New Delhi, Dec 7 (PTI) Markets regulator Sebi has orderedattachment of bank and demat accounts as well as mutual fundfolios of Tatanagar Bricks Ltd to recover dues of over Rs 5lakh.
On June 29, the Securities and Exchange Board of India(Sebi) had imposed a penalty of Rs 5 lakh on the firm.
The dues, totalling Rs 5,27,466, include the initial fineof Rs 5 lakh, a 12 per cent per annum interest from the dateof the regulator's June order till December 6 amounting to Rs26,466 and a recovery cost of Rs 1,000.
Sebi has directed the banks to attach all accountsincluding lockers held by the firm, according to an orderdated December 6.
Also, the watchdog has directed National SecuritiesDepository Ltd and Central Depository Services (India) Ltd andall the mutual funds to attach the demat accounts and foliosof the company.
In a separate order dated December 6, the regulator hasalso ordered attachment of bank and demat accounts and mutualfund folios of Artex Development Ltd to recover dues of nearlyRs 2.72 lakh.
Sebi has been given powers to attach properties and bankaccounts, among other things, of entities which have failed tocomply with the regulators directions involving payment ofpenalties and other dues. PTI VRNSA.
This is unedited, unformatted feed from the Press Trust of India wire.