Gensol case: MCA to take necessary action after examining Sebi order

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..... Gensol case: MCA to take necessary action after examining Sebi order
PTI News
Dated:- 21-4-2025
PTI
New Delhi, Apr 21 (PTI) The corporate affairs ministry on Monday said it will take neces .....

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..... sary action in the Gensol Engineering matter after examining market regulator Sebi's order against the company. Last week, Sebi barred the company's promoters Anmol Singh Jaggi and Puneet Singh Jaggi .....

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..... from the securities market for various violations. The order came amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concern .....

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..... s over corporate governance and financial misconduct. When contacted, the Ministry of Corporate Affairs (MCA) told PTI that it is examining the Sebi order in light of the provisions of the Companies .....

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..... Act, 2013. "Necessary action would be taken accordingly," the ministry said. PTI RAM BAL BAL
News - Press release - PIB .....

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