Sebi cautions investors against fake notices demanding STT payments
Capital markets regulator Sebi on Thursday cautioned investors against fake notices being circulated in its name, demanding payments of Securities Transaction Tax.
Capital markets regulator Sebi on Thursday cautioned investors against fake notices being circulated in its name, demanding payments of Securities Transaction Tax.
The market watchdog further stated that fraudsters are sending fake notices, forging the regulator's letterhead and requesting payments for outstanding STT amounts.
"It has come to the notice of SEBI that certain fraudsters have circulated notices requiring compliance with Securities Transaction Tax (STT) under the Finance Act, 2004," the Securities and Exchange Board of India (Sebi) said in a statement.
