0240-2020 M-s. Sunshine Stock Broking Private Limited vs NSEIL
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Full text
“11. However, we are not able to agree with the stand of SEBI and NSE that no discretion in imposition penalty can be exercised, once a violation is established. The Circular issued by SEBI dated August 10, 2011 specifies different percentages of penalty with respect to short- collection / non-collection of margins from clients in equity and currency derivatives segment. While it specifies small proportion of 5% to 10% of margin short fall as penalty for non-reporting, it specifies that 100% of the short-collection shall be imposed as penalty. If such violation is noticed at the
BEFORE THE SECURITIES APPELLATE TRIBUNAL
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 — 0240-2020 M-s. Sunshine Stock Broking Private Limited vs NSEIL. 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.