National Spot Exchange

Sebi unveils settlement scheme for NSEL brokers facing regulatory action

Markets regulator Sebi on Wednesday announced the introduction of a settlement scheme for certain stock brokers, who traded on the National Spot Exchange Ltd (NSEL) platform. This long-awaited move is expected to bring major relief to traders whose funds have been stuck since the NSEL payment crisis in July 2013. In a press release after its board meeting, Sebi said the scheme is for those stock brokers against whom enforcement actions have been initiated by the regulator. By opting for the scheme, these brokers will have an opportunity to resolve pending proceedings and bring them to an expedited conclusion. The Sebi board also cleared significant reforms to boost investment activity through Alternative Investment Funds (AIFs). It approved a proposal to allow Category I and II AIFs to offer co-investment schemes under the AIF regulations. This will further facilitate AIFs and investors to co-invest and support capital formation in unlisted companies through AIFs. Under the newly

NSEL scam: Sebi bans five major commodity brokers for six months

The brokers had appealed to the Securities Appellate Tribunal (SAT) against a previous order by Sebi issued in 2019

Bombay HC warns Chidambaram, two bureaucrats in 63 Moons damages suit

Grants third extension for four weeks to file their written statements

I didn't flee, groundwork ready for refund to NSEL claimants: Jignesh Shah

He said the recovery group at NSEL has managed to establish full money trail of the entire amount of Rs 5,600 crore

Mumbai police files charge sheet against brokers in NSEL default case

The Economic Offence Wing (EOW) of Mumbai Police investigating the case said on Thursday that till now 32 persons have been arrested in the case