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 […]

SEBI should promote transparency in bourses by implementing RTI Mechanism

Background In order to promote transparency and accountability in administration, the Legislature enacted the Right to Information Act, 2005 which came into force on 12 October 2005. The Act empowers Indian citizens to seek information from a Public Authority, thus making the Government and its functionaries more accountable and responsible. The Right to Information Act, […]