Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report  ||  Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act  ||  SC Holds Landowners Who Accept Compensation Settlements Cannot Later Seek Statutory Benefits  ||  Supreme Court: Endless Investigations and Long Delays in Chargesheets Can Justify Quashing  ||  Delhi HC: Arbitrator Controls Evidence and Appellate Courts Cannot Reassess Facts  ||  Delhi HC: ED Can Search Anyone Holding Crime Proceeds, not Just Those Named in Complaint  ||  Delhi HC: ED Can Search Anyone Holding Crime Proceeds, not Just Those Named in Complaint  ||  Delhi HC: Economic Offender Cannot Seek Travel Abroad For Medical Treatment When Available In India  ||  SC: Governors and President Have No Fixed Timeline To Assent To Bills; “Deemed Assent” is Invalid  ||  SC: Assigning a Decree For Specific Performance of a Sale Agreement Does Not Require Registration    

SEBI Levies Fine of Rs 5 Lakh on Karvy Financial Services - (24 Dec 2019)

CAPITAL MARKET

Securities and Exchange Board of India has imposed Rs 5 lakh fine on Karvy Financial Services Ltd for making requisite disclosures after a delay of nearly seven years. Moreover SEBI found that three promoters of Regalia Realty in order to obtain a project loan for the company created encumbrance on the shares held by them by way of a pledge in favour of Karvy Financial Services to secure repayment of the loan.

Tags : SEBI   KARVY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved