Bissoy.com
Doctors Medicines MCQs Q&A

Recently, the NSE has suspended the trading license of which of the following "stock-broking" company for all segments due to non-compliance with the exchange and Securities and Exchange Board of India (SEBI) norms?

Recently, the NSE has suspended the trading license of which of the following "stock-broking" company for all segments due to non-compliance with the exchange and Securities and Exchange Board of India (SEBI) norms? Correct Answer <span style="color: rgb(88, 89, 91); font-family: Roboto, sans-serif;">Karvy Stock Broking Ltd’s</span>

The correct answer is option 1 i.e Karvy Stock Broking Ltd’s

  • ​The NSE suspended Karvy Stock Broking Ltd’s trading licence for all segments due to non-compliance with exchange and Securities and Exchange Board of India (Sebi) norms.
  • The BSE,MCX and MSEI have also suspended the licence of the brokerage firm.
  • The markets regulator estimates the misuse of client securities by the broker at ₹2,800 crore, 40% more than the ₹2,000 crore it determined 

Related Questions

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options. P: While it is good to see SEBI taking a serious view of leaks and initiating suo motu action, bringing the perpetrators to book through such old-fashioned methods may be an uphill task. Q: But recent episodes of suspected insider trading through WhatsApp groups, in which analysts shared prescient tip-offs about upcoming results for top listed companies, reveals that the framework remains porous. R: The Ministry of Corporate Affairs and the Securities Exchange Board of India (SEBI) have lately redoubled their efforts to put in place a water-tight governance framework for listed firms. S: Initiating a probe into this episode, SEBI has interrogated analysts, conducted raids on stock brokers and deployed search-and-seizure powers to confiscate laptops and mobile phones.
The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the mostlogical order of sentences from among the options. P: While it is good to see SEBI taking a serious view of leaks and initiating suo motu action, bringing the perpetrators to book through such old-fashioned methods 0may be an uphill task.
Q: But recent episodes of suspected insider trading through WhatsApp groups, in which analysts shared prescient tip-offs about upcoming results for top listedcompanies, reveals that the framework remains porous.
R: The Ministry of Corporate Affairs and the Securities Exchange Board of India (SEBI) have lately redoubled their efforts to put in place a water-tight governance framework for listed firms.
S: Initiating a probe into this episode, SEBI has interrogated analysts, conducted raids on stock brokers and deployed search-and-seizure powers to confiscatelaptops and mobile phones.
Consider the following statements about the Securities and Exchange Board of India (SEBI): 1. SEBI is an executive body established in 1992, under the Ministry of Finance. 2. Securities Appellate Tribunal (SAT), acts as an appellate to protect the interest of entities that feel aggrieved by SEBI’s decision. Which of the above statement(s) is/are incorrect?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: World’s largest beer maker Heineken NV, the majority partner of United Breweries with Vijay Mallya, is understood to have sought legal opinion over its right to appoint a chairman at the Indian company. Heineken and some of its advisers believe that the shareholder agreement between Mallya and the beer giant has become null and void after India’s Enforcement Directorate attached his shares as part of its legal action against the liquor baron. Which among the following arguments support the above statement in the best possible manner? Arguments: I. UBL has stopped sharing confidential information with Mallya and has said that he is no longer privy to any strategic developments.  II. The board of UBL, India’s biggest beer company, had asked Mallya to either step down or appoint a nominee after the Securities and Exchange Board of India barred wilful defaulters from holding key board positions last year.  III. The company is functioning well and operations are in good shape but it is not good corporate governance to have an acting chairman for so long.
Under the member constituent agreement, trading members are required to make the clients aware of which of the following?
1. Trading segment in which the trading member is admitted.
2. SEBI registration number.
3. Basic risks involved in trading on the exchange.
Select the correct answer
The Securities Market regulator Securities and Exchange Board of India (SEBI) has tightened the Participatory Notes (P-note) norms. The main purpose of this decision is to keep
In the question below, a statement is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement with the Securities and Exchange Commission allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years.  Courses of action: I. Tesla must hire an independent chairman to oversee the company, something that should please a number of shareholders who have criticised Tesla's board for being too beholden to Musk.  II. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company's ability to cope without Musk, a charismatic entrepreneur whose penchant for coming up with revolutionary ideas has drawn comparisons to one of Silicon Valley's most revered visionaries, Apple co-founder Steve Jobs.  III. Besides paying a fine and stripping Musk of his chairman's title, Tesla also must appoint two more directors who have no ties to the company or its management. Musk will be allowed to remain on the board.
In which of the following years was the Security and Exchange Board of India (SEBI) established by the government of India to protect the interests of investors in securities and to promote and regulate the securities market?
Arrange the following institutions in chronology order.
1. SEBI (Securities Exchange Board of India), 1988
2. Board for Industrial and Financial Reconstruction (BIFR)
3. EXIM Bank
4. National Stock Exchange
Securities and exchange board of India (SEBI) has approved a proposal to introduce a framework for ‘Accredited Investors’ in the Indian securities market. Who can be 'Accredited investors'?