Sebi proposes Rs 50,000 fine for firms not cooperating with monitoring agencies

What happened: Sebi proposed a Rs 50,000 fine for each instance of non-cooperation by listed companies with monitoring agencies. Agencies could report directly to stock exchanges, with stricter steps like freezing promoters' demat accounts. Key numbers: Rs 50,000 fine per instance. Why it matters: The proposal aims to ensure better accountability for how funds raised through public issues are used, tightening enforcement on companies that miss prescribed information timelines.

Sebi proposes Rs 50,000 fine for firms not cooperating with monitors.

Sebi proposes Rs 50,000 fine for firms not cooperating with monitors. — impact context not separately stored; see What changed.