Quick Summary
Securities and Exchange Board of India (SEBI) plays an important role in regulating all the players operating in the Indian capital market. SEBI is a statutory body and a market regulator, which controls the securities market in India. The primary functions of SEBI is to protect the interests of investors in securities and to promote and regulate the securities market.
Securities and Exchange Board of India (SEBI) vide press release no. PR No.22/2022 dated 07th July, 2022 has issued a press release regarding "Caution to the public against fraudulent calls/e-mails messages about refund of money".
Key Highlights
- It has come to the notice of the Securities and Exchange Board of India (SEBI) that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.
- SEBI hereby cautions the public against such false claims of refund and cautions them against parting with any documents/money on such calls/emails/ messages etc.
- SEBI does not seek processing fees or money in any form in cases where money are to be refunded as per court order etc.
- The public/investors may also note that the employee directory of SEBI and details of refund process initiated by SEBI, if any, are available on SEBI website (www.sebi.gov.in) which may be checked on receiving such calls / e-mails / messages.
- SEBI warned investors against fraudulent phone calls, emails and messages about refund of money.
Courtesy: CS Lalit Rajput
FAQ :
SEBI is warning the public about fraudulent calls, emails, and messages that falsely claim to be from SEBI officials offering money refunds.
Fraudsters are impersonating SEBI officials from a 'Recovery and Refund Department' and falsely informing people about refunds through phone calls, emails, or messages.
No, SEBI does not ask for any processing fees or money in any form when refunds are to be issued, such as those ordered by a court.
The public should be cautious and not part with any documents or money in response to such calls, emails, or messages.
The public can verify refund process details and check the employee directory on SEBI's official website, www.sebi.gov.in.
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