SAT upholds Sebi order against 63 Moons Technologies in STP case
SAT upholds Sebi order against 63 Moons Technologies in STP case
The Securities Appellate Tribunal (SAT) has dismissed an appeal filed by 63 Moons Technologies challenging a Sebi order that disallowed it from providing Straight Through Processing gate services.
Sebi had in December 2020 rejected 63 Moons application seeking renewal of approval to provide Straight Through Processing (STP) services on the basis of fit and proper criteria.
The regulator, in its order, had said 63 Moons has been offering STP services without its approval and allowed the company to provide such services for three more months to clients in order to avoid any possible disruptions for securities market participants.
Vedanta: GR Arun Kumar resigns as director and CFO
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On Monday, the company s scrip on BSE closed 5.87% higher at ₹202 apiece
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Vedanta Ltd on Monday said G R Arun Kumar has resigned as the whole-time director and chief financial officer (CFO) of the company.
The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta said in a filing to BSE.
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63 Moons says SAT reserves judgement on its challenge to Sebi order
63 Moons was earlier known as Financial Technologies (India) Ltd (FTIL)
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63 Moons Technologies on Monday said Securities Appellate Tribunal (SAT) has reserved the judgement on the firm s challenge to Sebi s order which disallowed it from providing Straight Through Processing gate services.
The Securities Appellate Tribunal(SAT) on Monday heard the 63 moons technologies limited challenge to Securities and Exchange Board of India (SEBI) order disallowing the Company fromproviding STP Gate Services and has reserved the judgment. While passing the order theTribunal has kept the SEBI Order in abeyance.