Tue. Aug 16th, 2022
SEBI drops proceedings against ILFS Financial Services related to alleged violation of underwriter The order came after Ministry of Corporate Affairs (MCA) forwarded a report to SEBI to ascertain if the underwriter, which is a 100 percent subsidiary of Infrastructure Leasing Financial Services Ltd (ILFS), was qualified to be a “fit and proper person” to continue as a SEBI registered intermediary.