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IL&FS Securities, AFSPL fined for fraudulent transfer of MF units


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. ....

Jitendra Kumar Tiwari , Awanish Kumar Mishra , Dalmia Bharat , Himanshu Arora , Dalmia Group , Il Fs Securities Services Ltd , Dalmia Cement East , National Company Law Appellate Tribunal , Il Fs Securities Services , Supreme Court , National Company Law Tribunal , Exchange Board Of India , Financial Services Pvt Ltd , Securities Services , Exchange Board , Services Ltd , Allied Financial Services Pvt Ltd , Awanish Kumar , Jitendra Kumar , Risk Management Policy , National Company Law Appellate , Finsec Law Advisor , Dalmia Cement East Limited , Services Limited , Madhabi Puri Buch , Whole Time Member ,

RSVFree: How Indians are trying (and struggling) to wriggle out of attending weddings amid a raging pandemic


Synopsis
Unable to have tough conversations within family groups fearing friction, many vent their frustration online by sly tweeting at people still going ahead with their grand wedding plans
ETtech
Illustration: Rahul Awasthi
“Opened Facebook after ages today and it’s just a combination of Mother’s Day posts, wedding photos, and Covid obituaries,” Raj Kunkolienkar (@kunksed) tweeted on Sunday.
Kunkolienkar’s post was one part observational and nine parts stemming out of frustration.
Last week, the Goa-based cofounder of Stoa School, a premier B-school, wearily tweeted about his grandmother testing positive for Covid-19 after she was “dragged for a wedding” despite his protest. ....

Raj Kunkolienkar , Bhavika Motwani , Deepu Sebastian , Rahul Awasthi , Anand Damani , Himanshu Arora , Stoa School , பாவிகா மோதுவணி , தீபு செபாஸ்டியன் , ராகுல் அவஸ்தி , ஆனந்த் தமணி , ஹிமான்ஷு அரோரா , ஸ்தொ பள்ளி ,