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Dewan Housing Finance Corporation: The order came after Sebi conducted an investigation into the transfer of shares held by DHFL in DHFL Pramerica Life Insurance (erstwhile DLF Pramerica Life Insurance) to its wholly-owned subsidiary DHFL Investments and other related transactions. ....
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh each on Kapil Wadhawan, chairman and managing director (CMD), and his brother Dheeraj Wadhawan, who is a promoter and non-executive director of Dewan Housing Finance Corp Ltd (DHFL) for non-disclosure of their share transactions in DHFL Pramerica Life Insurance Ltd (DPLI). ....
The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company. ....
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.9 crore on four former key officials of Karvy Stock Broking Ltd (KSBL) for several violations, including non-segregation of clients funds and securities, misappropriation of clients securities and diverting proceeds to group companies and illegally pledging credit clients securities with banks and non-banking finance companies (NBFCs). ....