Sebi fines MCX Rs 25 Lakh for disclosure lapses

New Delhi: Markets regulator Sebi on Monday imposed a penalty of ₹25 lakh on Multi Commodity Exchange of India (MCX) for inadequate disclosures regarding payment to 63 Moons Technologies for software services. The fine needs to be made within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.

The case pertains to disclosure lapses regarding the payment made to 63 Moons Technologies (formerly known as Financial Technologies India) for the trading software contract.