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Mumbai: The Securities and Exchange Board of India (Sebi) has issued a demand notice of ₹2.05 crore to Anand Subramanian, former group operating officer of National Stock Exchange(NSE), in a case related to governance lapses at the exchange. On February 11, Sebi had imposed a monetary penalty of ₹2 crore on subramanian.
The regulator has asked subramanian to pay this amount within 15 days. In the event of non- payment of the dues, Sebi said it would recover the money by different modes such as attachment and sale of Subramanian’s movable or immovable property, attachment of bank account and arrest. It may even appoint a receiver for management of his properties.
Sebi said following the service of the notice, Subramanian cannot mortgage, charge or lease his properties except with the permission of the recovery officer.
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