SEBI court convicts woman for failure to pay ₹5L penalty
The Free Press Journal|September 11, 2024
64-year-old woman from Nallasopara failed to pay the ₹5 lakh penalty for indulging in circular trading of shares of Prraneta Industries Ltd
Charul Shah Joshi

A special SEBI court has convicted a 64-year-old woman from Nallasopara after she failed to pay the Rs5 lakh penalty imposed on her for indulging in circular trading of shares of Prraneta Industries Ltd (PIL). The court, considering her age, imposed a fine of Rs7 lakh on her.

While showing leniency to Shila Suryavanshi, the court observed, "The accused is a lady. She is 64 years old.

This story is from the September 11, 2024 edition of The Free Press Journal.

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This story is from the September 11, 2024 edition of The Free Press Journal.

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