Few weeks ago Raj kundra got arrested by Mumbai police for creating unwanted and pron content on the sites, Meanwhile SEBI ( Securities Exchange Board Of India) Fines Raj kundra and Shilpa Shetty’s firm Vihaan industries for insider trading between the stocks in 2013 to 2015.
#SEBI #Rulesandregulations #Rajkundraarrested #Insidertrading #illigalbusiness #saidlist #like #share #comment #shilpashetty
India today tweet :-
LIVE ADALAT is also tweet on this :
JUST IN : #SEBI (Securities and Exchange Board of India) imposes a penalty of Rs 3 lakhs on actor #ShilpaShetty, her husband and businessman #RajKundra, and his company Viaan Industries for violation of its Insider Trading rules.— Live Adalat (@AdalatLive) July 28, 2021
In October 2015, the company had made a preferential allotment of 5 lakhs shares to four people of which more than 51% to kundra couple. It’s worth was around 2.6 crore. It simply led them in trouble because according to SEBI rules and regulations, if a company allotted more than 10 lakhs SEBI should be informed.
SEBI has fined their firm as rupees of 3 lakhs as it wasn’t informed and disclosed within two days neither by the company nor by the promoters.
Read some other news related Raj Kundra click here