SEBI cancels investment banking licence of Karvy Investor Services
The regulator found that the registered intermediary did not have adequate infrastructure to discharge its duties and various other violations
Source: moneycontrol.com
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Clients with invalid KYC not allowed to trade or square up positions; How worried should you be?
In an email to the regulator sent in August, the Association of National Exchange Members of India said that clients were facing ‘link-related difficulties’.
Source: moneycontrol.com
SEBI Imposes Rs1.9 Crore Penalty on Karvy Stock Broking's Ex-Officials for Misappropriating Clients' Securities
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.9 crore on four former key officials of Karvy Stock Broking Ltd (KSBL) for several violations, including non-segregation of clients' funds and securities, misappropriation of clients' securities and diverting proceeds to group companies and illegally pledging credit clients' securities with banks and non-banking finance companies (NBFCs).
Source: moneylife.in
SEBI imposes Rs 1.9 crore fine on former Karvy officials for violations
A penalty of Rs 1 crore has been levied on Krishna Hari G, whereas Raju has been ordered to pay Rs 40 lakhs and Gurazada and Mahesh have been ordered to pay Rs 30 lakhs and Rs 20 lakhs respectively
Source: moneycontrol.com
Kaveri online system hit by software, hardware issues
Kaveri online system hit by software, hardware issues Updated: Updated: March 13, 2021 23:04 IST This has resulted in frequent technical issues across sub-registrar offices; registration of properties in State affected Share Article AAA The system, which was once showcased as the government’s IT initiative success in land registration, is now ailing. This has resulted in frequent technical issues across sub-registrar offices; registration of properties in State affected Over the last couple of months, registration of properties in the State has been hit frequently as technical glitches ...
Source: thehindu.com