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The restraining order is following an investigation that revealed that the above-mentioned officials were involved in round-tripping of the companys funds to falsely portray receipt of proceeds through preferential allotment of shares.
Now, merchant bankers, debenture trustees, registrar to an issue, share transfer agent and a know your client registration agency will redress investor grievances within 21 days, according to a notification issued on Thursday.
The regulator said principles of stewardship code would apply to members, nominated by the unitholders, on the board of directors of investment managers of REIT
The Primary Market Advisory Committee (PMAC) has made certain recommendations, including alternatives for reverse book building process to discover the delisting price
Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity