National Securities Depository Limited (NSDL) has received a Show Cause Notice from the Superintendent, Division Mumbai East, CBIC GST Bhavan, Mumbai. The notice proposes to impose a penalty of ₹50,000 under Section 125 and Section 28 of the Central Goods and Services Tax (CGST) Act, 2017 and Rule 19 of CGST Rules, 2017.
The penalty pertains to a delay in filing the application for amendment of the Company's GST registration for the removal of the name of a Director. The specific violation alleged is the delay in filing this amendment application.
The Show Cause Notice is dated July 23, 2026, and was received by the Company on July 24, 2026.
The Company states that it will submit its response to the GST Authority within the stipulated timeline. According to the disclosure, there is no material impact on the financial, operation or other activities of the Company quantifiable in monetary terms.
The document was signed by Alen Ferns, Company Secretary & Compliance Officer (Membership No. A30633) on behalf of National Securities Depository Limited.