0366-2014 Master Share and Stock Brokers Ltd vs Securities and Exchange Board of India
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Full text
“13. Section 15HB of the SEBI Act provides that any person who indulges in fraudulent and unfair trade practices relating to securities, shall be liable to a penalty of twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher. It is noted that no quantifiable figures are available to assess the disproportionate gain or unfair advantage made as a result of such
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0366-2014 Master Share and Stock Brokers Ltd vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.