- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Who is Sunil Lulla, on whom Sebi imposed Rs 5000000 fine for violating market norms?
Last year, Sebi also barred Sunil Lulla from holding the position of a director or key managerial personnel in any listed company
Updated : Nov 03, 2024, 05:50 PM IST
 "Who is Sunil Lulla, on whom Sebi imposed Rs 5000000 fine for violating market norms?")
TRENDING NOW
)
Salman Khan reacts after Bollywood remains silent on Sikandar, says 'I need support': 'They think I don't...'
)
Casting couch scandals resurface: Tamil actress Shruthi Narayanan's viral video sparks fresh debate in film industry
)
This child actor in Kajol's arms appeared in Ishq, now gives blockbuster with Aamir Khan; can you recognise her?
)
Govt loses Rs 17570000000 as BSNL fails to bill Mukesh Ambani's Reliance Jio for...
)
Throwback video: Mukesh Ambani would want to go on date with this actress, while Nita Ambani with this politician
)
CSK vs DC IPL 2025 Dream11 prediction: Fantasy cricket tips, probable playing XIs, team news, injury updates for Chennai Super Kings vs Delhi Capitals
)
Who is Rishi Parti, man who bought most expensive penthouse at Gurugram's DLF Camellias for Rs 190 crore, built company at 24, his business is...
)
Meet Chandrakumari Raghuram Shetty, wife of BR Shetty, Dubai billionaire who had to sell his company for just Rs 74
)
Panchayat Season 4 release date: Jitendra Kumar aka Abhishek Tripathi is back as Sachiv ji; Prime Video's hit show to release on...
)
This superstar 'lost control' during intimate scene with Madhuri Dixit, bit her lip, left her bleeding, in tears, film became superhit, it was..
)
'You don't have image or talent': Meet 'average actor' who was insulted by Rishi Kapoor, he later became star with.., has net worth of...
)
Meet Zerodha CEO Nithin Kamat's wife, fought cancer, is now company's Chief of Quality, her net worth is Rs...
)
Meet Aaryapriya Bhuyan, CSK fangirl who won millions of hearts after her viral reaction to MS Dhoni's wicket against RR in IPL 2025
)
Forget Aabha Paul, check out 5 hot pics, videos of Kangana Sharma
)
Meet Mohini Mohan Dutta, mystery heir named in Ratan Tata's will for Rs 500 crore property, he is from...
Markets regulator Sebi has slapped a fine of Rs 50 lakh on Sunil Arjan Lulla in a case related to the violation of regulatory norms. He is the promoter and former MD of Eros International Media. In June 2023, Sebi passed an interim order, wherein the regulator prohibited five entities, including Sunil Lulla, from securities markets in a case on the possible diversion of funds based on prima facie findings.
The regulator also barred Sunil Lulla from holding the position of a director or key managerial personnel in any listed company, including Eros or its subsidiaries or any Sebi-registered intermediary until further orders. Thereafter, Sunil Lulla appealed before the Securities Appellate Tribunal (SAT) against Sebi's interim order. However, the tribunal upheld the order of the regulator in August 2023.
In October 2023, the regulator confirmed the ban against them. Sunil has been associated with the production of around 50 feature films. He has over 20 years of experience in the media and entertainment industry. He is the brother of Kishore Lulla, the chairman of Eros International plc. He has been associated with the company`s expansion ever since his induction in the mid-2000s. Sunil received a bachelor's degree in commerce from Mumbai University.
READ | Mukesh Ambani's Reliance earns Rs 15393 crore during festive season, market cap reaches Rs...
The markets watchdog observed that Sunil Lulla had failed to comply with Sebi's directions and did not resign from the directorship of Eros International Media, and allegedly failed to comply with the order of the regulator's adjudication proceedings, which was initiated in respect of him. Thereafter, the regulator issued a show-cause notice to Sunil Lulla on April 22, 2024.
In its fresh order, Sebi noted that Sunil Lulla had resigned from his position with effect from July 31, 2024, i.e. more than 13 months, that too only after receiving the notice before launching of prosecution on July 4, 2024, by the market regulator against him.
(With inputs from PTI)
