Deviprasad Singh News Today

​​The tribunal has quashed Sebis direction barring NSEs former CEO Chitra Ramkrishna from holding any position in stock exchanges or listed companies for three years and three other former officials

The case pertains to alleged differential access given by NSE to certain broking firms over dark fibre, an already laid but unused or passive optical fibre unconnected to active electronics or equipment and does not have other data flowing through it.

They have been asked to pay the penalty amount within 45 days, according to a Sebi order passed on Tuesday

SEBI has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange (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.

SEBI imposed a penalty of Rs 7 crore on NSE, Rs 5 crore on Chitra Ramakrishna, Rs 5 crore on Anand Subramanian, and Rs 5 crore on Ravi Varanasi.

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 […]

A dark fibre or unlit fibre, with respect to network connectivity, refers to an already laid but unused or passive optical fibre, which is not connected to active electronics/equipment and do not have other data flowing through them and available for use in fibre-optic communication.