href="http://www.financialexpress.com/stocks.php?EXCHNG=BSE&cocode=27738" target="_blank">Omaxe Ltd and Gillette India Ltd, faced Sebi's ire.
At the same time, many illicit schemes including those promising huge returns on goat farming, emu rearing, potatoes, art funds, real estate and holiday memberships, came under Sebi radar with their perpetrators facing crackdown.
For listed companies, Sinha said, Sebi is taking actions to ensure regular disclosure about key developments.
"Although listing agreement provides for a number of things, but our information was that a big number of companies were not complying with it," Sinha said.
The new norms also provides for small investors remaining insulated while any action is taken against non-compliant companies.
"What it means is that there is a routine practice currently going on that if some company is violating requirements of listing agreement, then the trading would be suspended. That was the thing being done.
"But we came to the conclusion that this is going against the interest of the shareholders. So, the new procedure says that there would be a penalty on the promoters, penalty on others who may be in violation and then there will be stoppage of trading in promoter shares, and as a last resort, we will go for the suspension of overall trading," he said.
Besides, Sebi has also sought to improve quality of compliance by listed companies.
"If quality of the compliance is not good enough, then we have asked the exchanges to strengthen their departments of compliance and send us exception reports based on which we would initiate action. These are the measures we have taken on corporate governance," he said.
According to Sinha, the new Companies Act has also brought in a new dimension and a lot of clarity from corporate governance point of view. On its part, Sebi is also gearing up to put in place a new corporate governance code for listed companies.
Besides, Sebi took many initiatives to strengthen the framework for investor grievance redressal.
"For example, earlier the redressal for grievance between broker and a client used to take place at 4 centres in the country. This has been extended to 16 centres.
"The grievance redressal panel also earlier used to be