SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance

The Securities and Exchange Board of India (SEBI) has cancelled the registration of 39 stock brokers, seven commodity brokers, and 22 depository participants. The cancellations were primarily driven by the fact that these entities were no longer actively participating as members of recognized stock exchanges or depositories. SEBI noted that the action was necessary to...