Mumbai: Court Slams EOW For Slow Pace Of Probe In Anugrah Cheating Case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
While upholding an order passed by the member and core settlement guarantee fund committee (Committee) of NSE Clearing Ltd (NCL), the securities appellate tribunal (SAT) directed Edelweiss Custodial Services Ltd (now known as Nuvama Clearing Services Ltd) to reinstate shares belonging to clients of Anugrah Stock & Broking Pvt Ltd (Anugrah). In 2020, to recover these dues, Edelweiss sold the collaterals worth Rs460.32 crore furnished by Anugrah and applied the proceeds to meet Anugrah s clearing obligation towards NCL.
At a press conference on 29th March, Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), made a bold pledge that has gone viral. She declared, “There will not be another Karvy issue in our capital markets. If another Karvy-like instance happens, it will be on our dead bodies.
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of Anugrah Stock and Broking Pvt Ltd (Anugrah/ ASBPL) for indulging in unregistered portfolio management services (PMS) activities