India Inc, individuals could soon get to settle fund diversion cases

India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases. Offenders would return misappropriated funds along with interest, while also disclosing relevant details. This initiative aims to create a more realistic enforcement structure. The proposals, including a new mutual fund-specific category for portfolio management services, will be deliberated on September 24.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.