Sebi likely to supersede CSE board
Mumbai: In its bid to
clean up the mess at the Calcutta Stock Exchange, the Securities and Exchanges Board of
India (Sebi) is likely to supersede the CSE governing board, besides cracking down on the
unofficial badla market.
While the regulatory authoritys
immediate priority was on solving the payment crisis at the exchange, it has already
planned to take stringent action against officials who a crisis of this magnitude to
happen.
Meanwhile, senior Sebi officials from
Mumbai are still camping at CSE, investigating the transactions for the last two
settlements. As per their instructions, the exchange blocked pay-out from 26 accounts
which are under scrutiny.
Back to News Review index
page
|