SEBI freezes accounts and bans Elite Con International

Market ban and disgorgement order imposed

Capital Markets
🇮🇳
The Hindu ·
Change
India’s SEBI froze accounts, ordered ₹51.2 crore disgorgement and banned Elite Con International and associates from the securities market.
Why it matters
Regulator imposed asset freezes and initiated forensic review obligations, increasing risk of further enforcement action.
Implications
  • — Company loses market access — operations restricted
  • — Regulatory scrutiny intensifies — further penalties possible

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The Hindu
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