SEBI Imposes Penalties on Non-Executive Director of Vanishing Company; Orders Removal from Defaulting Directors List.

Defaulting director of a ‘Vanishing Company’ - Restrictions / Penalties imposed by the SEBI - Non-executive director, not holding any share - there is material to indicate that the petitioner is an officer in default - respondent directed to remove the petitioner’s name as a defaulting director of a ‘Vanishing Company’, including from the list as published on its website. .....

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