REGULATORY · COMPETITIVE · INDIA
SEBI fines and debars 18 entities
Change
SEBI imposed ₹2.8 crore in penalties, debarred 18 entities for five years, and directed 15 entities to disgorge ₹2.94 crore with 12% per annum interest from December 31, 2021 until payment, with the disgorged amount to be deposited into the Investor Protection and Education Fund within 45 days.
Why it matters
A 61‑page order covers an investigation period from September 1, 2020 to December 31, 2021. Fifteen entities were directed to disgorge unlawful gains totalling ₹2.94 crore plus 12% per annum interest accruing from December 31, 2021 until payment. The disgorged amount must be deposited into the Investor Protection and Education Fund within 45 days. Eighteen entities were debarred from market participation for five years.
Implications
- · 15 entities have immediate disgorgement obligations with interest accruing from December 31, 2021 until settlement.
- · Disgorged funds must be deposited into the Investor Protection and Education Fund within 45 days.
- · Five‑year debarments restrict the affected entities' ability to participate in the market for the duration.
Who is affected
- · Disgorged market participants
- · Debarred market participants
- · Administrators of the Investor Protection and Education Fund
What to watch
- · Disgorgement deposit deadline: within 45 days of March 17, 2026
- · Interest accrual start date: December 31, 2021 (accrues until payment)
Source
Topics
Law & Public Safety Regulatory Actions Business & Markets Markets Finance & Banking Financial Services