Sebi likely to supersede CSE board
Mumbai: In its bid to clean up the mess at the Calcutta Stock Exchange, the Securities and Exchanges Board of India (Sebi) is likely to supersede the CSE governing board, besides cracking down on the unofficial badla market.

While the regulatory authority’s immediate priority was on solving the payment crisis at the exchange, it has already planned to take stringent action against officials who a crisis of this magnitude to happen.

Meanwhile, senior Sebi officials from Mumbai are still camping at CSE, investigating the transactions for the last two settlements. As per their instructions, the exchange blocked pay-out from 26 accounts which are under scrutiny.
Back to News Review index page