Infrastructure Leasing & Financial Services Ltd (IL&FS) group company IL&FS Financial Services Ltd (IFIN) has paid Rs13.62 lakh to settle a case of fit & proper declaration with the Securities and Exchange Board of India (SEBI).
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs6 lakh on Prashanth Gole, proprietor of Capital Grow Financial Services, for failure to resolve grievances, misleading clients assuring unrealistic returns