Corrigendum order in the matter of Setco Automotive Limited
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What is this order about?
This order corrects typographical errors in a previous SEBI order regarding Setco Automotive Limited and related entities, focusing on financial obligations and payments.
Who it concerns
Setco Automotive Limited, Setco Auto Systems Private Limited, Noticees No. 3 and 4 (names not specified in text)
What was found or directed
- Directions at para 118(c) corrected to require Noticees No. 3 and 4 to pay jointly and severally to Noticees No. 1 and 2
- Rs. 81.96 crore invested by Noticee No. 1 in SEPL with 23% p.a. interest
- Rs. 107.76 crore received as marketing commission by SEPL with 23% p.a. interest
- Rs. 13.07 crore invested in NCCRPS of SEPL with 23% p.a. interest
- Rs. 5.98 crore advanced to TTPL with 23% p.a. interest
- Amounts to be adjusted for any prior repayments with proof
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-13
1776081088211.pdf
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