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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more