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The central bureau of investigation (CBI) has registered a case against IL&FS Securities Services Ltd (ISSL), the company officials and others for allegedly causing a loss of Rs330.43 crore to Central Bank of India and other banks by way of diversion of disbursed bank funds, says a report. ....
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 Penalises IL&FS Securities and Allied Financial Services For Fraudulent Transfer of Mutual Fund Units From Dalmia Cement and OCL's Accounts moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
The SEBI has imposed a total penalty of Rs 26 crore on IL&FS Securities Services Ltd. In a separate order, the capital market regulator has imposed penalties of Rs 3 crore on AFSPL and another Rs 3 crore on its MD, Awanish Kumar Mishra. It has also imposed fines of Rs 14 lakh and Rs 7 lakh on its directors Himanshu Arora and Jitendra Kumar Tiwari. The capital market regulator has also restrained IL&FS Securities from acquiring any new clients till a period of two years. Further, the IL&FS arm would also undertake a comprehensive overhaul of all its procedures and policies, especially its Risk Management Policy and implement necessary corrective measures to ensure that the violations observed are not repeated, the regulator said. ....
SEBI imposes Rs 26 cr penalty on IL&FS Securities, AFSPL for fraudulent transfer of MF units 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.