Notice No.   20200731-8   Notice Date   31 Jul 2020
Category   Others   Segment   General
Subject   Declaration of Trading Member as Defaulter
Attachments   Annexure I.pdf ;

Trading Members of the Exchange are hereby informed that the Exchange has declared KAYNET CAPITAL LTD. (Clg. No. 367), a corporate Trading Member of the Exchange, as defaulter under the Rules, Bye-laws and Regulations of the Exchange, on account of its failure to fulfil its admitted liabilities towards investor complaints w.e.f. July 31, 2020.

Investors having any outstanding claims against KAYNET CAPITAL 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 (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 KAYNET CAPITAL 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, the Authorized Persons (mentioned in Annexure I) are affiliated with the Trading Member are not authorized henceforth to deal in that capacity and their registration stands withdrawn.


Usha Sharma                                                                 Hemant Dharap             

General Manager                                                           Deputy General Manager 

Broker Supervision, Membership Compliance,         Membership Compliance and

and Investor Services                                                  Investor Services