SEBI Levies Fine of Rs 5 Lakh on Karvy Financial Services - 24.12.2019

Securities and Exchange Board of India has imposed Rs 5 lakh fine on Karvy Financial Services Ltd for making requisite disclosures after a delay of nearly seven years. Moreover SEBI found that three promoters of Regalia Realty in order to obtain a project loan for the company created encumbrance on the shares held by them by way of a pledge in favour of Karvy Financial Services to secure repayment of the loan.

Tags : SEBI Karvy

Share :