IL&FS Financial Services settles 'fit and proper' declaration case with Sebi; pays Rs 13.65 lakh
This comes after IL&FS proposed to settle the case "without admitting or denying the findings of fact and conclusions of law" through a settlement order.
IL&FS Financial Services Ltd has settled with markets regulator Sebi a case pertaining to alleged non-submission of 'fit and proper' declaration to the exchange after paying Rs 13.65 lakh.