In a recent incident, a 58-year-old resident of Kolkata lost Rs 20 lakh to an investment scam on WhatsApp. Initially enticed by a Facebook advertisement offering a complimentary online stock trading course, the victim was subsequently added to a WhatsApp group by the organisers. Following a period of establishing trust, he was directed to a…
Unclaimed dividends and shares: If you have unclaimed dividends and shares, it is very likely that they would have been transferred to the Investor Education and Protection Fund. In this article, we understand when unclaimed dividends and shares make way to the Investor Education and Protection Fund and what investors should do.Market regulator Securities and…
Mutual Fund investments need investors to be KYC compliant. Whether you are a new MF investor or an old one, being KYC compliant is mandatory. However, from April 1, the list of documents officially accepted as proof of identity or address will narrow down. The Securities and Exchange Board of India (SEBI) has made it…
PN Gadgil Jewellers, the second-largest organised jewellery player in Maharashtra has filed its draft red herring prospectus with markets regulator Sebi to raise funds through an IPO. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. Under the OFS, promoter SVG Business Trust…
MUMBAI: Days after the Supreme Court asked Sebi to probe if losses due to short selling in Adani stocks were in violation of any law, the markets regulator on Friday made disclosures mandatory for such trades and allowed institutional investor participation. Short selling was earlier restricted to retail and HNI investors, but without disclosure requirement.The…
Minimum Issue Size On Social Bourses Cut To 50LMUMBAI: The board of Sebi on Saturday relaxed some of the guidelines for small not-for-profit organisations (NPOs) and non-government organisations (NGOs) to tap the social stock exchanges (SSEs) to raise funds, including halving the minimum fund-raising size to Rs 50 lakh. The board also approved a regulatory…
