Question
How long has SEBI banned First Overseas Capital from
participating in the securities market?ÂSolution
SEBI banned First Overseas Capital, an investment banking firm, for two years and imposed a ₹20 lakh fine for violating underwriting norms, submitting false data, and conducting unauthorized non-market activities. The company also breached the 20x underwriting limit and took public deposits to meet obligationsÂ
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