SEBI has eased restrictions on over 150 entities against whom it had taken action in two different cases of alleged misuse of stock market platform for tax evasion and suspected money laundering activities.
SEBI had barred the company and 151 other entities in December 2015. The action was initiated for alleged tax evasion.
The entities, which were barred from the securities market in two different cases, have now been allowed certain relaxations including permission, to deal in government securities and invest in ETFs (exchange-traded funds).
Besides, they can enter delivery-based transactions in cash segment in NSE Nifty 500 index as well as S&P BSE 500 shares and subscribe to mutual funds.
Among others, these entities can tender shares lying in their demat accounts in any open offer/delisting offer under the relevant Sebi regulations.