Securities Appellate Tribunal directs Sebi to file its reply within six weeks.
The NSE board will approve FY19 financial statement after legal view on the case
The directions have been relaxed in the case of OPG Securities Pvt Ltd, Way2Wealth Brokers Pvt Ltd and GKN Securities
The bigger impact of Sebi's order may be on NSE's culture. The company achieved dominance in a short time, leaving its much older rival, the Bombay Stock Exchange, in the dust.
NSE's IPO was delayed after the NSE's December 2016 offer document disclosed an independent auditor report stating that its trading system was prone to manipulation
Sebi directed the National Stock Exchange to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014, for lapses at its co-location facility
Regulator will take a call on consent plea only after final judgment by the Madras High Court on writ petition filed against exchange
People with knowledge of the matter say Sebi's directive has come after the CBI intervened
Last month, Sebi chief Ajay Tyagi had said that the regulator had initiated enforcement action against several entities involved in the NSE's co-location issue
According to a CBI official, Gupta in conspiracy with NSE officials "abused" the server architecture of the exchange
The regulator has completed the investigation against 20 brokers, who allegedly gained unfair access to NSE's trading facility
The case relates to some brokers allegedly getting preferential access through co-location facility at the NSE, early login and dark fibre.
The case relates to some brokers allegedly getting preferential access to NSE servers through co-location facility during 2011-14. The exchange discontinued the facility since 2014
Besides Delhi, searches were also conducted at Mumbai, Kolkata and Bengaluru
This will allow an entity to settle issue by accepting penal action without admitting/denying guilt
Settlement is unlikely at this juncture as the case is under the scanner of various regulators