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The capital markets regulator had issued a showcause notice to the bank on March 16, 2023, after it appointed an adjudicating officer on March 10, 2023.
Pending Sebi's adjudication proceedings, the bank proposed to settle the proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law.
There is a difference between mechanics and semantics of the law, and the CCI might have to tackle this.
They had been issued showcause notices alleging failure on their part to do due diligence and act on behalf of the shareholders
RKSV Securities India Pvt Ltd has agreed to pay Rs1.13 crore to Securities and Exchange Board of India (SEBI) to settle a case about alleged violations of SEBI circular on cyber security and cyber resilience framework.