SEBI Orders In House Productions to Remit Rs 4.29 Lakhs Following Non-Compliance in Authentication Matters
The Securities and Exchange Board of India (SEBI) has issued a stringent General Remittance Order mandating the remittance of outstanding dues from In House Productions Ltd. The order, dated July 13, 2026, pertains to the company's failure to obtain necessary SCORES authentication.The regulatory action underscores SEBI’s commitment to ensuring compliance among entities involved in market dealings and recovery proceedings. This formal directive targets the principal bank accounts, Demat Accounts, and Mutual Fund folios held by the defaulter.
Details of Regulatory Recovery Action against In House Productions
SEBI confirmed that the attachment proceedings were initially initiated against In House Productions Ltd., whose PAN is AAACV1685K. The original recovery certificate (RC No. 4833 of 2022) was issued in response to the company's non-compliance regarding the required authentication.The initial total dues set for recovery were documented at Rs. 3,31,000.00. However, due to accrued interest and associated charges as per the proceedings, the current liability stands higher.
Current Dues Reaching Rs 4.29 Lakhs
As of the date of the order, the total outstanding liabilities owed by In House Productions Ltd. are formalized at Rs. 4,29,000.00 (Rupees Four Lakh and Twenty-Nine Thousand Only). This figure includes all applicable costs, charges, and expenses associated with the recovery proceedings.The order directed all involved banks and mutual funds to facilitate this remittance immediately. These institutions must ensure that the full amount of Rs 4,29,000.00 is remitted either through direct credit (EFT/NEFT/RTGS) or by redeeming the concerned units.
Mandates for Financial Institutions
The order explicitly directs the Principal Officers and Managing Directors of all banks and mutual funds in India to facilitate this remittance. The payment must be made to SEBI at A/c No. SEBIRRDPEN4833 of ICICI Bank, IFSC Code: ICIC0000106.Crucially, the document stresses that in the absence of confirmation through email detailing the transaction number and bank details, any credits made will not be accounted towards the settled dues. This highlights the strict procedural requirements for compliance.
Legal Basis for SEBI's Directive
The direction was issued by the Recovery Officer Kirtikumar Jadhav under Section 28A of the SEBI Act, 1992. This action is backed by various sections of the Securities Laws (Amendment) Act, 2014, and relevant provisions of the Income-tax Act 1961.The order serves as a formal mechanism to ensure that all market dealings are conducted with complete transparency and adherence to regulatory mandates established by SEBI.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.