Markets regulator Sebi has imposed a penalty of Rs 3 lakh on CB Management Services for delaying the process of issuance of duplicate shares and failing to process transmissions of stocks within the time limit. Also, it had not maintained signature records of shareholders in certain companies. The capital markets regulator conducted an inspection of CB Management Services’ activities as a Registrar to an Issue and Share Transfer Agent from April 2017 to March 2019. Also read: Share markets to be driven by US Fed policy, RBI rate decision, foreign fund flows In his order, Sebi’s Adjudicating Officer N Hariharan …
