The Securities and Exchange Board of India (Sebi) has held hearings for maintainability of consent proceedings which seek to settle the probe into a trading halt at India’s largest stock exchange.
The regulator held a hearing on August 24, following an earlier hearing on May 4; according to a note in the stock exchange’s September quarter results. These were preliminary hearings over the maintainability of consent proceedings which seek to settle outstanding regulatory issues by paying an amount without accepting or denying guilt. The NSE and its subsidiary in charge of ensuring trades are honoured-the NSE Clearing Limited (NCL)-had filed

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