"There is no bar or ban imposed by Sebi on the company and its directors. The matter has been settled through voluntary consent proceedings, as stated in Sebi order," a Reliance Infrastructure spokesperson said in a statement.
Earlier on Friday, SEBI passed a consent order to settle a probe into alleged violation of regulations for foreign investment and unfair trade practices by Reliance Infra and RNRL.
The settlement came after paying Rs 50 crore as penalty. It was paid by the directors without any financial burden on the companies involved.
According to SEBI order, Anil Ambani, Reliance Infra Vice Chairman Satish Seth and three board directors Lalit Jalan, SC Gupta and JP Chalsani, are not allowed to invest in publicly-listed securities till Dec 2011. Also the R-Infra and RNRL cannot invest in secondary market till 2012.
(with inputs from PTI)