The broader market extended losses for a second day, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.6 per cent and 1.1 per cent, respectively
Sebi highlighted multiple lapses, including the firm's failure to conduct an annual audit and its practice of charging clients fees in both fixed and assets-under-advice (AUA) modes
Industry players said the sharp sell-off in February forced many companies to put off their listing plans