2 weeks ago

Sebi Suspends Corporate Capital Ventures' New Mandates Over Compliance Lapses

Sebi Suspends Corporate Capital Ventures' New Mandates Over Compliance Lapses
Sebi Suspends New Mandates For Corporate Capital Ventures After Compliance Failures · freepressjournal.in

There is a referee in India who makes sure the stock market is fair.

Its name is SEBI.

SEBI checks companies that help other companies sell shares to people.

One of those helper companies is called Corporate Capital Ventures.

SEBI looked at their work and found they broke some rules.

They gave wrong information on their website and did not keep good records.

Their workers also did not have the special certificates they needed.

So SEBI said the company cannot take any new jobs for one month.

The company can still finish the jobs it already has.

This punishment helps make sure companies follow the rules.

Key facts

Regulator
Securities and Exchange Board of India (Sebi)
Company
Corporate Capital Ventures Pvt Ltd
Penalty
One-month suspension from taking new assignments
Violations found
Six
Inspection period
April 1, 2021 - January 31, 2023
Key compliance failures
Misleading website information, record-keeping lapses, NISM certification deficiencies
Ordering authority
Whole-Time Member Amarjeet Singh
Location
New Delhi

Quotes

Amarjeet Singh

Sebi Whole‑Time Member

“"I...prohibit the noticee, i.e., Corporate Capital Ventures Private Limited, from taking new assignments for a period of one month from the date of this order."”
freepressjournal.in

Sources

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