Sebi proposes Rs 50,000 fine for firms not cooperating with monitors

Sebi proposes Rs 50,000 fine for firms not cooperating with monitors. The Securities and Exchange Board of India (Sebi) has suggested a penalty of Rs 50,000 for each instance of non-cooperation by listed companies with monitoring agencies. These agencies would be empowered to submit reports directly to stock exchanges. Stricter enforcement measures may include freezing promoters' demat accounts.