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<a href="http://www.accessmylibrary.com/article-1G1-268051798/sebi-bars-19-entities.html" title="Facts and information about SEBI BARS 19 ENTITIES FOR GDR MANIPULATION (and instructs NSDL and CDSL to freeze beneficial owner accounts).">SEBI BARS 19 ENTITIES FOR GDR MANIPULATION (and instructs NSDL and CDSL to freeze beneficial owner accounts).</a>
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SEBI BARS 19 ENTITIES FOR GDR MANIPULATION (and instructs NSDL and CDSL to freeze beneficial owner accounts).
The Securities & Exchange Board of India (SEBI) has banned Pan Asia Advisors and Mr Arun Panchariya from functioning as intermediaries in the securities market owing to their role in structured global depository receipts (GDR) transactions.
They have also been accused of manipulating the market.
SEBI has also debarred 10 other companies from trading in stocks and shares.
It …
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- SEBI bars 19 entities for GDR manipulation.
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News wire article from: Business Line
September 22, 2011
700+ words
