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Terming the adjudication orders passed by the Securities and Exchange Board of India (SEBI) as arbitrary and violative of the principles of natural justice, the securities appellate tribunal (SAT) has quashed and drastically reduced penalties imposed against 19 entities. ....
SEBI Penalises NSE, Former Chief Chitra Ramkrishna, 16 Others In 'Dark Fibre' Case swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
New Delhi, June 29: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The regulator has imposed a penalty of Rs 7 crore on NSE and Rs 5 crore each on Ramkrishna and Narain. Besides, a fine of Rs 5 crore has been levied on Subramanian Anand. Further, Sebi has slapped a fine of Rs 6 crore on Way2Wealth Brokers, Rs […] ....
Sebi has imposed a penalty totalling Rs 44 crore on 18 entities, including NSE, its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the dark fibre case. ....