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Shell-shocked, courtesy Sebi

Sebi has a fabulous top team, including intelligentsia from the industry, at the helm

Sandeep Parekh

We know from the Securities and Exchange Board of India (Sebi) circular that the Ministry of Corporate Affairs (MCA) forwarded a list of 331 companies (presumably listed ones from a larger list) to the market regulator on June 9, 2017 to take necessary action. On August 7, Sebi forwarded this list to the exchanges. We know that Sebi has not reviewed this list because the two numbers are identical — 331. Sebi has asked the exchanges to take the following action: To halt trading in the companies except once a month. Price traded can only go down and not up. People will need to pay 200 ...