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sat on sebi penalty: SAT quashes Sebi penalty against NSE in dark-fibre case

The tribunal has set aside the total penalty of Rs 7 crore imposed by Sebi on NSE and has reduced the penalty on Ramkrishna from Rs 5 crore to Rs 25 lakh. Sebi had initiated investigation after it received complaints which alleged irregularities with respect to certain brokers availing point to point dark fibre connectivity from Sampark Infotainment.
New Delhi Uttar Pradesh Anand Subramanian Devi Prasad Singh Chitra Ramkrishna Anagendra Kumar

Share Pledge Case: SC raps NSE for assuming adjudicatory powers

In February 2021, the NSE had directed the lender not to invoke the pledge of the securities till the ownership of the pledged securities were ascertained in the demat account of Arcadia Share and Stock Brokers. Thereafter, Central Depository Services (India) Ltd imposed a debit freeze, prohibiting the lender from invoking the pledged shares and recovering its dues.
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SEBI Refuses To Disclose NSE Inspection Reports Under RTI Act

SEBI has refused to disclose under the RTI Act its inspection reports since 2013 related to functioning of the National Stock Exchange which is mired in controversy resulting from the market regulator's damning report on alleged irregularities in the functioning of the bourse's former chiefs.
Ravi Narain Chitra Ramkrishna Subhash Agrawal Anand Subramanian Supreme Court Exchange Board Of India
Source: ndtv.com

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