<p> Markets regulator Sebi on Friday levied a fine of Rs 20 lakh on Dewan Housing Finance Corporation Ltd (DHFL) for not complying with market norms while issuing non-convertible debentures (NCDs).</p>.<p>The markets watchdog had received a reference from Catalyst Trusteeship Ltd, a Sebi-registered debenture trustee, pertaining to NCDs issued by DHFL.</p>.<p>The regulator said that as of May 2019, the firm issued 37 NCDs that were publicly placed and 201 NCDs that were privately placed.</p>.<p>It was found that the company did not create debenture redemption reserve (DRR) for 15 ISINs in the financial year 2016-17 and 37 ISINs in the financial year 2017-18.</p>.<p>International Securities Identification Numbers (ISINs) are used to number specific securities.</p>.<p>Besides, it also failed to deposit a little over Rs 700 crore in the financial year 2019-20, towards DRR requirement.</p>.<p>Additionally, the firm did not submit audited financial result for the financial year 2018-19 as prescribed under the Listing Obligations and Disclosure Requirements (LODR) norms.</p>.<p>Accordingly, the regulator slapped a fine of Rs 20 lakh on the company for not complying with various market norms.</p>
<p> Markets regulator Sebi on Friday levied a fine of Rs 20 lakh on Dewan Housing Finance Corporation Ltd (DHFL) for not complying with market norms while issuing non-convertible debentures (NCDs).</p>.<p>The markets watchdog had received a reference from Catalyst Trusteeship Ltd, a Sebi-registered debenture trustee, pertaining to NCDs issued by DHFL.</p>.<p>The regulator said that as of May 2019, the firm issued 37 NCDs that were publicly placed and 201 NCDs that were privately placed.</p>.<p>It was found that the company did not create debenture redemption reserve (DRR) for 15 ISINs in the financial year 2016-17 and 37 ISINs in the financial year 2017-18.</p>.<p>International Securities Identification Numbers (ISINs) are used to number specific securities.</p>.<p>Besides, it also failed to deposit a little over Rs 700 crore in the financial year 2019-20, towards DRR requirement.</p>.<p>Additionally, the firm did not submit audited financial result for the financial year 2018-19 as prescribed under the Listing Obligations and Disclosure Requirements (LODR) norms.</p>.<p>Accordingly, the regulator slapped a fine of Rs 20 lakh on the company for not complying with various market norms.</p>