Sebi urges Karvy Stock Broking investors to file claims before June 2 deadline
New Delhi: Markets regulator
Sebi
on Friday asked investors of
Karvy Stock Broking
(KSBL), which has defaulted on payments, to file their claims before
June 2 deadline
.
KSBL was declared a defaulter by the National Stock Exchange (
NSE
) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said, "As the deadline for submitting investors' claims against
default broker
Karvy Stock Broking is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already."
SEBI Extends Timeline for ODI Framework
Sebi on Friday extended the timeline for implementing the framework regarding tightening of rules on issuance of offshore derivatives instruments (ODIs) by FPIs to November 17. Sebi, in December, came out with the framework, which was to become effective from May 17. The framework provides for additional disclosures to be made by ODI subscribers and FPIs (
foreign portfolio investors
) with segregated portfolios.
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