Sophia Finance pays Rs 5L to Sebi
However after 2004, there was no change in the holding of the promoter group during the period for which the belated disclosures were made, Sebi added.
The entity proposed to settle proceedings for the said delays in compliance of norms with a payment of Rs 2.50 lakh which was recommended by HPAC, the market regulator said.
The same was accepted by panel of whole time members of Sebi.
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