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Sebi cracks whip on 1,800-cr tax evasion case
Highlights
In a fresh clampdown on entities misusing stock markets for evading taxes, watchdog Sebi on Friday imposed trading restrictions on 33 entities and suspended trading in one listed company, which have been found to have made undue gains of over Rs 1,800 crore. While 24 entities have been barred from the entire capital markets, nine others have been restrained from trading in the shares of Kamalakshi Finance Corp Ltd.
Mumbai: In a fresh clampdown on entities misusing stock markets for evading taxes, watchdog Sebi on Friday imposed trading restrictions on 33 entities and suspended trading in one listed company, which have been found to have made undue gains of over Rs 1,800 crore. While 24 entities have been barred from the entire capital markets, nine others have been restrained from trading in the shares of Kamalakshi Finance Corp Ltd.
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