Within a year of its listing, the Indian Bonds and Transaction Board (SEBI) Kalhridan Trends, its managing director Niranjan de Agarwal and two others have been banned from the bond market allegedly involved in false and false communications for material manifestations and stock markets.
Investigations have revealed that the HDFC bank has complained about the defaults of the Small and Medium Corporation (SME) that its debt has not been released. SEBI also discovered false manifestations of the formation of a Bangladeshi company Beximcorp textile and the expansion of the company.
“False and False Corporate Announcements have favorablely affected the price and trade level in the script. The company seems to have issued corporate announcements to paint a rumor image of the company’s chances and to trade investors to trade in the company’s stock. Complete Member Aswani Bhatia said in the interim order-queue-sho-showing announcement.
SME approved the release of the rights worth $ 21 billion that interim directions are essential, and on February 23, the IPO-IPO promoter will end the locking, which will allow you to get out of the company, “leaving bad investors in Larch. ”
“If more fundraiser is not stopped, public shareholders, inspired by the false and false corporation announcements made by the company in the past, may be tempted to invest more in the company and suffer a long time loss,” SEBI said.
SME and others have been asked to show the reason why an investigation and fine cannot be imposed. They have 21 days to respond to an interim order or objection.
