Before this, the regulator on August 7 sent a notice to Karvy and Parthasarathy asking them to pay dues within 15 days in a case pertaining to misappropriation of clients’ funds by misusing the Power of Attorney (PoA).
The notice came after the entities failed to pay the fine imposed on them by Sebi.
The Securities and Exchange Board of India (Sebi) in April 2023 barred KSBL and Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on them for misappropriating clients’ funds by misusing the Power of Attorney given to the broking firm.
Bu hikaye Millennium Post Delhi dergisinin New Delhi 13September2024 sayısından alınmıştır.
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Bu hikaye Millennium Post Delhi dergisinin New Delhi 13September2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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