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Sebi orders the attachment of banks, demat, MF accounts of Rainbow Industries, directorsMarket regulator Sebi ordered the attached bank accounts and the allocation and allocation of funds to Rainbow Industries and Constructions and its two directors for more than $ 11.PTIPTINew DelhiPublished on: November 09, 2020 14:57 ISTsebiImage source: PTISebi orders the attachment of banks, demat, MF accounts of Rainbow Industries, directorsMarket regulator Sebi ordered the attached bank accounts and the allocation and allocation of funds to Rainbow Industries and Constructions and its two directors for more than $ 11. Recovery procedures were initiated by the company and its directors after they failed to comply with Sebi's order. The Securities and Exchange Board of India (Sebi) in November 2018 had instructed the company and its directors to reimburse investors and interest.Rainbow Industries had raised Rs 11.36 crore on preferred shares (RPS) from investors without following the publi...
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