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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE - Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Exchange and Member Committee

08-Oct-2025 | NSE/INSP/70711

NSE has issued a circular on Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Exchange and Member Committee.

By virtue of this circular, all the trading members are informed that they may file review, appeal or waiver requests supported by complete documentary evidence, against the decisions of the Member Committee (MC) / Exchange within 45 days from the date of issue of Original Order/Original Action Letter, through Member portal after payment of a non-refundable fee of Rs. 10,000/- + GST.

The Exchange shall examine the review, appeal or waiver requests submitted by the trading member only if such requests are submitted with complete/adequate documentary evidence and within 45 days.

The process for applying for review of penalty has been specified in Annexure-A.

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