Securities and Exchange Board of India (Sebi), in a letter dated July 15, had said it had conducted an examination in relation to the disclosure of financial and other information relating to One 97 Communications and its associate Paytm Payments Bank Limited (PPBL). "In this context, the following non-compliances were observed during the course of examination. The excess related party transactions (RPTs) entered into by the company and/or its subsidiaries with PPBL during the FY 2021-22 are without due approval of either the audit committee or the shareholders," according to the Sebi letter.