Trade Nivesh Except Given

This is, however, a matter of debate, given the series of hardships that Karvy Broking’s clients have had to face in the last one week.A week of hardship After a preliminary investigation by NSE, SEBI had, vide a circular dated November 22, 2019, banned Karvy from enrolling new clients and prohibited transfer of securities or funds to or from KSBL’s own trading account, unless the shares were fully paid for.

While SEBI had permitted other transactions, except those warranting the use of the Power of Attorney (POA) by KSBL, the company had other restrictions in place.