NSDL Settlement Terms: SEBI Accepts ₹15.57 Crore Settlement Agreement

National Securities Depository Limited (NSDL) has reached a significant settlement with the Securities and Exchange Board of India (SEBI), agreeing to a settlement amount of ₹15,57,60,000 (₹15.57 crore) for non-compliance issues identified during SEBI’s 2023-24 inspection.

Details of SEBI Settlement Terms with NSDL

On October 17, 2025, SEBI confirmed that it would accept the settlement terms as recommended by its High-Powered Advisory Committee (HPAC). This decision follows NSDL's submission of a settlement application under the SEBI (Settlement Proceedings) Regulations, 2018. The settlement relates to certain non-compliance issues flagged during SEBI's inspection of NSDL in the 2023-24 financial year.

NSDL has agreed to pay a settlement amount of ₹15,57,60,000 within 30 calendar days. SEBI has also directed the company to comply with any non-monetary terms, if applicable, as part of the resolution process.

Non-Compliance Details and Impact

NSDL's non-compliance during the 2023-24 inspection led to SEBI issuing a settlement directive. Despite the financial settlement, there is no material impact on NSDL’s financial or operational activities as a result of these proceedings. The settlement allows the company to move forward without significant disruptions to its business.

Key Dates and Actions

The email from SEBI confirming acceptance of the settlement terms was received on October 17, 2025. As per the agreement, NSDL is expected to remit the settlement amount within 30 days, completing the process by mid-November 2025. This settlement allows the company to resolve the matter without further legal or regulatory complications.

Read More: SEBI Plans Easier Transfer of Old Physical Shares!

Conclusion

NSDL’s ₹15.57 crore settlement with SEBI marks the resolution of non-compliance issues identified during SEBI's inspection. The company has agreed to meet the revised settlement terms, and the financial impact on its operations remains minimal. With this settlement, NSDL can continue its operations without major disruptions.

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