Tax evasion through stocks: Sebi revokes ban on 307 entities

Also, Sebi would continue its proceedings against 96 remaining debarred entities

The Securities and Exchange Board of India (Sebi) has revoked the ban on 307 entities, which had come under scanner between 2014 and 2016 for alleged manipulation and misuse of the stock market platform for tax evasion.

However, Sebi would continue its proceedings against 96 remaining debarred entities, as multiple violations have been found in their case.

In two separate orders, the markets regulator said its detailed investigations did not show any violation of the Sebi rules against fraudulent and unfair trade practices by 91 entities in the First Financial case, while probe into another matter showed that no violation