Sebi slaps Rs 12 cr penalties on 2 Sahara Group firms, Subrata Roy, others in OFCD issuance case
The two companies had issued the OFCDs during 2008 and 2009 period, and were allegedly done in contravention of the provisions of the Sebi's ICDR (Issue of Capital and Disclosure Requirements) Regulations and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules.