Sebi slaps Rs 1 cr fine on individual in DSQ Software case
Sebi carried out an investigation into sharp fluctuation in the company's share price during 1999-2001 period. The price of shares fluctuated from Rs 250 in October 1999 to Rs 2,631 in March 2000 and then to Rs 150 by March 2001.
Sebi slapped a fine of Rs 1 crore on a former promoter of DSQ Software for failing to comply with its directions passed more than 14 years ago. Image source: Reuters