SEBI Imposes Rs21.5 Lakh Penalty on Reliance Home Finance, Top Executives for Non-disclosures, Concealing Adverse Information in Forensic Audit
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs21.5 lakh on Reliance Home Finance Ltd (RHFL), the company's chief executive officer Ravindra Sudhalkar, compliance officer Parul Jain and chief financial officer (CFO) Pinkesh Shah for failing to disclose the deviation in the proceeds raised from the issue of debt non-convertible debentures (NCDs) and concealing adverse information which had the potential to paint the company in a negative light from a forensic audit report. Earlier, on 6 February 2023, SEBI rejected the settlement application filed by t...
Source: moneylife.in