Notice No.   20200303-37   Notice Date   03 Mar 2020
Category   Others   Segment   General
Subject   Declaration of KSBL SECURITIES LTD. (Clg. No. 6321) as Defaulter and its Expulsion

Trading Members of the Exchange are hereby informed that pursuant to declaration of KSBL SECURITIES LTD. as Defaulter as well as its Expulsion by NSE vide its circular no. 19/2020 dated February 28, 2020 w.e.f. February 28, 2020, the Exchange has declared KSBL SECURITIES LTD. (Clg. No. 6321), a corporate Trading Member of the Exchange as Defaulter, in terms of the provisions of SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 dated March 17, 2010 and also Expelled the said Trading Member in compliance with the requirement of Circular No. F. No. 1/26/SE/91 dated August 12, 1991 issued by Ministry of Finance (Department of Economic Affairs), Government of India w.e.f. March 3, 2020.

Investors having any outstanding claims against KSBL SECURITIES LTD. are advised to file their claims with the Exchange, if they so desire, within 90 days from the date of issue of this notice i.e. by June 01, 2020 (specified period), as provided under SEBI Circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004, circular No. MRD/DP/06/2011 dated June 16, 2011, circular no. SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 and any other modifications/circulars as may be issue by SEBI in this regard, from time to time.

The investors can file their claim against KSBL SECURITIES LTD. at the concerned regional Investor Centre of BSE Ltd., the list of which is available on Exchange’s website at the following link:

The investors can also lodge their claims through Exchange’s website under e-Complaint Registration, a link for which is given below: 

The investors are hereby advised to go through the documentation requirement for filing their claim against defaulter, which is available on the Exchange website at following link:

Further, the investors are hereby advised to go through the norms for eligibility of claims for compensation from IPF to the clients of the Defaulter Member which are available on Exchange website at the following link:

The eligible claims filed before the end of aforesaid specified period would be considered for compensation from the Investor Protection Fund (IPF), as per the provision of SEBI circular no. CIR/MRD/DP/28/2014 dated September 29, 2014 to the maximum extent of Rs.15 Lacs per client. Further, investors filing their claims after the specified period are required to provide reasons for delay in filing the claim and should satisfy the IPF that the claim could not have been filed before the end of specified period for the reasons beyond the control of the claimant.

As per the Exchange records, no Authorized Persons are affiliated with the aforesaid Trading Member.



Gopalkrishnan Iyer                                                       Hemant Dharap     

Chief General Manager                                                Deputy General Manager 

Broker Supervision, Membership Compliance,        Membership Compliance and

and Investor Services                                                 Investor Services