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Brightcom Group officials settle with SEBI for financial irregularities (FY15-FY20); penalties imposed.
Summary
Two former officials of Brightcom Group have settled with SEBI due to financial statement irregularities and disclosure failures from FY15 to FY20. The officials, M Manohar and M Vijaya Bhasker Reddy, will pay a penalty and face temporary bans.
Key Points
- Brightcom Group officials settled with SEBI.
- The case involves financial statement irregularities and disclosure failures.
- Period of investigation: FY15 to FY20.
- Officials involved: M Manohar (Compliance Officer) and M Vijaya Bhasker Reddy (Independent Director).
- Penalty: Rs 12.35 lakh each, plus temporary bans.
Full Article
Two former Brightcom Group officials have settled with Sebi over alleged financial statement irregularities and disclosure failures between FY15 and FY20. Compliance officer M Manohar and independent director M Vijaya Bhasker Reddy will pay Rs 12.35 lakh each and face temporary bans from associating with the company.
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