Stocks under IBC face extra scrutiny

MUMBAI: Markets regulator Sebi and the BSE have put in place new surveillance measures for 75 stocks that belong to companies undergoing the insolvency resolution process. In some cases, this includes a payment of 100% upfront margin for buying these stocks. The new rule will be effective from Monday, the BSE said in a notice.

Meanwhile, the Insolvency and Bankruptcy Board is keeping a “vigilant eye” on the conduct of insolvency professionals and prompt actions, including cancellation of registration, can be taken against them for misdemeanours, its chief M S Sahoo told a news agency.

Please follow and like us:

Leave a Reply