Version 2.0.0, released earlier this month, contains a bevy usability, functionality, and configurability improvements, as well as rounds up a number of bug fixes. Microsoft's latest release of the ...
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Regulator wants to ease on client code modification but concerned with tax evasion and circular trading The Securities and Exchange Board of India (Sebi) has flagged risks of tax evasion and misuse ...
Brokers who dealt with the crisis-hit National Spot Exchange (NSEL) are believed to have indulged in wide-spread client code modification to shift trades from the account of a particular client to ...
Brokers punch in the unique client code before placing a buy or a sell order on behalf of a client and there are possibilities of errors while doing the same. This circular supersedes SEBI's January ...
To counter tax evasion through modification of client codes by brokers, the central board of direct taxes (CBDT) has now made it mandatory for all stock exchanges to furnish a monthly statement of all ...
In a move that could help curb evasion of taxes, the income-tax department has issued a notification to the stock exchanges to report changes in client codes done by brokerages in a specified format ...
The move comes after the Securities and Exchange Board of India (Sebi) received representations from stock brokers and stock exchanges to review the penalty structure in cases of client code ...
Sebi on Friday asked brokers to link the unique client code (UCC) of investors to the latter’s demat accounts. UCC is a number that is assigned to each investor and is “unique” in nature.