Wednesday, November 27, 2019

SEBI bars Karvy from taking new client for its alleged of Rs. 2000 Crores client default

The market regulator, the Securities and Exchange Board of India (SEBI) has banned Karvy Stock Broking Ltd (KSBL) for defaulting client money worth Rs 2,000 crore with immediate effect. KSBL has now been barred from taking on new clients and executing trades for existing customers. This write up has been summed up in form of FAQs to understand the issue in a simplified way.

from taxmann.com News https://ift.tt/2rxRW0I

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