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Sebi slaps Rs 33 cr fine on 13 entities related to Sharepro Services
![IndiaTimes]()
Friday, 27 October 2023
On Friday, the Securities and Exchange Board of India (Sebi) imposed a substantial fine of Rs 33 crore on 13 individuals previously affiliated with Sharepro Services, a Register & Transfer Agent (RTA). Their scheme aimed to deceive investors in various companies and mutual funds, such as Asian Paints, Britannia, Kansai Nerolac, and UTI. This group, which included Govind Raj Rao, former MD of Sharepro Services, and Indira Karkera, VP and key operations figure, collaborated to unlawfully shift shares and dividends.
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Friday, 27 October 2023
