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News
Karvy Stock Broking Ltd
Karvy Stock Broking Ltd News
Karvy Stock Broking Ltd
02 Dec 2019
Karvy Stock Broking's licence suspended for non-compliance of regulations
Stock exchanges on Monday (December 2) suspended the licence of Hyderabad-based financial services major Karvy Stock Broking for non-compliance of regulatory provisions. The suspension could impact thousands of clients.
Market regulator Sebi
25 Nov 2019
Karvy barred from taking new clients, stock broking firm terms it interim
Stock market regulator Securities and Exchange Board of India (SEBI) has barred Karvy Stock Broking Ltd (KSBL) from taking new clients for stockbroking activities following allegations of misusing certain securities. On Friday, the National Stock Exchange (NSE) of India forwarded a preliminary report to SEBI on the non-compliances observed with respect to pledging and misuse of client securities by KSBL. The SEBI has given 21 days to KSBL to file its objections or responses if any.
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