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The son used his mother’s trading account while working for a company as a technical analyst. Now, the mother-son duo is directed to disgorge a sum of ₹38.78 lakh within 45 days from the date of the order besides the ₹77 lakh penalty.
India Business News: India’s markets regulator has asked mutual funds to take steps to protect investors in small- and mid-cap plans amid concern that some parts of the nation’s $4.5 trillion stock market have become overly exuberant.
While brokers are deliberating on the matter, various other stakeholders, including investors, are yet to be consulted
Chandra said Sebi has been acting with a predetermined mind, and sought the minister’s intervention to safeguard minority investors.
The alternative investment fund (AIF) industry has grown over the past few years, with the investments rising to ₹3.5 lakh crore as on September30, 2023. The markets regulator proposes an approach that addresses the concerns while facilitating the ease of doing business at the same time.