Time and again, the National Stock Exchange (NSE) has been found more focussed on brokers increasing their turnover than what they are doing to increase business for the exchagne. So, when the now crisis-hit Anugrah Stock and Broking Pvt Ltd (ASBPL) reported a sudden jump of 2546% in volumes...
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Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs90 lakh on Anugrah Stock & Broking Pvt Ltd for repeated violation of regulations and compliance.    In an order, Prasanta Mahapatra, adjudicating officer (AO) of SEBI says, "It is established...
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After hearing the grievances of investors and clients of Anugrah Stock & Broking Pvt Ltd (Anugrah) the Bombay High Court says there exists a prima facie case and the statutory authorities have, indeed, failed in performing their duties under the law. Especially the bench observed that market...
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Paresh Kariya, the founder and director of Anugrah Stock and Broking Pvt Ltd (ASBPL), was arrested last night. The brokerage firm is accused of having cheated investors across the country of hundreds of crores of rupees and multiple FIRs have been filed against the owner and the broking firm....
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The National Stock Exchange (NSE) has expelled crisis-hit Anugrah Stock & Broking Pvt Ltd (KSBL) from its membership, while declaring the brokerage as defaulter. NSE’s earlier investigation found that Anugrah was running an unauthorised derivatives advisory service (DAS) through an associate...
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