India's SEBI fines 18 entities ₹2.8 crore and debars them for five years
Change
India's SEBI ordered 15 entities to disgorge unlawful gains totalling ₹2.94 crore with 12% annual interest from December 31, 2021, and required that penalty amounts be deposited into its Investor Protection and Education Fund within 45 days of the March 17, 2026 order.
Why it matters
The order restricts the affected accounts' access to India's securities markets and reduces their ability to monetise holdings in illiquid stocks. It signals heightened enforcement against coordinated trading and the use of recommendation channels that create artificial volumes.
Implications
- • The 15 entities ordered to disgorge must transfer ₹2.94 crore plus 12% per annum interest from December 31, 2021 to SEBI in accordance with the order.
- • The 18 penalised entities must deposit the combined ₹2.8 crore penalty into SEBI's Investor Protection and Education Fund within 45 days of the order.
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Topics
Regulatory Actions Compliance Markets Capital Markets Financial Services