Mumbai, Feb 27 (IANS) Capital markets regulator Securities and Exchange Board of India (SEBI) has flagged a surge in frauds involving fake securities transaction tax (STT) notices and “account handling” services that promise risk‑free profits.The regulator said fraudsters have circulated fake notices demanding payment of outstanding securities transaction tax (STT) liabilities, often using forged SEBI letterhead, logo and seal and falsely claiming powers conferred by the SEBI Act, 1992.SEB…
Latest Finance Act 2004 News & Updates
Mumbai, Feb 26 (IANS) The Securities and Exchange Board of India (SEBI) on Thursday warned investors to stay alert after reports of fake notices demanding payment of securities transaction tax (STT).In a statement, Securities and Exchange Board of India said that some fraudsters are misusing its letterhead to send false notices to investors.These notices claim that investors have pending STT dues under the Finance Act, 2004, and wrongly state that Sebi is using powers under the Sebi Act, 1992, t…