News > SEBI Issues Rs 2 Cr Recovery Notice To Ex NSE Chief Ravi Narain
SEBI Issues Rs 2 Cr Recovery Notice To Ex NSE Chief Ravi Narain
BusinessWorld | 22/04/2022 08:33 AM | Click to read full article
Capital markets regulator SEBI on Thursday sent a notice to NSE's former Chief Ravi Narain, asking him to pay Rs 2.06 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets and bank accounts if he fails to make the payment within 15 days.
The notice came after Narain failed to pay the fine imposed on him by SEBI (Securities and Exchange Board of India).