NSDL Pays ₹155.8 Million to SEBI to Settle Regulatory Violations

The Securities and Exchange Board of India (SEBI) announced that National Securities Depository Ltd (NSDL) has settled charges related to past violations of SEBI rules by paying a settlement fee of ₹155.8 million. The agreement was settled under SEBI’s consent mechanism, aimed at expeditiously resolving regulatory proceedings.

According to SEBI’s settlement order, the case involved alleged lapses linked to operational compliance under the Depositories Act and SEBI regulations. NSDL accepted the terms of the settlement without admitting or denying the findings.

Key Highlights:

Settlement amount: ₹155.8 million paid to SEBI under consent regulations.

Nature of violation: Procedural and operational lapses under SEBI frameworks.

No admission of guilt: NSDL resolved the matter without acceptance of wrongdoing.

Objective: To bring closure to the case and uphold market transparency.

Regulator’s focus: Reinforces SEBI’s intent to maintain strict compliance standards for market intermediaries.

Source: SEBI Settlement Order; NSDL Regulatory Filings