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Sebi orders attachment of bank, demat accounts of R C Overseas

Press Trust of India  |  New Delhi 

Markets regulator today ordered the attachment of and demat accounts of R C Overseas to recover dues of over Rs 9.64 lakh. The Securities and Exchange Board of (Sebi) had imposed a penalty of Rs 5 lakh on R C Overseas in the matter of Sai Info through an order dated April 21, 2010. The total dues amount to Rs 9,64,726, including annual interest and other costs. In an attachment notice, has directed the banks to attach all accounts including lockers held by R C Overseas. Also the regulator has directed the depositories -- and -- to attach all demat accounts of the firm. In a separate ruling, the regulator ordered the attachment of accounts of to recover dues of over Rs 1.89 lakh. has been given powers to attach properties and accounts, among other things, of entities which have failed to comply with the regulator's directions involving payment of penalties and other dues.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 22:05 IST
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