SEBI bars Subhash Chandra, Punit Goenka from holding directorial posts in listed company

SEBI said that Chandra and Goenka abused their position as directors of a listed company for siphoning off funds for their own benefit and alienated the assets of ZEE for the benefit of associate entities owned by them.

The Securities and Exchange Board of India (SEBI) on Monday passed an interim order barring Essel Group chairman, Subhash Chandra and Chief Executive Officer (CEO) of Zee Entertainment Enterprises Limited (ZEEL), Punit Goenka from holding directorial or key managerial positions (KMP) in any listed company or its subsidiaries.

Loading content, please wait...
Bar and Bench - Indian Legal news