demat meaning in tamil
demat meaning in tamil with example
demat tamil meaning and more example for demat will be given in tamil.
The IPO scam came to light last year when the private sector Yes Bank launched its initial public offering which saw one Roopalben Panchal of Ahmedabad opening multiple fake demat accounts. Chidambaram on Friday said stringent action would be taken against those involved in the multiple demat account scam which was unearthed by capital market regulator recently. He was speaking here on Friday in response to questions about SEBI having unearthed a multiple demat account scam in the initial public offer IPO of the Infrastructure Development Finance Company IDFC on Thursday. Shares can be allotted only in the electronic mode through demat accounts opened with one or other of the depository participants. Successful applicants now receive shares in their demat accounts which in turn are linked to specific bank accounts. The National Securities Depository Ltd NSDL has asked the depository participants DPs to report about the individuals behind the 7000 multiple demat accounts found noncompliant with the client identification norms by February 15. The convenor of the partys investor cell Kirit Somaiya has demanded that the Government get to the bottom of the fraudulent demat accounts scandal. In the case of another financier the recoveries include details of 1100 bank accounts in HDFC 4000 bank accounts in ING Vysya Bank and 6000 Demat dematerialised accounts in Karvy Stock Broking Ltd. These individuals and entities also opened several fictitious Demat accounts with Depository Participants DPs.