Indian market regulator SEBI has imposed penalties totaling more than Rs. 50 lakh on 11 companies since the beginning of the current fiscal (2012-13) for allegedly failing to resolve investor complaints.
The number of such companies in the current fiscal so far is higher than a total of 5 firms against whom penal action was taken by SEBI in the entire 2011-12, and three in 2010-11.
SEBI imposed a fine of Rs. 53.3 lakh in 2011-12 and Rs. 43 lakh in 2010-11. The total penalty in 2010-11 had declined by Rs. 10 lakh
No comments:
Post a Comment