Stay updated with breaking news from Arcadia Share. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In February 2021, the NSE had directed the lender not to invoke the pledge of the securities till the ownership of the pledged securities were ascertained in the demat account of Arcadia Share and Stock Brokers. Thereafter, Central Depository Services (India) Ltd imposed a debit freeze, prohibiting the lender from invoking the pledged shares and recovering its dues.
The Securities Appellate Tribunal (SAT) has quashed the orders passed by the National Stock Exchange (NSE) and Central Depository Services (CDSL) directing Kotak Mahindra Bank not to invoke shares pledged by Arcadia Share & Stock Brokers.
Sunness Capital India Pvt Ltd has become the 32nd defaulter broker since May 2019, to be expelled by the National Stock Exchange (NSE).
Concunsmart Shares and Stock Brokers Pvt Ltd has become the 31st broker since May 2019, to be expelled by the National Stock Exchange for non-adherence to regulatory provisions.
The National Stock Exchange (NSE) has expelled Chennai-based First Futures And Stocks Pvt Ltd due to a shortfall of client funds and non-resolution of investor complaints. With this expulsion, the number of brokers expelled by NSE since January 2018 has gone to 35.