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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
UPDATED TILL : 03-JUL-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: ALLOWED WRONG UTILIZATION OF ISSUE PROCEEDS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BANK OF BARODA

(PAN:AAACB1534F)  
  COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF JALTARANG MOTELS LTD.

ALLOWED WITHDRAWAL OF FUNDS FROM PUBLIC ISSUE ACCOUNT BY ISSUER COMPANY WITHOUT ENSURING THAT EACH STOCK EXCHANGE MENTIONED IN PROSPECTUS HAD ACCORDED PERMISSION FOR LISTING   		DIRECTED TO REFUND MONEY COLLECTED IN PUBLIC ISSUE

27-JAN-2000 		SAT: APPEAL DISMISSED  
2
History of entity/person BANK OF MADURA LTD.  
  NEGLIGENCE IN RESPECT OF OPERATION IN ACCOUNT IN MATTER OF PUBLIC ISSUE OF NORTH STAR GEMS (INDIA) LTD.   DIRECTED TO ACT WITH DUE SKILL, CARE & DILIGENCE WHILE ACTING AS BANKER TO ISSUE

16-OCT-2002 		 
3
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 		 
4
History of entity/person PUNJAB NATIONAL BANK  
  RELEASED FUNDS RECEIVED FOR PUBLIC ISSUE OF RENCO GEARS LTD. TO COMPANY BEFORE LISTING APPROVAL WAS GRANTED BY STOCK EXCHANGES   SUSPENDED REGISTRATION AS BANKER TO ISSUE FROM 19-APR-2000 TO 18-JUL-2000

04-MAY-2000 		 
5
History of entity/person UNION BANK OF INDIA  
  COMMITTED IRREGULARITIES IN PUBLIC ISSUE OF JALTARANG MOTELS LTD.

ALLOWED WITHDRAWAL OF FUNDS FROM PUBLIC ISSUE ACCOUNT BY ISSUER COMPANY WITHOUT ENSURING THAT EACH STOCK EXCHANGE MENTIONED IN PROSPECTUS HAD ACCORDED PERMISSION FOR LISTING   		DIRECTED TO REFUND MONEY COLLECTED IN PUBLIC ISSUE

27-JAN-2000 		SAT: APPEAL DISMISSED  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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