Janvi | Jun 26, 2025 |
BSE Fined Rs. 25 Lakh by SEBI Over Compliance Lapses
The Securities and Exchange Board of India (SEBI) fined Bombay Stock Exchange (BSE) Limited on June 25, 2025, for Rs 25 lakh, as disclosed by BSE in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
SEBI issued the order under Section 12A(2), along with Sections 23GA and 23H of the Securities Contracts (Regulation) Act, 1956, and Section 15HB of the SEBI Act, 1992. The penalty was imposed after following the proper inquiry process under SEBI and Securities Contracts (Regulation) rules.
BSE’s noncompliance with Regulation 39(3) of the Stock Exchange and Clearing Corporations Regulations, 2018, was the cause of the penalty. SEBI also noted that BSE had not followed certain circulars dated July 5, 2011, July 5, 2021 (Master Circular), and October 26, 2004. These issues were found during an inspection conducted between February 1, 2021, and September 30, 2022.
BSE clarified that this penalty will not have a material impact on its financials, operations or other business activities.
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