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As a member of the consumer complaints committee (CCC) of the Advertising Standards Council of India (ASCI) for a few years, one noticed that two powerful personal-care companies had a nice trick to their fairness cream advertisements.
On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following key entities of the group: Karvy Stock Broking Ltd (KSBL), Karvy Realty (India) Ltd (KRL), Karvy Financial Services Ltd (KFSL), Karvy Data Management Services Ltd(KDMS), Karvy Consultants Ltd (KCL), M/s Adhirajat Commercial Enterprises Pvt Ltd, Adhirajat Holdings and Compar Estates and Agencies Pvt Ltd.
Karvy Once Again Buying Time and Negotiating a Foreign Buyer for Its Data Management Business 0 Six months after Karvy Stock Broking Ltd (Karvy) was expelled by the National Stock Exchange (NSE) and declared a defaulter, there is almost no legal action against the firm by retail or institutional investors. This is because C Parthasarathy, its group chairman has reached out to people with an assurance that the firm is close to selling its data management business, Karvy Data Management Services Ltd (KDMSL) and hopes to raise almost Rs1,000 crore, say people who are aware of developments. Me...
0 Market regulator Securities and Exchange Board of India (SEBI) has initiated proceedings against National Stock Exchange (NSE) in the Karvy Stock Broking Ltd (Karvy or KSBL) default matter, the Lok Sabha was informed. Replying to a question, Anurag Thakur, minister of state for finance, says, "SEBI has initiated proceedings against NSE in the matter of KSBL for violating provisions of SEBI circulars pertaining to monitoring of brokers and oversight of members." Further, SEBI has already initiated the action against the directors and key management personnel (KMP) of KSBL as per the ...
Karvy Investors Start Receiving Their Money from NSE's IPF in Record Time after Broker Expulsion Moneylife Digital Team 17 Investors of Karvy Stock Broking Ltd (Karvy), who had filed claims with the investor protection fund (IPF) of National Stock Exchange (NSE), have started receiving their money back within a fortnight after processing of claims began. Some investors, who have joined Moneylife Foundation's Telegram group have posted messages to share the news. NSE sources tell us, "We have expedited payments significantly and also made it easier for investors by sharing information proac...