Market regulator Securities and Exchange Board of India (SEBI) has banned Uday Intellicall Pvt Ltd and its directors Rajat Sarraf and Kalpana Jain from markets for six months for providing illegal investment advisory services. All three are also asked to refund Rs1.06 crore collected from investors as fees.
Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.