The firms against which Sebi has passed orders are
Munak Galva Sheets,
Navin Chemicals Manufacturing and Trading Company,
Sanjay Agro Industries,
Jai Mata Industries,
Anmol Drugs and Pharmaceuticals and
Ambuja Agro Industries.
These entities were found guilty of violating various norms including not resolving investors’ grievances.
The pending dues include fines imposed on them along with interest, charges, expenses and other costs.
The Securities and Exchange Board of India (Sebi) has imposed penalties on these entities for violating various capital markets regulation.
To recover penalties from defaulters, Sebi has ordered attachment of bank and demat accounts of these 11 companies to recover dues worth Rs 21,90,935
In separate attachment orders, dated October 21, Sebi has asked banks to attach all accounts including lockers held by the entities.
The regulator “further ordered with immediate effect that no debit shall be made in the said accounts until further orders. However, the credits, if any, into the account may be allowed.”
Similarly, the regulator has directed depositories — NSDL and CDSL — to attach all demat accounts of the defaulters.
The capital market watchdog told the banks and the depositories that there was “sufficient reason” to believe that defaulters may dispose of the amounts/proceeds in the bank and securities accounts respectively and “realisation of amount due under the certificate would in consequence be delayed or obstructed.”
The market regulator has been given powers to attach properties and bank accounts, among other things, of persons and entities which have failed to comply with directions involving payment of penalties and other dues.