The Securities and Exchange Board of India (SEBI) issues an order barring Zee Entertainment Enterprises’ executives Punit Goenka and Subhash Chandra from dealing in securities for one year. SEBI also imposes a penalty totaling ₹1.48 crore. According to the regulator, the action is based on findings related to governance failures, undisclosed transactions, and misuse of company assets. The order restrains both individuals from buying, selling, or otherwise dealing in securities during the one-year period. The sources indicate that SEBI’s measures combine a trading restriction with a monetary penalty, reflecting the regulator’s view that the conduct breached regulatory expectations and harmed proper governance and disclosures. The decision is presented as an enforcement action under SEBI’s regulatory framework, with the trading ban operating separately from the fine. The overall reporting focuses on SEBI’s stated grounds—governance lapses, lack of disclosure regarding certain transactions, and alleged misuse of assets—alongside the specific duration of the ban and the penalty amount.
SEBI bars Punit Goenka and Subhash Chandra from trading for one year, fines them ₹1.48 crore
The Securities and Exchange Board of India (SEBI) issues an order barring Zee Entertainment Enterprises’ executives Punit Goenka and Subhash Chandra from dealing in securities for one year. SEBI also...
- SEBI bars Punit Goenka and Subhash Chandra from dealing in securities for one year.
- SEBI imposes a combined penalty of ₹1.48 crore.
- SEBI cites governance failures as part of its findings.
- SEBI cites undisclosed transactions in support of the action.
- SEBI cites misuse of company assets as a reason for the enforcement measures.
Under the order, Punit Goenka and Subhash Chandra have each been restrained from buying, selling or otherwise dealing in securities for one year.
3 hours agoThe regulator cited governance failures, undisclosed transactions and misuse of company assets while imposing penalties and market restrictions
14 hours agoOver 10 million SRD grant applications rejected in 2025/26 financial year
Government reports that more than 10 million applications for South Africa’s Social Relief of Distress (SRD) grant are r...
Princess of Wales’ espadrille wedges reportedly appear in John Lewis sale
Multiple reports say the Princess of Wales’ preferred summer footwear—espadrille wedges—has been listed as part of a sal...
Article Lists Smart Kitchen Gadgets Including Quiet Coffee Machines and Invisible Hobs
Two editions of the Daily Mail publish a lifestyle list of smart and upgraded kitchen products, presenting them as ways...