NSE declares Anugrah Stock & Broking as defaulter, scraps membership
Anugrah Stock & Broking is the second company to face NSE action this week after the exchange expelled Karvy Stock Broking.
November 27, 2020 / 09:17 AM IST
The National Stock Exchange of India (NSE) has expelled Anugrah Stock & Broking from the exchange after declaring it a defaulter.
Anugrah Stock & Broking has been expelled from the membership of the exchange under Rules 1 and 2 of Chapter IV of the NSEIL Rules and has been declared as defaulter under provision 1 (a) of Chapter XII of Exchange Bye laws w.e.f. November 26, 2020, after the close of market hours, NSE said in a release.
The move comes a few days after the National Stock Exchange of India (NSE) scrapped Karvy Stock Broking's
membership and declared it a defaulter.