSUE OF INTERADS EXPORTS LTD.  DEBARRED FROM CARRYING ACTIVITIES AS BANKERS TO ISSUES FROM 10-JUL-1997 TO 09-JAN-1998

15-JUL-1997
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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