Notice No.   20160705-28   Notice Date   05 Jul 2016
Category   Compliance   Segment   General
Subject   Declaration of trading member Kassa Finvest Pvt. Ltd. (Clg. No. 6519) as defaulter.


Further, to Exchange notice no. 20150522-41dated May 22, 2015 expelling Kassa Finvest Pvt. Ltd., the Trading Members of the Exchange are hereby informed that Kassa Finvest Pvt. Ltd. (Clg. No. 6519) has also been declared as defaulter, under Rules, Bye-laws and Regulations of the Exchange, for its failure to settle the claims of the clients.   

As provided under SEBI circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004 and circular No. MRD/DP/06/2011 dated June 16, 2011 and any other modifications/circulars as may be issued by SEBI in this regard, from time to time, investors who have any outstanding claims against Kassa Finvest Pvt. Ltd. are advised to file arbitration reference/s with the Exchange, if they so desire, within 90 days from the date of this notice.

The clients filing their claims within the aforesaid period and obtaining arbitration awards in their favour against the trading member, would only be eligible for receiving compensation from the Investor Protection fund (IPF), as per the provisions of the Trust deed and Rules of IPF.

The maximum compensation limit per investor, if payable out of Investor Protection fund under the Rules, Bye-laws and Regulations of the Exchange is Rs. 15 lacs.

The claims in respect of the above should be filed with the Department of Investor Services, 1st Floor, Cama Bldg., Dalal Street, Fort, Mumbai – 400001


Gopalkrishnan Iyer                                         Ravindra Palande

Sr. General Manager                                       Asst. Gen. Manager