Sebi fines NDTV for disclosure lapses

Sebi fines NDTV for disclosure lapses

Published
Hot News Text
1 min read
Sebi fines NDTV for disclosure lapses
New Delhi, March 18 (IANS) Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure.
According to a Sebi order dated March 16, NDTV has been fined Rs 10 lakh.
Besides the firm, the regulator has fined -- Prannoy Roy, Radhika Roy, Vikramaditya Chandra and Anoop Singh Juneja -- Rs 3 lakh each.
"These people constitute the management of the company who are responsible for the day-to-day and overall operations of the company. Further, it is an admitted fact that the decision not to disclose the tax demand was a conscious decision taken by the management of NDTV," the order read.
The order comes after Sebi conducted an investigation based on a complaint received from Quantum Securities (QSl), a shareholder of NDTV, that the firm did not disclose the order of "Dispute Resolution Panel-II (DRP-II) of the Income Tax Department, within 2 days of receipt of information, to the stock exchanges".
--IANS
rv/pgh/

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!