Prohibition on employee participation in recovery auctions bars staff from bidding or indirectly engaging in Board-conducted disposals. Regulation 71A prohibits SEBI employees from participating, directly or indirectly, in auctions conducted by the Board for sale of movable or immovable ... Summary
Prohibition on employee participation in recovery auctions bars staff from bidding or indirectly engaging in Board-conducted disposals.
Regulation 71A prohibits SEBI employees from participating, directly or indirectly, in auctions conducted by the Board for sale of movable or immovable property arising from recovery proceedings under the relevant securities and depository statutes, covering any form of bidding or indirect involvement by staff in such Board-conducted auctions.
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