Sebi has slapped penalties totalling Rs 12 lakh on Prabhu Steel Industries Ltd (PSIL), its promoters including Harish Gangaram Agarwal, Dinesh Gangaram Agarwal and Akshita Harish Agarwal for flouting regulatory norms.
Sebi received a Financial Reporting Quality Review Report (FRQRR) from National Financial Reporting Authority in the matter of PSIL on February 14, 2022, wherein it noted serious lapses with respect to accounting and auditing standards of the company.
The order came after Sebi received an anonymous complaint dated October 20, 2015, and thereafter, it conducted an investigation to examine in detail the records of Sharepro.
Sharepro Services Case: Sebi Slaps Rs 33 Cr Fine On 13 Individuals freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Business News: The Securities and Exchange Board of India (SEBI) has imposed fines totaling INR 33.81 crore ($4.6 million) on 13 individuals, including senior offici