November 25, 2020 12:39 am
Karvy has also been prohibited from alienating any of its assets, except with prior permission of the NSE till the settlement of claims of investors.
December 01, 2020 12:52 pm
Stock exchange officials say all the existing clients of KSBL would have either got their securities back and got it transferred to another brokerage firm or would have received the value of their securities into their bank accounts.
November 24, 2020 2:02 pm
The move effective from November 23, was taken as the broker failed to comply with NSE guidelines, National Stock Exchange (NSE) said in a circular.
November 17, 2020 6:19 pm
Investors with fund balances up to Rs 30,000 due from Karvy Stock Broking Ltd have been settled.
January 15, 2020 4:29 pm
Axis Bank had moved Securities Appellate Tribunal (SAT) seeking the shares pledged by Karvy Stock Broking Ltd (KSBL) to the lender be unfrozen, so that it can invoke the pledges.
December 05, 2019 3:29 am
In the case of Bajaj Finance which first approached SAT, the Tribunal, on Tuesday, asked Sebi to hear the financier latest by Wednesday, and directed Sebi to pass a fresh order by December 10.
December 03, 2019 3:21 pm
The move comes a day after the market regulator Sebi's directive to NSDL to transfer the investors' securities, held by Karvy Stock Broking Ltd (KSBL), in their respective accounts.
December 02, 2019 1:50 pm
In two separate circulars, the bourses announced that they "have suspended Karvy Stock Broking Ltd with effect from December 2, 2019 due to non-compliance of the regulatory provisions of the exchange".
November 28, 2019 4:32 am
Karvy had unauthorisedly pledged securities worth Rs 2,000 crore-Rs 2,300 crore of investors without their permission, despite the Sebi rule that securities or monies of a client should not be used for self or for any other client.
November 27, 2019 12:26 am
Karvy case offers an opportunity to debate new challenges to regulation, new balance to be struck in oversight.