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Defaulters cannot take public issues: SEBI

Sat, Mar 12, 2016, 04:09 PM
Securities and Exchange Board of India (SEBI) has laid down stricter rules for share holders, in the wake of Vijay Mallya case. Defaulters cannot take public issues, it said. Also it has stopped them from buying shares of listed companies. The rules were made after the Vijay Mallya issue. The new rules are applicable to all those who indulge in share marketing.
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