Sebi Proposes Rs 50,000 Fine for Non-Cooperation by Listed Firms
Sebi has proposed a fine of ₹50,000 for each instance where listed companies fail to cooperate with monitoring agencies. These agencies will be empowered to submit reports directly to stock exchanges. Stricter enforcement may include freezing promoters' demat accounts. Companies must provide information within prescribed timelines to ensure accountability in the use of funds raised through public issues.
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