Further, to Exchange notice no. 20180219-30 dated February 19, 2018 expelling Wealth Mantra Limited., the Trading Members of the Exchange are hereby informed that Wealth Mantra Limited (No. 3088) has also been declared as Defaulter w.e.f. November 5, 2019, under Rules, Bye-laws and Regulations of the Exchange, since the clients claims exceeds the assets of the Trading Member available with the Exchange.
Investors having any outstanding claims against Wealth Mantra Limited are advised to file their claims with the Exchange, if they so desire, within 90 days from the date of issue of this notice i.e. by February 4, 2020 (specified date) as provided under SEBI Circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004, Circular No. MRD/DP/06/2011 dated June 16, 2011, Circular No. SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 and any other modifications/circulars as may be issued by SEBI in this regard, from time to time.
The investors can file their claim against Wealth Mantra Limited at the concerned regional Investor Centre of BSE Ltd., the list of which is available on Exchange’s website at the following link:
https://www.bseindia.com/static/investors/cac_tm.aspx
The investors can also lodge their claims through Exchange’s website under e-Complaint Registration, a link for which is given below:
https://bsecrs.bseindia.com/ecomplaint/frmInvestorHome.aspx
The investors are hereby advised to go through the documentation requirement for filing their claim against defaulter, which is available on the Exchange website at following link:
http://www.bseindia.com/downloads1/Lodging_claim_against_Defaulter_Expelled_Member_Checklist.pdf
Further, the investors are hereby advised to go through the norms for eligibility of claims for compensation from IPF to the clients of the defaulter Member which are available on Exchange website at the following link:
https://www.bseindia.com/downloads1/Normseligibilityclaimsdefaultermember.pdf.
The eligible claims filed before the aforesaid specified date would be considered for compensation from the Investor Protection Fund (IPF), as per the provision of SEBI circular no. CIR/MRD/DP/28/2014 dated September 29, 2014 to the maximum extent of Rs. 15 Lacs per client. Further investors filing their claims after the specified date are required to provide reasons for delay in filing the claim and should satisfy the IPF that the claim could not have been filed before the specified date for the reasons beyond the control of the claimant.
Gopalkrishnan Iyer Hemant Dharap
Chief General Manager Dy. Gen. Manager
Brokers Supervision, Membership Compliance Membership Compliance
& Investor Services & Investor Services
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