sebi:SO/AB/EFD2/2023-24/6580
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Facts / Headnote
Disposed of by settlement without admitting or denying findings
Provisions invoked
- s. 11B
- s. 19
- s. 12A
- s. 11(2)
- s. 15H
- s. 15J
- s. 23J
- s. 11B(2)
- s. 12A(1)
- s. 12A(2)
- s. 23G
Regulations
- Reg. 25
- Reg. 26(1)
- Reg. 28
- Reg. 8
- Reg. 14(3)
- Reg. 7(3)
- Reg. 23(1)
- Reg. 26(2)
- Reg. 7(3)(a)
- Reg. 12(6)
- Reg. 7(4)(g)
- Reg. 26(4)
Parties
- National Stock Exchange of India Limited
- NSE Clearing Limited
- Shri Vikram Limaye
- Shri Vikram Kothari
- Shri Shiv Kumar Bhasin
Holding
The enforcement proceedings initiated vide Show Cause Notice dated August 11, 2021 against NSE, NCL and three individuals in the matter of systems failure upon glitch on February 24, 2021 are disposed of as per approved settlement terms without admitting or denying findings of facts and conclusions of law.
Full text
Settlement Order in the matter of failure of systems of NSE and NCL upon occurrence of glitch on February 24, 2021 Page 2 of 11
Settlement Order in the matter of failure of systems of NSE and NCL upon occurrence of glitch on February 24, 2021 Page 3 of 11
Settlement Order in the matter of failure of systems of NSE and NCL upon occurrence of glitch on February 24, 2021 Page 4 of 11
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Source: SecMarx — sebi:SO/AB/EFD2/2023-24/6580. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.