The order said Brickwork must ensure that no more than a quarter of the members of the new board are related or connected to the founders and present management.
Market regulator Securities and Exchange Board of India (SEBI) has suspended the registration of Indore-based Pinnacle Market Investment Advisory Pvt Ltd (PMIA) for three years for violating various rules and regulations for investment advisors (IAs).
Market regulator Securities and Exchange Board of India (SEBI) has barred 65 entities from markets for two years while directing 27 entities to disgorge unlawful gains worth Rs40.23 crore earned by manipulating the share price of Yamini Investment Ltd.
SEBI had ordered that Chandra and Goenka cannot hold directorial positions pending the completion of investigation against them, which was ordered to be completed in eight months.