Citing Sahara Group case, Sebi bars Kolkata Weir from raising funds from public

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Sebi has been clamping down on entities that have illegally raised money from the public. Sebi has been clamping down on entities that have illegally raised money from the public.
SummarySebi has been clamping down on entities that have illegally raised money from the public.

the company against whom the order has been issued are Sahajahan Khan, Samsul Alam Khan, Ram Krishna Mondal, Prabir Haldar, Ratan Kumar, Ajay Kumar Srivastab, Selim Laskar, Lukaman Ansari, Chandan Chowdhury, Sahajamal Khan and Lakshmi Kanta Gayen.

Sebi said the order will also serve as a show-cause notice to which the company and its promoter/directors have to reply within 15 days.

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