Markets regulator Sebi has initiated recovery proceedings against defaulters to gather over Rs fifty five,000 crore, for the most part on account of its limitation on illicit money-pooling schemes.
Ever since it had been given powers in Oct 2013 to recover penalties and investors' cash collected fraudulently, Sebi has initiated nearly 900 recovery proceedings, of that over two hundred are totally completed.
The amount concerned in these proceedings stands at Rs fifty five,015 crore, together with Rs fifty two,959 large integer within the last year. This embody a complete of Rs fifty two,912 large integer in cases associated with collective investment theme (CIS) and deemed public problems and another Rs forty seven large integer to recover penalties.
More than two,500 attachment notices are issued throughout the amount below review, together with over 600 in 2015-16.
Interestingly, associate degree quantity of Rs 250 large integer has been recovered in 207 cases.
Promising high returns to the investors, many corporations have raked in unauthorised funds through varied mechanisms.
Read more at: http://dollaradvisory.com
Ever since it had been given powers in Oct 2013 to recover penalties and investors' cash collected fraudulently, Sebi has initiated nearly 900 recovery proceedings, of that over two hundred are totally completed.
The amount concerned in these proceedings stands at Rs fifty five,015 crore, together with Rs fifty two,959 large integer within the last year. This embody a complete of Rs fifty two,912 large integer in cases associated with collective investment theme (CIS) and deemed public problems and another Rs forty seven large integer to recover penalties.More than two,500 attachment notices are issued throughout the amount below review, together with over 600 in 2015-16.
Interestingly, associate degree quantity of Rs 250 large integer has been recovered in 207 cases.
Promising high returns to the investors, many corporations have raked in unauthorised funds through varied mechanisms.
Read more at: http://dollaradvisory.com
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