INSUBCONTINENT EXCLUSIVE:
As many as 1,690 entities, consisting of people, stopped working to pay penalties enforced by Sebi till completion of May, according to the
regulator.The list of defaulters as on May 31, 2018 for non-payment of penalty enforced by Sebi through orders passed up to December 31,
2017 has been published today by the regulator on its website.The defaulters include people along with companies that failed to pay fines
for various offences connected to the securities market.While particular charges are as small as Rs 15,000, other charges run into a couple
of lakhs and even crores of rupees.These offenses pertained to offering unregistered portfolio management services, failure to redress
investors grievances and unauthorised collection of money from investors, among others.Some fees are pending since 1998 and numerous cases
are also in courts and at other forums.The Securities and Exchange Board of India (Sebi) is likewise exercising its powers to attach bank in
addition to demat accounts and other assets for healing of the dues.The guard dog has powers to recover penalties enforced by the
Adjudicating Officer, quantity directed to be disgorged and cash ordered to be reimbursed to the regulator
