In the event of non-payment, markets watchdog will recover by seizing and selling their assets. They also face attachment of their bank accounts and police arrests.
In the event of non-payment, the markets watchdog said it will recover the amount by attaching and selling their moveable and immoveable properties. They will also face attachment of their bank accounts and arrest.
The regulator, through an order passed on February 28, levied a fine of Rs 42.01 lakh on HKGS, Rs 31.51 lakh on Kamal Agarwal, Rs 6.31 lakh on Rajesh Mavani and Rs 3.16 lakh each on Kiran Nagpal, Pavan Kale, Arvind Sharma and Amit Khandelwal.
With Upstox Start your investment in the stock market.