SEBI Bars Gensol Promoters From Holding Position Of Director

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SUMMARY

Markets regulator SEBI has barred the promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from holding the position of director or key managerial personnel

The interim order said that Gensol attempted to mislead SEBI, credit rating agencies (CRAs), lenders and investors by submitting forged conduct letters purportedly issued by its lenders

The markets regulator noted that the promoters of Gensol and their related parties/ relatives benefitted from the funds of Gensol through layered…



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SEBI Bars Gensol Promoters From Holding Position Of Director


SUMMARY

Markets regulator SEBI has barred the promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from holding the position of director or key managerial personnel

The interim order said that Gensol attempted to mislead SEBI, credit rating agencies (CRAs), lenders and investors by submitting forged conduct letters purportedly issued by its lenders

The markets regulator noted that the promoters of Gensol and their related parties/ relatives benefitted from the funds of Gensol through layered…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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