| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
JM FINANCIAL LTD.
(PAN:AAACJ2590B)
|
|
|
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.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,56,27,512, DISGORGEMENT AMOUNT RS.1,22,35,849 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ACTING AS A LEAD MANAGER IN ANY PUBLIC ISSUE OF DEBT SECURITIES) FROM 19-SEP-2025 TO 18-DEC-2025
19-SEP-2025
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
JM FINANCIAL SERVICES LTD.
(PAN:AAACJ5977A)
|
|
|
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.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,91,60,599, DISGORGEMENT AMOUNT RS.1,33,35,239 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ACTING AS A DISTRIBUTOR IN ANY PUBLIC ISSUE OF DEBT SECURITIES) FROM 19-SEP-2025 TO 18-DEC-2025
19-SEP-2025
|
|
| 4 |
|
|
TATA MOTORS FINANCE LTD.
(PAN:AAACR7043R)
|
|
|
ALLEGED INDULGENCE IN ISSUANCE OF NON-CONVERTIBLE DEBENTURES (NCDS) ON PRIVATE PLACEMENT BASIS TO MORE THAN 200 INVESTORS VIOLATING REGULATIONS 6, 11, 25(1), 27, 28, 29(1), 30, 32, 34 AND 37 OF SEBI (ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES) REGULATIONS, 2021
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.32,00,000 VIDE CONSENT ORDER)
23-DEC-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
