Calcutta Stock Exchange (CSE) today said it had delayed the circulation of the Sebi showcause notice to the broker directors because of prior directions issued by the market regulator.
Sebi slapped a showcause on the CSE committee asking it to reply why it would not be superseded. The notice, dated August 27, reached CSE on the following day but it was placed before the broker directors on September 9.
A press release, issued by CSE today, said the management committee president had observed on September 2, the day he first came to his office, that the show cause notice
