SEBI Slaps Rs 15 Lakh Fine On 3 Individuals For Non-compliance With Summons

SEBI slaps Rs 15 lakh fine on 3 individuals for non-compliance with summons
An investigation was conducted by the watchdog in the shares of Global Securities during the period from May 1, 2010 to April 30, 2014 to examine the matters relating to preferential allotment process and utilisation of preferential issue proceeds.
PTI
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New Delhi, Dec 21 Stock market regulator SEBI has slapped a total fine of Rs 15 lakh on three individuals for their failure to comply with summons issued by the regulator in Global Securities Ltd case.
A fine of Rs 5 lakh each has been imposed on Umesh Kashinath Gawand, Kamlesh Kanahiyalal Joshi and Jagdish Goverdhan Ajwani.

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