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Don’t miss the latest developments in business and finance.
Sebi fines Keshav Securities for misutilising clients' securities, funds
The estimated worth of misutilised funds by the noticee was Rs 1.75 crore
Transfer pay-outs to client's demat account within a day, says Sebi
Regulator issues fresh guidelines for unpaid securities
Players ready for migration as card-on-file tokenisation deadline nears
Tokenisation is the replacement of an actual or clear card number with an alternative code called the "token"
New milestone: Demat accounts surpass 100 million for the first time
The tally was less than 41 million before Covid-19 pandemic
Securities transaction tax mop-up rises 14% despite sharp sell-off
The department collected Rs 2,568 crore against Rs 2,262 crore in the corresponding period a year ago.
Securities transaction tax collection up 5% on higher derivatives trade
Tax payouts from dividend distribution tax are up 2%
Firms must disclose securities transactions above Rs 10 lakh by May 31
Also, govt to cancel registration of over 2 lakh firms that have been inactive for a long time
