Sebi restricts suspended cos from raising further capital

Taking a firm and strict stance on companies that are not in compliance with the listing requirements the capital markets regulator today barred these companies from raising further capital.

In a press statement the Securities and Exchange Board of India (Sebi) stated that, "A suspended company, its holding and/or subsidiary, its promoters and  directors shall not, issue prospectus, any offer document, or advertisement."

Sebi has imposed these strict measures to ensure ensure effective enforcement of listing conditions and improve compliance environment among the listed companies.