Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms

Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms

Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya. The regulator also told Embassy Office Parks to appoint an interim CEO with immediate effect. This interim order follows a previous order by the National Financial Reporting Authority (NFRA), which debarred Maiya … Read more