Sebi fines MCX Rs 25 lakh over lapses in disclosing payments |...

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Sebi fines MCX Rs 25 lakh over lapses in disclosing payments

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The Securities and Exchange Board of India has penalized the Multi Commodity Exchange of India (MCX) with Rs 25 lakh for inadequate disclosure of substantial payments to 63 Moons Technologies. The penalty arises from a lack of transparency regarding payments for trading software services, specifically after delays in implementing a new platform by TCS.

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