Legal Articles MPID Court Designates NSEL Brokers as Deposit-Taking Institutions April 30, 2024 / April 30, 2024 by Legal India Admin | Leave a Comment The MPID (Maharashtra Protection of Interest of Depositors) Court has ruled that stockbrokers implicated in the NSEL payment crisis qualify as deposit-taking financial establishments under the MPID Act. This decision, based on Sections 2(c) and 2(d) of the Act, applies to the funds received from both investors and brokers. Among the 16 brokers identified by […] Read more ยป mpid court
