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Sebi imposes ₹1 crore fine on CDSL for multiple compliance lapses
Markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on Central Depository Services (India) Ltd (CDSL) for multiple compliance lapses, including failure to communicate reasons for rejection of pledge requests to the depository participants (DPs) of both the pledgor and pledgee and shortcomings in disaster recovery drills. CDSL has been directed to pay the penalty within 45 days, failing which recovery proceedings may be initiated. In its 102-page order, Sebi said CDSL had violated s…
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