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NSE co-location case: NSE to pay ₹100 crore in penalties to SEBI for lapses

The SAT today asked NSE to pay a penalty of ₹100 crore for the lapses in its systemsThe tribunal order stated that the NSE did not make any illicit gains in the co-location case ....

Chitra Ramakrishna , Chitra Ramakrishnan , Ravi Narain , Chitra Ramkrishna , Securities Appellate Tribunal , Enforcement Directorate , Nse Colocation Case ,

Sebi fines NSE and two former CEOs in co-location case, drops fraud charges


The Securities and Exchange Board of India (Sebi) on Wednesday imposed a penalty of Rs 1 crore on the National Stock Exchange (NSE) and Rs 25 lakh each on former heads Ravi Narain and Chitra Ramkrishna in a fresh order in the co-location case.
The regulator dropped the allegations of fraudulent and unfair trade practices against NSE, Narain and Chitra and has charged them for violation of the Securities Contracts Stock Exchanges and Clearing Corporations (SECC) Regulations.
The violation is of provisions pertaining to “equal, unrestricted, transparent and fair access to all persons without any bias.”
“The violations in this case are serious in nature, even though there are no investor complaints on record arising out of such violations. Such nature of default with regard to non-adherence to the laid down obligations under the SECC Regulations as observed in this case would compromise the regulatory framework and should be dealt with by imposing monetary penal ....

Ravi Narain , Chitra Ramkrishna , Exchange Board Of India Sebi On , National Stock Exchange , Exchange Board , Securities Contracts Stock Exchanges , Clearing Corporations , Securities Appellate Tribunal , Nse Colocation Case , Securities And Appellate Tribunal , ரவி நரேன் , சித்ரா ராம்கிருஷ்ணா , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி ஆன் , தேசிய ஸ்டாக் பரிமாற்றம் , பரிமாற்றம் பலகை , பத்திரங்கள் ஒப்பந்தங்கள் ஸ்டாக் பரிமாற்றங்கள் , அழித்தல் நிறுவனங்கள் , பத்திரங்கள் மேல்முறையீடு தீர்ப்பாயம் , ந்ஸ் கூட்டு வழக்கு , பத்திரங்கள் மற்றும் மேல்முறையீடு தீர்ப்பாயம் ,