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Karvy Default: SEBI Initiated Proceedings Against NSE, says Anurag Thakur

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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 provisions of SEBI Act, 1992, Securities Contract Regulation Act, 1956, SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 and SEBI (Stock Brokers) Regulation, 1992, the minister says. ....

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Karvy Investors Start Receiving Their Money from NSE's IPF in Record Time After Broker Expulsion

Karvy Investors Start Receiving Their Money from NSE s IPF in Record Time after Broker Expulsion
Moneylife Digital Team
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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 proactively to shorten the claim process. On an average, claims are being paid within 12 to 13 days after complete documentation has been submitted. ....

Sucheta Dalal , Investors Of Karvy Stock Broking Ltd , Moneylife Foundation Telegram , Investor Protection Fund , Karvy Realty Ltd , Moneylife Foundation , National Share Depository Ltd , Exchange Board Of India , Investor Services Cell , National Stock Exchange , Karvy Stock Broking Ltd , Investor Protection , Services Cell , Depository Participants , Guide Investors , Karvy Stock Broking , Karvy Default , More Expected , Stock Broking , Exchange Board , Karvy Realty , சூசெட்த தலால் , முதலீட்டாளர்கள் ஆஃப் கார்வி ஸ்டாக் தரகு லிமிடெட் , முதலீட்டாளர் ப்ரொடெக்ஶந் நிதி , கார்வி ரியல்டீ லிமிடெட் , தேசிய பகிர் வைப்புத்தொகை லிமிடெட் ,