BusinessPhoto: Business StandardSebi Proposes Stricter IPO Proceeds Monitoring and Penalties
The Securities and Exchange Board of India (Sebi) proposed a stricter framework for monitoring how listed companies use funds raised from IPOs. Monitoring agencies will report directly to stock exchanges. Defaulting firms could face fines of ₹50,000 per non-cooperation instance and promoter demat account freezes. The proposal mandates appointing monitoring agencies for all issuances except offer-for-sale portions.
Business Standard·


