Sebi Suspends New Mandates For Corporate Capital Ventures After Compliance Failures
New Delhi, Aug 18: Sebi on Tuesday barred merchant banker Corporate Capital Ventures from taking new assignments for one month over multiple regulatory lapses, including failure to update IPO track records and NISM certification deficiencies. Sebi takes regulatory action The order came after the Securities and Exchange Board of India (Sebi) conducted an inspection of Corporate Capital Ventures…
On August 18, the Securities and Exchange Board of India (Sebi) suspended Corporate Capital Ventures Pvt Ltd from taking on new assignments for a month due to multiple regulatory violations. This decision was reached after Sebi inspected the merchant banker from April 1, 2021, to January 31, 2023, uncovering several lapses. The regulator found Corporate Capital Ventures guilty of six violations, including offering misleading information on their website, failing to maintain accurate records, and not possessing the required National Institute of Securities Markets (NISM) certifications.
Sebi's Whole-Time Member Amarjeet Singh announced the restriction, prohibiting the noticee from accepting new assignments for the duration of one month from the date of the order.
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