SEBI settles adjudication proceedings against BofA Securities India for alleged failure to maintain a Structured Digital Database as required under PIT Regulations.
The firm agreed to pay a settlement amount of ₹58.50 lakh without admitting or denying the findings.
The High Powered Advisory Committee recommended settlement upon payment, approved by SEBI's Whole Time Members.
The order disposes of the proceedings but allows SEBI to take future enforcement action if terms are violated.