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    Question

    SEBI has imposed a _________ penalty on   promoters of

    DHFL (Dewan Housing Finance) for violating disclosure norms.
    A Rs.4 crore Correct Answer Incorrect Answer
    B Rs.6 crore Correct Answer Incorrect Answer
    C Rs.8 crore Correct Answer Incorrect Answer
    D Rs.10 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      The Securities and Exchange Board of India (SEBI) has slapped a Rs 6-crore penalty on erstwhile promoters of DHFL (Dewan Housing Finance) for violating disclosure norms.  The capital markets regulator named former promoters of DHFL — Kapil Wadhawan, Dheeraj Wadhawan, Rakesh Wadhawan and Sarang Wadhawan, among others for violating norms related to disclosures.  In January 2019, the regulator was probing allegations that the Wadhawans had misled shareholders by claiming that the promoter holding in DHFL was 39.23%.

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