Sebi: The other firms whose properties will be auctioned are Just-Reliable Projects India Ltd, Orion Industries, and Rakhal Bharoti group of companies.
These seven companies had collected money from investors without complying with the public issue norms as the shares were issued to more than 50 individuals.Under the norms, a firm is required to list its securities on the recognised bourse. It is also required to file a prospectus, among other things
Sebi extends auction date for properties of 7 companies to Aug 31 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.