Sebi cancelled Grovalue Financial Services' registration for violating regulatory norms.
Securities and Exchange Board of India (Sebi) cancelled Grovalue Financial Services' registration due to violating regulatory norms. Inspections from Apr 2021 to Aug 2022 showed the company failed to maintain accurate books of accounts, comply with Research Analysts norms, or promptly resolve complaints within 30 days as required by Sebi. This raises concerns about their role in investor decision-making.
June 14, 2024
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