0170-2022 IIFL Commodities Limited vs Multi commodity Exchange of India limited
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Full text
“C. Penalty imposed is within the limit prescribed by 2019 SEBI Circular 6. Without prejudice to the above, it is submitted that the parent circular is the 2019 SEBI Circular which is issued under Section 11 of the SEBI Act and Section 10 of the SCRA. The purpose of the circular was to harmonize the penalty structure across exchanges (see paras. 2 and 3). The 2019 SEBI Circular expressly permits a penalty of up to 100% of the amount of margin falsely reported even after September 1, 2019 (para. 3(b)). Thus, even if the circular is taken to be retrospective in nature, the new pena
IN THE SECURITIES APPELLATE TRIBUNAL
AT MUMBAI
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — 0170-2022 IIFL Commodities Limited vs Multi commodity Exchange of India limited. 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.