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Bombay high court ruling raises questions on Sebi's power to freeze demat accounts of promoters for non-compliance

By Livemint - 2 months ago
The Bombay high court imposed a penalty of ₹80 lakh on Sebi and the exchanges for freezing the demat accounts of people erroneously classified as promoters, suggesting there should be a shift from promoter to person in control for accountability.

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