Sebi suspends Karvy's registration for 1 month for flouting portfolio managers rule
In its order, the markets regulator said that Karvy Stock Broking Ltd or PMS Karvy failed to provide certain details in disclosure document, including details of penalties, pending litigation or proceedings and finding of investigation.
Sebi has directed "the suspension of certificate of registration of the noticee, i.E., Karvy Stock Broking Limited for a period of one month". Pic: Reuters