The Securities Appellate Tribunal (SAT) has upheld an interim order issued by the Securities and Exchange Board of India (SEBI) s Whole Time Member (WTM) to bar Subhash Chandra, the Chairperson of.
Once a darling of millions of retail investors, Brightcom saw its share price zoom up from barely Rs 4 in April 2021 to a high of Rs 118 in December 2021. On April 13, the scrip ended at Rs 15.45.
SAT held that SEBI had passed the interim order barring Warsi and others from dealing in the securities market, without considering the essential facts.
SEBI has banned former Religare Finvest CEO Kavi Arora from the securities market for two years and imposed a fine of ₹5 crore for fund diversion. Here’s what happened.