Sebi Fines NSE, Ramkrishna, Narain Others in Key Appointment Case

11 February 2022

New Delhi, Feb 11 (PTI) Sebi on Friday 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

Also, Sebi has directed the NSE to forfeit the excess leave encashment of Rs 1.54 crore and the deferred bonus of Rs 2.8 Cr, of Ramkrishna, which was retained by the exchange and  deposit the same to its Investor Protection Fund Trust within six days.