KFin Technologies resolves RTA rule violation case with Sebi for Rs 88 lakh

KFin Technologies on Tuesday paid Rs 87.7 lakh to Securities and Exchange Board of India (Sebi) to settle a case related to alleged violation of regulatory norms related RTA regulations. The development came after KFin Technologies filed a settlement application in August 2024, requesting Sebi to settle the adjudication proceedings against the company.

KFin Technologies, which acts as a registrar to an issue and share transfer agent was under Sebi inspection for the period between February 1, 2023 and November 30, 2023 on charges that it failed to exercise due diligence while processing the request for dematerialization of shares.