Chitra Ramkrishnas Plea Against SEBI Order Admitted By Securities Appellate Tribunal

New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.

New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to deposit an amount of ₹ 2 crore. The appellate tribunal also directed NSE to deposit more than ₹ 4 crore towards leave encashment and deferred bonus of Ms Ramkrishna in an escrow account as against SEBI's direction where the amount was to be parked in the Investor Protection Fund Trust. In an order, dated February 11, that had wider ramifications, SEBI slapped a penalty of ₹ 3 crore on Ms Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer (CEO). Besides, the watchdog had asked NSE to forfeit the excess leave encashment of ₹ 1.54 crore and the deferred bonus of ₹ 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust. Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.New Delhi: The Securities Appellate Tribunal (SAT) has admitted former National Stock Exchange (NSE) chief Chitra Ramkrishna's plea against a Securities and Exchange Board of India (SEBI) order relating to governance lapses at the bourse and directed her to