Brokers who dealt with the crisis-hit National Spot Exchange (NSEL) are believed to have indulged in wide-spread client code modification to shift trades from the account of a particular client to ...

Regulator wants to ease on client code modification but concerned with tax evasion and circular trading The Securities and Exchange Board of India (Sebi) has flagged risks of tax evasion and misuse ...

The move comes after the Securities and Exchange Board of India (Sebi) received representations from stock brokers and stock exchanges to review the penalty structure in cases of client code ...

In a move that could help curb evasion of taxes, the income-tax department has issued a notification to the stock exchanges to report changes in client codes done by brokerages in a specified format ...

The Securities and Exchange Board of India has allowed stock exchanges to waive the penalty for modification of client code of non-institutional trades where a broker ...