Sebi slaps Rs 12 L fine on merchant banker in Onelife Capital IPO case
Markets regulator Sebi today imposed a fine of Rs 12 lakh on merchant banker Atherstone Capital Markets for mis-statement and non-disclosures of material developments in the IPO papers of Onelife Capital Advisors. The regulator, through an interim order in December 2011, has barred Atherstone from taking up any new assignment as merchant banker till further directions. These directions were confirmed by Sebi in January 2013 and continued to be in force till July 2016. “For the purpose of imposing penalty, I have considered the prohibition already undergone by noticee (Atherstone)…
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