Sebi bans Karvy Stock Broking, promoter from securities market for 7 years; fines Rs 21 crore

While Parthasarathy has been restrained from holding the post of director, or any key managerial position in any listed public company and associating with any registered intermediary for 10 years, the same for KSBL's then directors -- Bhagwan Das Narang, Jyothi Prasad -- is two years.

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