**Sebi Explores Unified Penalty Framework for Listed Companies**
India’s Securities and Exchange Board of India (Sebi) is considering the extension of its newly established common penalty framework to companies listed on stock exchanges. This announcement was made by Sebi chairperson Tuhin Kanta Pandey during the Mint BFSI conclave on Friday.
On October 10, Sebi streamlined the penalty process for stockbrokers, who often hold memberships across various exchanges and face the risk of incurring duplicate penalties for similar infractions. Under the revised guidelines, only the lead exchange will impose penalties for violations that occur across multiple exchanges.
Pandey indicated that Sebi is now assessing the feasibility of applying a similar unified penalty framework to listed companies that operate on both the National Stock Exchange and BSE Ltd. This move could potentially simplify compliance and enforcement for companies trading on multiple platforms.
As this story develops, further updates will be provided regarding Sebi’s initiatives and their implications for the Indian stock market.
**FAQ**
**Q: What is the purpose of Sebi’s common penalty framework?**
A: The common penalty framework aims to streamline the penalty process for stockbrokers and potentially for listed companies, reducing the risk of duplicate penalties for similar violations across different exchanges.
