This content is restricted.
Brief
On "04/11/2024", the "Securities and Exchange Board of India" issued an update regarding "Interim Order in the matter of Embassy Office Parks Management Services Private Limited ". The SEBI has directed the Noticee to suspend Mr. Aravind Maiya from acting as its CEO and appoint an interim CEO with immediate effect, in compliance with applicable laws including 'fit and proper person' criteria, till further directions or till the NFRA Order dated August 19, 2024 is stayed/stayed aside, whichever is earlier.
The Noticee is also directed to ensure compliance with 'fit and proper person' criteria. The SEBI has issued this order in exercise of its powers under sections 11, 11(4) and 11B(1) read with section 19 of the SEBI Act, 1992, which shall be in force until further orders.
Highlights content goes here...
This content is restricted.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
