A bench of Chief Justice of India DY Chandrachud, PS Pardiwala and Manoj Misra said the scope of power of the apex court to enter into the regulatory domain of SEBI is limited.
By providing access for taking exposure to 'paired contracts', the brokerage exposed its clients to the risk involved in trading in a product that did not have regulatory approval, Sebi said in its order.
The complainant is stated to have made the payment, however, on the date of listing, he did not get shares in his account and upon asking for a refund, Trehan refused to refund the amount.
Accordingly, the Recovery Time Objective -- the maximum time taken to restore operations of 'Critical Systems' from DRS after the declaration of Disaster -- will be 45 minutes.
This came after directives asking the companies to refund investors' money, along with interest, did not materialise. These firms had raised funds from investors without complying with regulatory norms.
Based on representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice... it is now specified that the timeline to comply with the enhanced qualification and experience requirements.. is extended to September 30, 2025, Sebi said
Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons.
The bourse is planning a session from 6 pm to 9 pm after a break from the closure of the regular session from 9.15 am to 3.30 pm, Sriram Krishnan, Chief Business Development Officer of NSE, told PTI.
