2. Promoters & Insiders are not allowed to trade during trading window closure period (restricted period). This generally happens when co possess some UPSI.
In case of BCG- promoters traded in this restricted period
3. Code of Conduct of BCG as required by SEBI regulations was not as per standards
To which BCG says exchanges should have flagged this π as they expect minimum supervision from them.
SEBI says ignorance of the law is not an excuse of non-compliance
Finally SEBI has imposed penalty of INR 40 Lakhs on Brightcom and its promoters for above non compliance
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Fund Diversion
Beat The Street have raised multiple concerns on fund diversion at Varanium Cloud - some of those have been noted by even SEBI also.
The global consumption of refined copper has exhibited a remarkable upward trend over the past century, growing from 0.5 million metric tonnes in 1900 to approximately 25 million tonnes in 2020.
According to the USGS, copper reserves amounted to around 890 Mt in 2022.