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SEBI proposes mandatory monitoring agency for all public issues, ₹50,000 fine for non-cooperation

Source: Hindu BusinessLine · 3 hr ago
SEBI proposes mandatory monitoring agency for all public issues, ₹50,000 fine for non-cooperation
Image: Hindu BusinessLine

Summary

The Securities and Exchange Board of India (SEBI) is planning to require every public issue to be overseen by a monitoring agency, with the ability for issuers to report directly to stock exchanges. It also proposes a graded enforcement system that could include freezing the demat accounts of promoters, and sets a penalty of ₹50,000 for those who do not cooperate.

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From the original report

The proposed changes also allow direct reporting to stock exchanges and introduce graded enforcement, including possible freezing of promoters’ demat accounts.

Excerpt from Hindu BusinessLine.

Read the full story at Hindu BusinessLine

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