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    Question

    SEBI has imposed a _________ penalty on┬а┬а promoters of

    DHFL (Dewan Housing Finance) for violating disclosure norms.
    A Rs.4 crore Correct Answer Incorrect Answer
    B Rs.6 crore Correct Answer Incorrect Answer
    C Rs.8 crore Correct Answer Incorrect Answer
    D Rs.10 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ┬а The Securities and Exchange Board of India (SEBI) has slapped a Rs 6-crore penalty on erstwhile promoters of DHFL (Dewan Housing Finance) for violating disclosure norms.┬а The capital markets regulator named former promoters of DHFL тАФ Kapil Wadhawan, Dheeraj Wadhawan, Rakesh Wadhawan and Sarang Wadhawan, among others for violating norms related to disclosures.┬а In January 2019, the regulator was probing allegations that the Wadhawans had misled shareholders by claiming that the promoter holding in DHFL was 39.23%.

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