SEBI fines NSE, Chitra Ramkrishna, Ravi Narain and others in key appointment case
The Hindu
SEBI has levied a fine of ₹3 crore on Ms. Ramkrishna, ₹2 crore each on the NSE, Mr. Narain and Mr. Subramanian and ₹6 lakh on Narasimhan, who was the chief regulatory officer and chief compliance officer
SEBI on February 11 penalised the NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for violating securities contract rules in a case related to the appointment of Anand Subramanian as group operating officer and advisor to MD.
The regulator has levied a fine of ₹3 crore on Ms. Ramkrishna, ₹2 crore each on the NSE, Mr. Narain and Mr. Subramanian and ₹6 lakh on V.R. Narasimhan, who was the chief regulatory officer and chief compliance officer.
In addition, the Securities and Exchange Board of India (SEBI) has barred the NSE from launching any new product for a period of six months.
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