 "Ravi Narain")
The Securities and Exchange Board of India (Sebi) on Thursday issued a demand notice of Rs 2.06 crore against former NSE MD & CEO Ravi Narain.
On February 11, the market regulator had imposed a penalty of Rs 2 crore on Narain for lapses in governance practices at NSE. He was asked to pay the amount within 45 days. Narain has been directed to pay the amount within 15 days failing which Sebi will initiate recovery action.
“In an event of non-payment of the dues, Sebi shall recover the money by one or more of the following modes: attachment and
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