 "Sebi")
The Securities and Exchange Board of India (Sebi) has decided to take no action against two of the former directors of Zylog Systems in relation to alleged violation of its regulations.
The order comes in connection with an allegation that the company did not pay the dividend declared by it in September, 2012. Market regulator has issued show cause notices to two of the directors, S Rajagopal and V K Ramani, as to why suitable directions for violation of the Companies Act, 1956 should not be issued against them.
According to the provisions, the directors were statutorily required
The order comes in connection with an allegation that the company did not pay the dividend declared by it in September, 2012. Market regulator has issued show cause notices to two of the directors, S Rajagopal and V K Ramani, as to why suitable directions for violation of the Companies Act, 1956 should not be issued against them.
According to the provisions, the directors were statutorily required
