SEBI PREVENTS MISUSE OF POA BY BROKER

On 23/04/2010, SEBI vides it circular no. CIR/MRD/DMS/13/2010 issued new guidelines for Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker/ Stock Broker and Depository Participant.  Generally, the brokers refused to open online trading/demat account without signing PoA by the client in favour of broker which allows the broker […]

National Stock Exchange is “public authority” therefore within the purview of RTI Act

The National Stock Exchange of India Limited & Jaipur Stock Exchange filed an appeal in the Delhi High Court against the ruling of the Central Information Commission (CIC) dated 07/06/2007 which held that stock exchange being a quasi governmental body working under the statute and exercising statutory powers has to be held to be a […]

Fraudulent Online Share Transactions By Hacking

NEERAJ AARORA, AICWA, LLB, PGD (Cyber Law & DLTA), ACFE (USA) Certain unknown persons executed fraudulent trade by selling a call option of 5500 shares of BEL Ltd. in the trading code of CM01 allotted by the broker M/s CMA Securities Pvt. Ltd. in the name of Shri M. K. Chopra. This trading had been […]