SEBI’S Highest Ever Penalty – PACL, Fined with a Record Rs 7,269 Crore

• The SEBI has slapped its highest ever  fine of  7,269 crore, on PACL and its directors.
• The reason is for failing to register the company’s collective investment scheme (CIS).
• The CIS took thousands of crores from small investors.
• PACL, formerly Pearl Agrotech Corporation, is in the business of realty and land development.