DLF’s Top Management betrayed the investors faces ban for 3 years by SEBI

A big shocking scam has taken place at the time of  Equity Offers of the Real Estate giant DLF because of which the stock market regulator SEBI had banned the top management of DLF Limited for 3 complete years for not making the adequate disclosures at the time of the offer for shares of the company to the investors.
Non disclosure of the material information to the investors during the equity offer to the investors to raise the money had been the point of attraction to penalise and bar the top management from dealing into the market.
The verdict on the Company had made the investors very vigilent and not to invest money in real estate sectors as the same had brought a negative impact amongst the whole real estate sector and also at the same time in those companies which do not follow the good corporate governance practices.
SEBI had probed with great efforts into the matter and at last had barred the directors of the Company from dealing into secondary markets.
Therefore the investors are advised to make investments in those companies with strong balance sheets.
Moreover, by the virtue of this big default the regulator had imposed severe amount of penalty which had shooked the entire Real estate sector and other industries too.
Hence, this will improvise and sensitize those who are defaulters but have not been caught hold of and other wilful defaulters thereby curbing the unfair trading practices.
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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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