Investor Protection

SEBI Warns Investors About Fake STT Notices and Account Handling Scams

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SEBI Warns Investors About Fake STT Notices and Account Handling Scams

Mumbai, February 27: The Securities and Exchange Board of India (SEBI) has issued a warning to investors regarding the rise of scams involving fake Securities Transaction Tax (STT) notices and misleading ‘account handling’ services. SEBI reported that fraudsters are sending counterfeit notices demanding payment for outstanding STT. These notices are created using fake letterheads, logos, … Read more

ED Achieves Major Victory in Alchemist Group Bankruptcy Case

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New Delhi, February 6: The Enforcement Directorate (ED) has secured a significant victory in the Alchemist Group case. The National Company Law Tribunal (NCLT) has completely revoked the ongoing Corporate Insolvency Resolution Process (CIRP) against Alchemist Limited in its order dated February 3. The tribunal found that the process was initiated with fraudulent intent and … Read more