The Hindu Business Line : Frozen a/c: Panel soon to vet claims from clients of Alka Securities

SEBI has directed NSE and BSE to constitute a three-member committee to ascertain ownership of shares held by clients in the frozen accounts of Alka Securities and Mahesh Kothari Shares and Stock Brokers Pvt Ltd, that were barred from the markets.

The committee would also make public notices through two national newspapers inviting claims from the clients whose shares are said to be lying in the accounts of the said brokers, a SEBI order issued on January 28 said.

The claims of the clients will be scrutinised by the committee based on supporting documents, SEBI said.

SEBI also directed Alka Securities and Mahesh Kothari Shares to reconcile the client-wise securities position and recreate the securities register within 10 working days.

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