INSUBCONTINENT EXCLUSIVE:
(Sebi), its chairman Ajay Tyagi said on Monday.
He added that Sebi will soon come out with a circular to prevent incidents such as Karvy
Broking Services, which had allegedly misused clients' securities.
Tyagi said the regulator does not want to disrupt the disbursement of the
funds and was keeping an eye on the issue
Karvy Stock Broking has told NSE that it will pay fund shortfall of Rs 678 crore by March by selling stake in a company.
A total of Rs 1,189
crore is payable by Karvy Stock Broking
conference, adding that for resolution of any dispute, lenders of Karvy have recourse to proceed in the court of law.
In November, the
watchdog barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities
to the tune of more than Rs 2,000 crore.
Commenting on the Sahara issue, Tyagi said that the court has said they will hear once the money is
deposited.
Meanwhile, there was not much material announcement on recategorisation of midcap and smallcap
