SEBI recommended restrictions on wilful defaulters from accessing equity and debt markets

SEBI recommended restrictions on wilful defaulters from accessing equity and debt markets

-6th Jan 2015

The Securities and Exchange Board of India (SEBI) recommended restrictions on wilful defaulters from accessing equity and debt markets. Wilful defaulters include companies or individuals who deliberately avoid repayment of dues to lenders despite having the funds. The regulator proposed that companies in which a promoter, director or a group entity is declared a wilful defaulter should not be allowed to raise money through equity, debt, or non-convertible redeemable preference share issuances.

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