KARVY CAPITAL
Fee defaults push Sebi to pull the plug on 8 investment advisers
Securities and Exchange Board of India has canceled the registrations of eight investment advisers for failing to pay fees. The affected firms include Karvy Investment Advisory Services, IDFC Alternatives, and six others. Non-payment of renewal fees dates back to December 2018 for certain firms and continues for others. Registered investment advisers are required to pay renewal fees every five years to maintain validity.
Sebi initiates action against 8 investment advisers over non-payment of renewal fees
SEBI has initiated proceedings against eight registered investment advisers for failing to pay mandatory renewal fees. The defaults span 2018 to 2024, with the regulator seeking explanations and warning of possible suspension or cancellation of registrations.
SEBI cancels Certificate of Registration of Karvy Stock Broking
A month ago, the Securities and Exchange Board of India had banned the brokerage from the securities market for misappropriating clients' funds. The company was declared a defaulter and expelled by the stock exchanges in November.
Sebi bans Karvy Stock Broking, promoter from securities market for 7 years; fines Rs 21 crore
While Parthasarathy has been restrained from holding the post of director, or any key managerial position in any listed public company and associating with any registered intermediary for 10 years, the same for KSBL's then directors -- Bhagwan Das Narang, Jyothi Prasad -- is two years.
Sebi imposes Rs 10 lakh fine on Karvy Financial Services for not making open offer timely
Karvy Financial made public announcement for open offer with a delay of 81 days, in violation of Substantial Acquisition of Shares and Takeovers (SAST) norms.
Buy this fall in the market, but not at one go: Kunj Bansal
Market correction a very healthy development and it gives opportunity for fresh money to come in, says the Karvy Capital CIO.
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Bombay HC asks for valuation of Karvy accounts
IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder for Karvy’s trading accounts. This was the first time depositories separately sold trading and demat accounts. Exchanges had terminated the membership of Karvy amid allegations the brokerage had misused clients’ securities and funds.
Karvy debacle: Bourses get show cause notice from Sebi
A show cause notice is sent by Sebi upon completion of its probe. Once the exchanges reply on the matter, it will go to an adjudication officer, who will pass a final order.
ClearTax buys GST filing unit of Karvy
Sale comes at a time when Karvy’s stock broking unit looks to sell assets to clear dues.
My son works abroad. Can he send me money so that I can invest in my name in mutual funds?
Specified assets for the purpose of Section 115E are shares in Indian companies; debentures issued by an Indian company other than a private company; Deposits with an Indian company other than a private company; any security of the central govt.
Sebi fines Karvy Financial Services for disclosure lapses
Sebi found that three promoters of Regalia Realty in order to obtain a project loan for the company, created encumbrance on the shares held by them by way of a pledge in favour of Karvy Financial Services to secure repayment of the loan.
Sebi rejects lenders’ plea on client shares pledged by Karvy
HDFC Bank, IndusInd, ICICI and Bajaj Fin had sought return of shares pledged by Karvy.
Karvy Broking holds back clients’ funds
Many disgruntled customers have been venting their anger on Twitter.
Karvy case: Bajaj Finance moves SAT against Sebi order
SAT reserved the matter for orders on Tuesday.
NSE suspends Karvy Stock Broking's licence due to non-compliance of regulatory provisions
Investors with accounts with the brokerage will be able to migrate to other brokers.
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Karvy had moved the SAT seeking relief to allow the firm to tender securities for settlement.
What should clients of Karvy Stock Broking do now
Sebi alleged that Karvy has misused client securities by pledging them with banks and FIs to raise funds.
Can ‘CP’ weather another Karvy storm?
Even as Karvy tried to adopt corporate practices, a few old habits lingered.
Bengaluru police book top officials of Karvy group
Among those booked include directors of Karvy Stock Brokers, Karvy Realty India and Karvy Capitals.
Global private equity fund General Atlantic buys stake in Karvy Computershare
General Atlantic has been active in India since 1999 and has invested over $2 billion in the India and Asia-Pacific region, as of December 31, 2016.
Arpwood, Indostar vie for $400 million Karvy NBFC
At least two bidders, Arpwood Capital, and Indostar Capital Finance are in the fray to acquire the non-banking finance company (NBFC) Karvy Finance.
Pune’s Shubhi Agro Dairy defaults on secured non-convertible debentures
Several investors that ET spoke to said the dairy firm has not paid interest since December 2014 and has also defaulted on a part payment of the principal amount.
Link Intime, Karvy Computershare in fray to buy Sharepro
Both companies will enter into a formal business arrangement after consulting Sebi since Sharepro is under regulatory ban over alleged fraudulent deals.
Srei Infrastructure Finance plans to raise up to Rs 200 crore
Srei Infrastructure Finance is planning to issue secured redeemable non-convertible debentures (NCDs) of Rs 1,000 each.
Higher pre-tax returns and a stable rupee drawing big money into ‘Structured Products’
Share of FPIs in such onshore structured products has increased to more than 15% at the end of December 2014 from less than 5% in the past two years.
Buy diversified equity mutual funds or index ETFs: Swapnil Pawar, Karvy Capital
A reforms-oriented government, a likely cut in interest rates and falling commodity prices have set the stage for a long bull run, says Swapnil Pawar, CIO, Karvy Capital
Karvy Capital launches first hedge fund
Karvy Capital, the asset management arm of financial services provider Karvy Group, today launched first hedge fund named 'systematic edge fund'.
Karvy Capital's hedge fund eyes Rs 100 cr by mid-August
Karvy Capital today said it expects to attract inflows of about Rs 100 crore from high networth entities for its newly launched hedge fund.
Share registrar Karvy won’t have it easy anymore
Karvy’s leadership position is under threat as the JV between Australia’s Link Group and India’s Intime raised its IPO market share to 43.7%.
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