SEBI in touch with RBI on dealing with willful defaulters

Capital markets regulator Securities and Exchange Board of India (SEBI) said it is in consultation with the Reserve Bank of India on regulations around wilful loan defaulters and will be finalising norms on the same soon.  The banking watchdog has reportedly been mulling a ban on capital raising activities by such entities. RBI is devising ways of sharing real time information on such activities with the capital market regulator.


Disclaimer

The information in this private circulation is not legal advice and should not be treated as such. The information is taken from public domain and is purely for private and non- commercial purposes. We do not represent that the information is correct, accurate, complete or non- misleading.

This disclaimer will be governed by and construed in accordance with laws of India, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of the Republic of India.

Leave your comment

*

code