Business

NSE alerts investors about such scheme, know what is the whole matter

Photo:FILE NSE

NSE: The country’s premier stock exchange National Stock Exchange (NSE) has cautioned investors against the assured return schemes offered by entities like ‘Real Trader’ and ‘Grow Stock’. The exchange said that these entities are neither registered as members with NSE nor are authorized persons on behalf of any registered member. NSE’s statement came after it found that entities such as ‘Real Trader’ and ‘Grow Stock’ operating through Telegram channel and WhatsApp were offering schemes claiming guaranteed returns.

Do not invest in guaranteed schemes

The exchange said in a statement that investors are cautioned not to invest in schemes offered by entities/individuals in the stock market with guaranteed returns as it is prohibited by law. The exchange had issued a similar advisory last month. At that time it came to the notice of the Exchange that an entity named Shares Bazaar Private Limited was offering investment schemes with assured returns.

Recently Chauhan has become CEO

Recently, the shareholders of the country’s leading stock exchange National Stock Exchange (NSE) approved the appointment of Ashish Kumar Chauhan as Managing Director (MD) and Chief Executive Officer (CEO). The Extraordinary General Meeting of NSE was held on 11th August. In this, the shareholders approved the appointment of Chauhan with 99.99 percent votes. Chouhan was earlier the Managing Director and CEO of BSE. He took over as the head of NSE on 26 July. The Securities and Exchange Board of India (SEBI) had approved Chauhan’s appointment on July 18 itself. He replaces Vikram Limaye, whose five-year tenure at NSE ended on July 16.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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