Tax & Penalty25 Jun 2026, 05:30 pm
NSDL to Transfer ₹50 Lakhs to Investor Protection Fund
AI Summary
National Securities Depository Ltd (NSDL) has approved the transfer of ₹50 lakhs, along with applicable interest, to its Investor Protection Fund. This action is a consequence of a technical glitch that occurred on July 26, 2023. The decision aligns with SEBI circulars concerning financial disincentives for Market Infrastructure Institutions. NSDL has stated that this payment will not have a material impact on its financial or operational activities. The disclosure is made in accordance with SEBI (LODR) Regulations, 2015.
Key Highlights
- NSDL to pay ₹50 lakhs to Investor Protection Fund.
- Payment is due to a technical glitch on July 26, 2023.
- Action taken as per SEBI circular on financial disincentives.
- No material impact on company's operations or finances.
- Disclosure made under SEBI LODR Regulations.
Price Impact
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