SEBI bans wilful defaulters from markets, company boards
Cracking a whip on 'Wilful Defaulters', SEBI has
decided to bar them from raising public funds
through stocks and bonds, and also from taking
board positions at listed companies.
SEBI has also decided to bar such defaulters from setting up market intermediaries such as mutual
funds and brokerage firms. These defaulters
would also not be allowed to take control of any
other listed company.