Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others ...Middle East

Business Standard - Economy
Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others
source : Business Standard ( Middle East ) () 53
Sebi on Tuesday imposed penalties totalling Rs 35.67 crore on PNB Finance and Industries Ltd, Camac Commercial Company Ltd and various other entities, including promoters Samir Jain and Meera Jain who have also been barred from the securities market. Apart from the market ban, Samir Jain and Meera Jain have been restrained from holding any key managerial position or associating with any listed public company. These restrictions will be in place till the two companies comply with the minimum public shareholding requirement under Sebi norms, according to two separate orders. Listed companies are required to have at least 25 per cent public shareholding. As per Sebi, the two companies did not m

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