Co-location case: Sebi directs NSE to disgorge Rs 624.89 crore with 12% interest; bars exchange from securities market for 6 months
Updated : May 01, 2019 07:59 AM IST
According to Sebi order, the disgorged amount has to be deposited in investor protection and education fund within 45 days from date of the order by demand draft.
The order said that NSE did not exercise due diligence while putting in place Tick-by-Tick (TBT) architecture and told the exchange to frequently carry out system audits.
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