Share India Securities has received an approval for the proposal to surrender the License granted to the Company, by the Securities and Exchange Board of India (SEBI) for providing Portfolio Management Services. The Board of Directors of the Company, at its meeting held on August 21, 2024, has approved the same.
SEBI had granted the license to Share India Securities on February 12, 2018, to provide Portfolio Management Services in accordance with the SEBI (Portfolio Managers) Regulations, 1993. The license is being voluntarily surrendered by the Company.
The surrender of the license to provide Portfolio Management Services will not have any impact on the operations of the Company. Additionally, the Board deliberated on the commencement of services of Portfolio Management through the company’s subsidiary, Share India Capital Services.
Share India Securities is currently engaged in the business of equity broking, investing and trading activities.
