Sebi likely to accept Infosys consent plea in Rajiv Bansal case

Under the consent framework, a Sebi officer, after receiving an application, examines certain aspects of the case and makes observation

The Securities and Exchange Board of India (Sebi) is likely to accept information technology major Infosys’ consent plea to settle charges of disclosure lapses pertaining to the severance package paid to former chief financial officer (CFO) Rajiv Bansal.

According to sources, the matter involves “minor disclosure lapses”, which, according to Sebi rules, could attract a penalty of a mere Rs 800,000. 

The consent process had reached an advanced stage, and the regulator could issue an order announcing a consent settlement within a month, said a person privy to the development.
 

Infosys filed the consent application with the market regulator in