New 55% Off on All Courses - Enroll Now! Click Here

    Question

    The Securities and Exchange Board of India (SEBI) has

    classified ______cases (companies) as untraceable out of 692 cases in the ‘difficult to recover’ category with dues to the tune of Rs 73,287 crore as of March 2023.
    A 180 Correct Answer Incorrect Answer
    B 160 Correct Answer Incorrect Answer
    C 140 Correct Answer Incorrect Answer
    D 120 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Securities and Exchange Board of India (SEBI) has classified 120 cases (companies) as untraceable out of 692 cases in the ‘difficult to recover’ category with dues to the tune of Rs 73,287 crore as of March 2023.   Further, there were 341 companies in the ‘defunct company’ category as of March 2023 as against 238 in the previous year.  Overall, the regulator has dues worth Rs 1.02 lakh crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, or were unable to pay fees due to it and did not comply with its direction to refund investors’ money.

    Practice Next