While imposing a penalty of Rs30 lakh for various violations, market regulator, Securities and Exchange Board of India (SEBI), has banned Wealthit Global s proprietor Mohit Manghnani, for five years for misleading clients with promised assured returns and inducing them to subscribe to various packages and services offered by the SEBI-registared investment advisory (IA).
Market regulator Securities and Exchange Board of India (SEBI) has cancelled registrations of Rudra Comventures Pvt Ltd (formerly known as Gigantic Commodities Pvt Ltd) for dealing in or facilitating paired contracts on the National Spot Exchange Ltd (NSEL) platform.
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of MMTC Ltd, also known as Metals and Minerals Trading Corp of India, a state-owned broker for involvement in illegal paired contracts on the now-defunct National Spot Exchange Ltd (NSEL).
The candidate applying for the position is required to have at least 20 years of experience in dealing with problems related to the securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.