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Investor Protection Fund

The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients. NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients' funds and securities. Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit

Updated On: 03 Apr 2023 | 6:22 PM IST

The announcement has been made to safeguard investors from traders who claim to have services other than broking services without having the applicable registration

Updated On: 23 Feb 2023 | 4:27 PM IST

Institutions need better governance structure

Updated On: 10 Nov 2022 | 10:36 PM IST

Suspension of their futures does not bring down price volatility either, finds study conducted on behalf of NCDEX Investor Protection Fund

Updated On: 13 Sep 2022 | 8:47 PM IST

From the launch of the Nifty50 to the Ketan Parekh scam and the slump in the aftermath of the 9/11 terror attacks, here are the 20 biggest events for stock markets from 1995 to 2002

Updated On: 12 Aug 2022 | 3:03 PM IST

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection

Updated On: 28 Jun 2022 | 2:21 AM IST

Market regulator Sebi has directed stock exchanges to enhance their investor protection fund (IPF) corpus

Updated On: 18 Nov 2020 | 11:38 PM IST

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling

Updated On: 22 Oct 2020 | 12:48 AM IST

"Such revision is applicable in respect of all claims settled out of Trust, wherein settlement is done post the date of revision of such limits i.e. February 12, 2020," it said

Updated On: 14 Jul 2020 | 11:15 PM IST

All the penalties levied and collected by the commodity exchanges, except for the settlement-related fines, including penalties from delivery default

Updated On: 27 Sep 2016 | 1:01 AM IST