Sebi orders attachment of bank, demat accounts of four firms

Market regulator Sebi has ordered attachment of bank and demat accounts of four companies to recover dues totalling over Rs 4500000 for violation of capital market norms.The companies in question are Eider Infotech, Montari Industries, SKS Limited and Woolways India. The pending dues include fine imposed along with interest, charges, expenses and other costs.The latest orders came after the companies failed to pay the fine imposed by Sebi's adjudicating officer in the cases of breach of rules.Attachment of bank and demat accounts of Eider Infotech has been ordered to recover Rs 36,95,110. The recovery figures stand at Rs 3,73,507, Rs 3,66,712 and Rs 1,25,000, for Montari Industries, SKS Limited and Woolways India, respectively.The watchdog has also sought details of the accounts held by the entities, including account statements.Sebi has been given powers to attach properties and bank accounts, among other things, of persons and entities which have failed to comply with directions involving payment of penalties and other dues.