Question
SEBI has imposed a _________ penalty on promoters of
DHFL (Dewan Housing Finance) for violating disclosure norms.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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