KSBL investors told to file claims before deadline

New Delhi: Markets regulator Sebi on Friday asked investors of Karvy Stock Broking (KSBL), which has defaulted on payments, to file their claims before June 2 deadline.

KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said, "As the deadline for submitting investors' claims against default broker Karvy Stock Broking is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already."

SEBI Extends Timeline for ODI Framework

Sebi on Friday extended the timeline for implementing the framework regarding tightening of rules on issuance of offshore derivatives instruments (ODIs) by FPIs to November 17. Sebi, in December, came out with the framework, which was to become effective from May 17. The framework provides for additional disclosures to be made by ODI subscribers and FPIs (foreign portfolio investors) with segregated portfolios.