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Sebi bans Emerging India Infra, directors from securities markets for 6 years

Updated : October 25, 2018 10:55 PM IST

The regulator had in June 2015 through an interim order barred the company and its directors from raising fresh capital from the public after it prima facie held that the firm was running CIS without obtaining registration from Sebi.
In its final order, Sebi concluded that the firm was running CIS without registration and found that it collected "at least" Rs 11.27 crore from 2,554 investors during 2010-11 through its "sale of plots" scheme.
Sebi bans Emerging India Infra, directors from securities markets for 6 years

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