SEBI GOES SESSION COURT AGAINST RELIANCE FOR ALLEGED VIOLATION OF COMPANIES ACT

Highlights

• According to Reliance Industries Limited (RIL), this matter is related to the debentures issued with convertible warrants two decades ago

• RIL co-operated with the Sebi and has produced ample evidence that establishes it has not violated Section 77 of the Companies Act said the company in a stock exchange notification

• RIL said the Sebi has already issued a show cause notice for levy ....