NSE lays framework for action against brokers for misuse of clients funds

The National Stock Exchange (NSE) on Wednesday came out with a framework for taking immediate actions against trading members in case of misuse of client funds by them. In the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. In order to initiate immediate actions in critical cases where misuse of client funds is observed, the exchange said that proprietary deposits of the trading member available with the clearing house, NSE Clearing Ltd (NCL), will be blocked to the extent of the misuse amount or Rs 10 crore, whichever is lower, according to a circular. The action will be taken for violating "principles of enhanced supervision" for stock brokers in case of misuse of clients funds. In case misuse is observed with regards to "principles of enhanced supervision" for stock brokers, NSE said the amount equivalent to the aggregate amount of all principles, will be...
14-06-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed copies of the newspaper advertisement pertaining to financial results of the Company for the 4th Quarter and Financial Year ended on 31st March 2023. The advertisements were published in English and Marathi newspapers on 31st May 2023. This information will also be hosted on the Company's website, at www.nclfin.com
31-05-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Results - Audited Financial Results For The Quarter/Year Ended March 31, 2023

With reference to the above and in compliance with Regulation 33(3) of SEBI (LODR) Regulations, 2015, we are enclosing with this letter, Standalone Audited Financial Results, Statement of Assets & Liabilities and Cash Flow Statement for the 4th quarter and Year ended on 31st March 2023 together with 'Audit Report' by Statutory Auditors as well as Statement of Impact of Audit Qualification pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, as amended till date.
29-05-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 2023

NCL RESEARCH & FINANCIAL SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2023 ,inter alia, to consider and approve Audited Financial Results of the Company for the year ended March 31, 2023.
24-05-2023

NGT slaps Rs 10 cr fine on Northern Coalfields over storing of coal

The National Green Tribunal (NGT) has directed the Northern Coalfields Ltd (NCL) to pay a compensation of Rs 10 crore for violation of environmental rules by unscientific storing of around 1.5 lakh tonnes of coal in Sonbhadra district of Uttar Pradesh. The NGT was hearing a petition claiming the violation of environmental norms by unlawful dumping of coal in 35 bighas area belonging to the NCL, which was in the vicinity of a residential area. Noting a report of an earlier constituted panel along with a letter by the state pollution control board (PCB), a bench of chairperson Justice A K Goel said the dumping of coal was to the detriment of the environment and public health and the NCL had failed to take necessary measures to prevent air pollution. The bench also comprising judicial member Justice Sudhir Agarwal and expert member A Senthil Vel said the Rs 4.43 crore compensation determined by the state PCB was inadequate. ...the PCB has levied compensation on in-house formula which
04-05-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Board Meeting Intimation for Q4FY23 Financial Results (Audited)

NCL RESEARCH & FINANCIAL SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2023 ,inter alia, to consider and approve Audited Financial Results for the 4th quarter and Financial Year ended on 31st March 2023.
04-05-2023
Bigul

NCL was defrauded of 25 crore, fund transferred into firm's Chennai bank account

ED has now provisionally attached 5 immovable properties -- such as land and residential flats -- located at Hyderabad in Telangana and Thiruvallur in Tamil Nadu
22-04-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Compliances - Statement Of Deviation Or Variation Of Utilization Of Funds Under Regulation 32 Of SEBI LODR Regulations, 2015

Pursuant to Regulation 32 of the SEBI LODR Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please note that there are no deviation(s) or variation(s) in respect of the utilization of the proceeds of the Rights Issue of the Company during the 4th Quarter ended 31st March 2023, as mentioned in the object clause of the Prospectus dated March 16, 2022. Please find enclosed herewith a statement in this regard.
20-04-2023
Bigul

NCL RESEARCH & FINANCIAL SERVICES LTD. - 530557 - Compliances-Reg.24(A)-Annual Secretarial Compliance

pursuant to Regulation 24A of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD1/27/ 2019 dated 8 February 2019; we are forwarding herewith Annual Secretarial Compliance Report for the Financial Year 2022-23.
20-04-2023
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