Karvy Claim Deadline – File NSE Claims by 2 June 2025
- Blog|News|Company Law|
- 2 Min Read
- By Taxmann
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- Last Updated on 20 May, 2025
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PR No.26/2025, Dated: 16.05.2025
1. Overview
The National Stock Exchange (NSE) declared Karvy Stock Broking Ltd. (KSBL) a defaulter on 23 November 2020 and invited investors to lodge compensation claims. The last date for filing or updating any such claim is 2 June 2025.
2. Why Karvy Was Declared a Defaulter
Regulators found that KSBL had illegally pledged clients’ securities and diverted funds, leading to a major shortfall in settling investor obligations. NSE subsequently expelled the broker and constituted a defaulter committee to process investor claims.
3. Claim Window & Deadline
Investors who dealt with KSBL between its registration and the date of default can file or revise claims until 11:59 p.m. IST on 2 June 2025. Claims received after this date are normally barred under NSE bye-laws.
4. Who Can File a Claim?
Eligible claimants include:
- Clients with unpaid funds or securities due from KSBL.
- Beneficial owners whose securities were pledged or sold without consent.
- Legal heirs of deceased investors with outstanding dues.
- Investors whose arbitration awards in their favour remain unpaid.
5. Documents You’ll Need
- Latest client master and demat holding statement.
- Ledger and contract notes for trades with KSBL.
- Copy of bank statement reflecting unpaid credits (if claiming funds).
- PAN and address proof (self-attested).
- In case of legal heirs: Succession certificate/probate/indemnity bond.
6. Consequences of Missing the Deadline
After 2 June 2025, the defaulter committee may consider claims only if expressly permitted by SEBI or a competent court, which significantly reduces the likelihood of recovery. Investors are therefore strongly advised to act now.
7. Final Reminder
If you have not yet lodged or updated your claim against Karvy Stock Broking Ltd., complete the submission well before 2 June 2025 to preserve your right to compensation under NSE rules.
Click Here To Read The Full Press Release
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