Sebi slaps penalties worth Rs 32 crore on ISSL, AFSPL, 3 individuals
The regulator has passed two separate orders, dated July 2, against ISSL, and AFSPL and its three directors after it carried out a detailed investigation into the matter for the period from February 20, 2017 till February 8, 2019 Apart from the fine of Rs 26 crore, Sebi has barred ISSL from acquiring any new clients for two years, subject to certain conditions PTI
Updated Jul 05, 2021, 7:51 AM IST
Sebi has imposed penalties totalling more than Rs 32 crore on IL&FS Securities Services Ltd (ISSL), Allied Financial Services Pvt Ltd (AFSPL) and three individuals for lapses in connection with alleged fraudulent transfer of mutual fund units of three companies.
Sebi slaps over Rs 32 crore penalties on IISL, AFSL, 3 individuals business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.