Skip to main content

SEBI orders attachment of bank, demat accounts of 22 entities

SEBI orders attachment of bank, demat accounts of 22 entities
The decision was taken after the entities failed to pay the fine imposed on them by Sebi for violating securities regulation in 20 different cases.Markets regulator SEBI has ordered attachment of bank accounts as well as share and mutual fund holdings of 22 entities, including individuals, to recover dues totalling Rs 2.8 crore.
The decision was taken after the entities failed to pay the fine imposed on them by Sebi for violating securities regulation in 20 different cases.These entities include Triumph International Finance India, Innovision E-Commerce, DPS Shares and Securities, Systel Infotech and T H Vakil Shares & Securities.
The pending dues range from Rs 54,000 to Rs 70 lakh.In 20 attachment orders dated December 21, the Securities and Exchange Board of India directed the banks to attach all accounts, including lockers held by these 22 entities.
Also, the regulator has directed the depositories -- NSDL and CDSL -- and the mutual funds in India to attach all demat accounts and the mutual fund folios of these entities.The pending dues -- totalling Rs 2.8 crore -- include the initial fine, interest amount and a recovery cos
"There is sufficient reason to believe that the defaulter may dispose of the amounts or proceeds in the bank accounts held with your bank securities or instruments in the demat accounts or mutual fund held with you and realisation of amount due under the certificate would in consequence be delayed or obstructed," Sebi said in similar worded attachment orders.
The Mint, New Delhi, 28th December 2017

Comments

Popular posts from this blog

Deposit gush:-CA Institute Bats for Special Audit

Obligation for the Month of May 2017

Obligation for the Month of May 2017 Event DateActApplicable FormObligation6-May-2017Service TaxChallan No.GAR-7E-Payment of Service Tax for April by Cos7-May-2017Income TaxForm No.27C (TCS)Submission of Forms received in Apr  to IT Commissioner7-May-2017Income TaxChallan No.ITNS-281Payment of TDS/TCS deducted/collected in Apr10-May-2017ExciseER-1Return for Non SSI assessees for Apr10-May-2017ExciseER-2Return for EOUs for Apr10-May-2017ExciseER-6Return by units paying duty >  1 crore (CENVAT + PLA) for Apr12-May-2017D-VATBE - 2Advance information for 2nd fortnight of May of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi15-May-2017D-VATDVAT-20Deposit of DVAT TDS for  Apr15-May-2017Income TaxForm 27EQTCS Returns by ALL Collectors15-May-2017Providend FundElectronic Challan cum Return (ECR)E-Payment of PF for Apr15-May-2017D-VATDVAT-48 Return of DVAT TDS for quarter ending March21-May-2017ESIESI ChallanPayment of ESI of Apr21-May-2017M-VATMVAT ChallanPa…

RBI minutes show MPC members flagged upside risks to inflation

RBI minutes show MPC members flagged upside risks to inflation Concerns about economic growth and easing inflation prompted five of the six monetary policy committee (MPC) members to call for a cut in the repo rate, but most warned that prices could start accelerating, show the minutes of the panel’s last meeting, released on Wednesday. The comments reflected a tone of caution and flagged upside risks to inflation from farm loan waivers, rise in food prices, especially vegetables, price revisions withheld ahead of the goods and services tax, implementation of house rent allowance under the 7th pay commission and fading of favourable base effect, among others. On 2 August, the panel chose to cut the repurchase rate—the rate at which the central bank infuses liquidity in the banking system—by 25 basis points to 6%. One basis point is one-hundredth of a percentage point. Pami Dua, professor at the Delhi School of Economics, wrote that her analysis showed “a fading economic growth outlook, as …