India Inc, individuals could soon get to settle fund diversion cases
India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases.
Offenders would return misappropriated funds along with interest, while also disclosing relevant details.
This initiative aims to create a more realistic enforcement structure.
The proposals, including a new mutual fund-specific category for portfolio management services, will be deliberated on September 24.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
