SEBI cancels registrations of non-compliant stockbrokers, commodity brokers, and depository participants.
SEBI cancels registrations of 39 stockbrokers, 7 commodity brokers, and 22 depository participants for non-compliance with registration requirements. The cancellations aim to prevent misuse and protect investors by preventing these entities from acting as active participants if they are not affiliated with a recognized stock exchange or depository. The affected parties remain liable for any actions taken during their time as brokers or depository participants, and must settle any outstanding dues to SEBI.
August 30, 2024
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