Wilful defaulters can't tap mkts

1. Sebi: Wilful defaulters can't
tap mkts

2. Contd…
Market regulator Sebi on Thursday notified rules aimed at banning
wilful defaulters from raising money from the markets. The rules will
impact companies and individuals categorized as `wilful defaulter' by
the RBI. The entities who could be banned include promoters and
directors, as well as the company .The Sebi move comes at a time when
the government and the RBI are fighting a menace that is partially
responsible for the huge pile-up of non-performing assets (NPAs),
mainly in public sector banks. Earlier in March this year, when the
controversy around loan default by flamboyant Indian businessman
Vijay Mallya was at its peak, the Sebi board had taken a decision on
banning wilful defaulters from the market. It has now been notified.

3. For Details and Appointment contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015