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Market regulator Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of Karvy Investor Services Ltd for failing to meet 'fit and proper' criteria as a merchant banker.
Capital markets regulator Sebi on Wednesday cancelled the registration of brokerage house Nirmal Bang Commodities for facilitating its clients to trade in illegal 'paired contracts' on the now defunct National Spot Exchange Ltd.
The Securities Appellate Tribunal (SAT) has set aside the Securities Exchange Board of India (SEBI)’s order restraining IIFL Securities from taking new clients for a period of two years, and has reduced the penalty imposed on the brokerage firm to Rs 20 lakh from Rs 2 crore.
The Securities Appellate Tribunal (SAT) has set aside the Securities Exchange Board of India (SEBI)'s order restraining IIFL Securities from taking new clients for a period of two years, and has reduced the penalty imposed on the brokerage firm ...
The tribunal also reduced the penalty imposed on the brokerage from Rs 1 crore to Rs 20 lakh