Markets watchdog Sebi has ordered attachment of banks and demat accounts of 11 entities to recover dues worth nearly `22 lakh imposed on them for violation of norms.
The firms against which Sebi has passed orders are Hind Developers, Munak Galva Sheets, Navin Chemicals Manufacturing and Trading Company, Cepham Pharmaceuticals, Cepham Organics, Intercraft, Sanjay Agro Industries, Jai Mata Industries, Majestic Overseas, 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 `21,90,935.