INSUBCONTINENT EXCLUSIVE:
NSE will appeal against a Sebi (Securities and Exchange Board of India) order in the co-location issue in which it has been penalised up to
Rs 1,000 crore and barred from approaching market for the next six months at the Securities Applleate Tribunal (SAT).When contacted, NSE
spokesperson declined to comment
aforesaid orders with the Hon'ble Securities Appellate Tribunal, the future outcome of which is uncertain at this stage," the NSE said in
profits from co-location worth Rs 624.89 crore at 12 per cent interest to the Investor Protection and Education Fund (IPEF)
for the three fiscals in IPEF, while Ms Ramakrishna, who was the CEO of the exchange starting fiscal 2014, was asked to deposit 25 per cent
of her salary for that fiscal
because of the absence of other traffic.But, there is nothing illegal about using such faster connectivity infrastructure
Sebi held that NSE had been taking inconsistent positions and its conduct broke its own rules right from the time when a non-registered
member, Sampark, was granted permission in April 2015 to lay dark fibre cable for two brokerage firms leading to lack of fair play and
gains," SK Mohanty, a full-time member of Sebi had said earlier.Get the latest election news, live updates and election schedule for Lok
Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
