Rs75 Lakh Penalty on Indian Clearing Corp, NSE Clearing for Not Providing Alerts on Karvy Stock Broking Trades
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp for failing to alert stock exchanges about the diversion of client securities by Karvy Stock Broking Ltd (Karvy).
Source: moneylife.in