Chitra Ramkrishna gets demand notice from the Sebi for Rs 3.12 crore

The Securities and Exchange Board of India (Sebi) issued a notice to NSE's former chief Chitra Ramkrishna on Tuesday, demanding Rs 3.12 crore in a case involving governance lapses at the stock exchange and threatening her with arrest and asset and bank account attachment if she does not pay within 15 days.

Ramkrishna received the notice after she failed to pay a fine imposed by the Sebi.  In a February 11 order, The regulator  fined Ramkrishna Rs 3 crore for alleged governance lapses in a case involving the appointment of Anand Subramanian as Group Operating Officer and Advisor while she was the Managing Director and Chief Executive Officer of NSE, as well as sharing confidential company information with an unidentified person.

Apart from Ramkrishna, Sebi had also fined Ravi Narain, who was Ramkrishna's predecessor, as well as Subramanian and others.

In a new notice, Sebi ordered Ramkrishna to pay Rs 3.12 crore within 15 days, including interest and collection costs.

Sebi permits mutual funds to provide passively managed equity-linked savings schemes

SEBI tightening IPO bid structure for institutional investors, high-net-worth individuals

Sebi simplifies procedure of trading rights on an exchange platform

- Sponsored Advert -

Most Popular

- Sponsored Advert -