SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sebi levies penalty on BSE for subsidiary buying stake in Indus Water without prior approval

30 Jul 2022 Evaluate
Sebi has levied a penalty of Rs 3 lakh on BSE for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator's approval. The order came after Sebi examined investments made by BSE to ascertain whether the firm had engaged in activities which were not related to its activity as a stock exchange without approval of Sebi as on March 2021.

The regulator found that BIL, a separate legal entity and a wholly-owned subsidiary of BSE, had acquired an 8 per cent stake in Indus Water Institute. The latter provides support to entrepreneurs in water and clean technologies. As per Sebi’s order, such activities are not related to the activities as carried out by the exchange. Under the rules, Sebi's prior approval was required for the same. For the violation of not seeking prior approval, the regulator has imposed a fine of Rs 3 lakh on the exchange.

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).

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×