July 18, 2025 07:24 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bihar must be protected from malicious intentions of RJD and Congress: PM Modi | 'You deserve to suffer just like me': Over 60 Delhi and Bengaluru schools receive 'hoax' bomb threats | 'We would caution against any double standards': India on NATO's warning over Russia trade sanctions | Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse
NSE | SEBI

SC to allow SEBI's appeal against order quashing Rs 6 cr fine on NSE

| @indiablooms | Mar 29, 2022, at 02:05 am

New Delhi: The Supreme Court Monday asked National Stock Exchange (NSE) to file its response to the appeal filed by the Securities Exchange Board of India (SEBI) against an order that quashed a Rs 6-crore fine imposed on the NSE by the market regulator, media report said.

In 2020, SEBI had slapped the fined on NSE for the alleged violation of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) norms of 2018.

The SAT quashed the fine pointing out that the NSE made the investments before the implementation of the 2018 rules, commonly known as SECC (stock Exchanges and Clearing Corporations) Regulations norms.

The rules prohibit exchanges from investing or deploying funds in entities without SEBI’s approval.

The SAT ruled that the SECC norms of 2018 could not be applied retrospectively and the investments made by NSE could not be said to be in violation of these rules.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm