Securities and Exchange Board of India (Sebi) has issued notices to stock exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), asking them to pay over Rs 5 crore in a case related to Karvy Stock Broking (KSBL) and warned of attachment of assets and bank accounts if they fail to make the payment within 15 days. The notices came after the exchanges failed to pay the fine imposed on them by Sebi.
Earlier, Sebi had slapped a penalty of Rs 3 crore on BSE and Rs 2 crore on NSE for ‘laxity’ on their part in detecting misuse of clients' securities by KSBL.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
Company Name | CMP |
---|---|
Max Financial | 922.25 |
Delphi World Money | 191.50 |
SBFC Finance | 81.30 |
Anand Rathi Wealth | 4194.95 |
Prudent Corporate | 1648.55 |
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