Archive · 17 Dec 2025
NSDL Settles Sebi Case for ₹15.58 Crore
NSDL is a company that helps people keep their stocks safe.
Sebi is the boss who makes sure everyone follows the rules.
NSDL got in trouble because they didn't follow the rules properly.
They took too long to freeze accounts, had problems with their outsourcing agreements, and didn't handle some accounts correctly.
Sebi said they needed to pay ₹15.58 crore to settle the case.
NSDL paid the money, but Sebi can still check if they did everything right.
This is important because it helps keep the stock market safe for everyone.
NSDL settled a case with Sebi for ₹15.58 crore due to procedural and systemic lapses.
The lapses included delays in freezing accounts, defects in outsourcing agreements, and compliance issues with BSDA.
Sebi found that NSDL took up to 77 days to implement some of its directions.
NSDL had backdated contracts with vendors and delays in formalizing agreements for core technology services.
Sebi's internal committee recommended the settlement amount and actions against officers-in-default.
- Who
- National Securities Depository Limited (NSDL) and Securities and Exchange Board of India (Sebi)
- What
- Settlement of a case involving procedural and systemic lapses
- When
- The order was released on Wednesday (specific date not mentioned)
- Where
- India
- Why
- NSDL was accused of violating the Sebi Act, 1992 and the Depositaries Act, 1996
- Organization
- National Securities Depository Limited (NSDL)
- Regulator
- Securities and Exchange Board of India (Sebi)
- Settlement Amount
- ₹15.58 crore
- Violations
- Procedural and systemic lapses
- Key Issues
- Delays in account freezing, outsourcing agreement defects, BSDA compliance lapses, client securities system weaknesses