India Inc, individuals could soon get to settle fund diversion cases
India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases. Offenders would return misappropriated funds along with interest, while also disclosing relevant details. This initiative aims to create a more realistic enforcement structure. The proposals, including a new mutual fund-specific category for portfolio management services, will be deliberated...
Key Takeaways
- India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases.
- Offenders would return misappropriated funds along with interest, while also disclosing relevant details.
- This initiative aims to create a more realistic enforcement structure.
India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases. Offenders would return misappropriated funds along with interest, while also disclosing relevant details. This initiative aims to create a more realistic enforcement structure. The proposals, including a new mutual fund-specific category for portfolio management services, will be deliberated on September 24.
Original Publisher Attribution
This summary was curated from Economic Times.