Mumbai: National Stock Exchange of India (NSE) declared Anugrah Stock & Broking as a defaulter and expelled it from the membership. On November 13, markets regulator Securities and Exchange Board of India (Sebi) had ordered the scam-tainted broking firm to stop its operations and barred its promoters Paresh Kariya and Sadhana Kariya from the market. … Read more
The BSE followed the National Stock Exchange suit and terminated the brokerage membership of Karvy Stock Broking with effect from Tuesday. The leading stock exchange said investors having any outstanding claims against the brokerage can file their claims with the exchange within 90 days from the date of issue of the notice (by February 22, … Read more
Nureca Ltd, which owns the Dr Trust brand, has filed preliminary papers with capital markets regulator Sebi to raise Rs 100 crore through an initial public offering. The IPO comprises issuance of equity shares worth Rs 100 crore, the draft red herring prospectus filed with Securities and Exchange Board of India (Sebi ) showed. Proceeds … Read more
Synopsis Sebi has now prescribed onerous obligations on all members of IC and similar bodies like LPAC, which may approve investment decisions. Such members, including external investor nominees and outside professionals, have been made jointly and severally liable as IM for any investment decisions, compliance with the fund documents and applicable laws. This possibly emanates … Read more