Friday, October 15, 2010

SEBI DEBARS 197 FIIS ON NON- COMPLIANCE GROUNDS

Stock market regulator SEBI debarred 197 FIIs and 342 sub accounts handled by FIIs from taking
fresh position in capital markets until they comply with the SEBI directive of providing requisite
declarations and the undertaking about their structure. Failure to comply by September 30, 2010
prompted the regulator to debar these entities.

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