Question

What penalty and ban duration did SEBI impose on First

Q: Answer-What penalty and ban duration did SEBI impose on First Overseas Capital for regulatory violations?

SEBI barred First Overseas Capital from the securities market for two years and imposed a 20 lakh fine. The penalties stemmed from underwriting violations, false disclosures, and unregulated activities like property development.

Overseas Capital for regulatory violations?

A ₹10 lakh fine, 1-year ban

B ₹20 lakh fine, 2-year ban

C ₹15 lakh fine, 3-year ban

D ₹25 lakh fine, 2-year ban

E ₹20 lakh fine, 1-year ban

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What penalty and ban duration did SEBI impose on First

Solution