 "sebi")
Sebi has barred Parsvnath Developers from the securities market for six months and imposed a penalty of Rs 15 lakh on the company for flouting listing rules.
The company has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in an order.
Sebi found that Parsvnath Developers Ltd (PDL) failed to make provision for the outstanding amount in ledger accounts of contractors and sub-contractors and also failed to strictly comply with Accounting Standards 7 or AS 7, which deals with construction contracts.
"Thus, I find that PDL to that extent failed in presenting a
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