July 26, Vijay Mallya News: In the instance of fugitive businessman Vijay Mallya, capital market regulator Sebi imposed a new regulation regarding the routing of cash to the Indian securities market using foreign bank accounts with UBS AG.
SEBI Cracks Down on Vijay Mallya New Restrictions
July 26, Vijay Mallya News: In the case of fugitive businessman Vijay Mallya, who used foreign bank accounts with UBS AG to route funds to the Indian securities market, capital market regulator Securities and Exchange Board of India (Sebi) on Friday issued an order prohibiting him from using the nation’s securities market for three years starting immediately.
Mallya is prohibited by the most recent Sebi decision “from buying, selling or otherwise engaging in securities trading, whether directly or indirectly, or having any connection to the securities market at this time.
Vijay Mallya notice, SEBI Cracks Down on Vijay Mallya New Restrictions
Additionally, Vijay Mallya was prohibited by Sebi from “in any capacity, directly or indirectly” working with any listed business or one that was suggested to be listed.
According to Sebi’s ruling, the Noticee (Vijay Mallya)’s current holdings of securities, including his holdings of mutual fund units, will be frozen throughout the term of constraint.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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