Legal No instance of misuse of clients’ securities, says Karvy Group Updated : November 25, 2019 12:20 PM IST SEBI restricted Karvy Stock Broking Ltd from taking on new clients for numerous violations of SEBI norms The regulator also directed the two depositories NSDL and CDSL from honouring instructions given by Karvy. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.