The company received both an inquiry show cause notice and an adjudication show cause notice from the regulator in March. On October 15, the requested amount was authorized by the Sebi panel of full-time members. Broking company Angel One paid Rs 5.75 crore to the Securities and Exchange Board of India (Sebi) on Friday in order to resolve several alleged regulatory infractions.
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On October 15, the panel of Sebi’s full-time members accepted the suggested sum, which the regulator received on October 23 “without admitting or denying the findings of facts and conclusions of law.”
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The company was handed both an adjudication show cause notice and an inquiry show cause notice by the regulator in March, asking why Angel One should not be subject to an inquiry and penalty under the relevant legislation.