INVESTOR ISSUES


Moneylife Digital Team 26 August 2024
The National Stock Exchange (NSE) has paid Rs1,118 crore towards settling 70,897 claims filed by investor clients of the top-10 defaulting brokers out of its investor protection fund (IPF) trust from 1 January 2019 to 22 August 2024. As expected, investor clients of Karvy Stock Broking Ltd...

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Moneylife Digital Team 21 August 2024
In a significant development, the Mumbai bench of the national company law tribunal (NCLT) on Wednesday approved ICICI Securities' delisting application, dismissing objections raised by Quantum Mutual Fund and minority shareholder Manu Rishi Gupta.   Under the approved scheme, ICICI...

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Moneylife Digital Team 21 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has introduced a series of proposed reforms aimed at overhauling the rights issue process to make it a more attractive and efficient method for companies to raise funds. These proposed changes, detailed in a recent consultation...

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Sahyaja MS (Bar  and   Bench) 20 August 2024
The National Company Law Tribunal (NCLT) on Tuesday questioned why Anil Dhirubhai Ambani Ventures (ADAVL) had not objected earlier to the use of the 'Reliance' brand by Hinduja Group-owned IndusInd International Holdings (IIHL) during the resolution process of Reliance Capital.   "You had...

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Moneylife Digital Team 20 August 2024
In a recent address at the IADI Asia-Pacific Regional Committee International Conference 2024, deputy governor of the Reserve Bank of India (RBI) M Rajeshwar Rao highlighted the need for a periodic upward revision of the deposit insurance coverage limit which currently stands at Rs5 lakh. He...

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Moneylife Digital Team 16 August 2024
On Saturday, Hindenburg Research, a US-based short-seller, made strong allegations about the chairperson of the Securities and Exchange Board of India (SEBI) Madhabi Puri Buch (MPB), and her husband, Dhaval Buch. While Ms Buch and her husband have argued that there was no wrongdoing, the...

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Moneylife Digital Team 16 August 2024
In a significant decision in the ongoing ICICI Securities delisting controversy, the Bombay High Court (HC) last week directed the Securities and Exchange Board of India (SEBI) to disclose the exemption letter granted to ICICI Securities. This letter, which exempted the company from the reverse...

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Moneylife Digital Team 14 August 2024
National Stock Exchange (NSE) has increased the ceiling amount payable out of its investor protection fund (IPF) trust to Rs35 lakh from Rs25 lakh per investor per claim. This limit will be applicable for claims received against the trading members (TM) who have been declared defaulters or have...

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All good things must come to an end; and this applies to governments, markets and exchanges alike. Recent global developments have underscored this truth. India’s stock market, which has been the big shining spot for the Narendra Modi-led government, finally cracked under the impact of a stock...

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Moneylife Digital Team 08 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Ajay Kumar Chaddha (noticee) for two years for providing illegal investment advisory services. While slapping a fine of Rs6 lakh, SEBI also asked Mr Chaddha to refund over Rs25 lakh collected as fees from clients or...

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Moneylife Digital Team 05 August 2024
Investors of Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have not paid any money after December 2021, while investors of PACL Ltd   have been paid over Rs1,021 crore. According to a reply by finance minister (FM) Nirmala Sitharaman in the Lok Sabha,...

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On 4th June,  the Lok Sabha election results shocked the market and jolted the ruling Bharatiya Janata Party. But the market was perturbed for barely two hours. By noon, stocks started recovering and, within a week, surpassed the all-time high it had hit just before the election results. A...

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Moneylife Digital Team 31 July 2024
The ongoing controversy surrounding the proposed delisting of ICICI Securities Ltd has taken a new turn, with an investor moving the Bombay High Court (HC) to challenge the Securities and Exchange Board of India's (SEBI’s) decision to grant relaxation from delisting rules to ICICI Bank Ltd....

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Moneylife Digital Team 30 July 2024
In a move to bolster investor protection, Securities and Exchange Board of India (SEBI) has introduced SEBI’s virtual assistant (SEVA), an advanced artificial intelligence (AI)-powered chatbot.    SEVA, currently in its beta version, is designed to streamline investor interactions and provide...

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Moneylife Digital Team 26 July 2024
More than 70% or 7 out of 10 individual intra-day traders in the equity cash segment have incurred losses in FY22-23, shows a study conducted by market regulator Securities and Exchange Board of India (SEBI). The study also noted a surge of over 300% in the number of individuals participating...

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Moneylife Digital Team 26 July 2024
The arbitration tribunal (AT) in Mumbai has directed Central Depository Services Ltd (CDSL) to restore within 15 days the securities along with all corporate benefits accrued of an investor-client of Anugrah Stock and Broking Pvt Ltd (ASBPL).    In an order last month, the AT bench of Rajesh...

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Moneylife Digital Team 26 July 2024
While hearing the case against Anugrah Stock and Broking Pvt Ltd (ASBPL), the special Maharashtra Protection of Interest of Depositors (MPID) court slammed the economic offences wing (EOW) of Mumbai police for the delay and slow progress in the investigation. The court directed EOW to look into...

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Moneylife Digital Team 25 July 2024
National Stock Exchange (NSE) has issued a warning about a Telegram channel, 'Banknifty Express' that is operating through mobile number 8306829377 and collecting funds from the public and providing securities market tips for trading and assured or guaranteed returns on investment in the stock...

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Moneylife Digital Team 19 July 2024
On 9 July 2024, a significant corporate drama unfolded at the Mumbai bench of the national company law tribunal (NCLT) as ICICI Securities, an affiliate of ICICI Bank, India's second-largest private-sector lender, found itself defending its proposed delisting against objections raised by...

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Moneylife Digital Team 17 July 2024
Market regulator, Securities & Exchange Board of India (SEBI), proposed a new investment product category that could bridge the perceived gap between mutual funds and portfolio management services (PMS). In its consultation paper, SEBI suggested a minimum investment of Rs10 lakh for the new...

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