sebi:11409
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Facts / Headnote
Certificate of Registration (SEBI Registration No. INB 191013534) of M/s. Bijal Securities Pvt. Ltd. suspended for a period of six months.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12
Regulations
- Reg. 7
- Reg. 13
Parties
- M/s. Bijal Securities Pvt. Ltd.
Holding
Bijal Securities Pvt. Ltd. violated Section 12 of the SEBI Act, 1992 and Clauses A(2) and A(5) of the Code of Conduct for Stock Brokers by acting as an unregistered sub-broker of Joindre Capital Services Ltd., and its Certificate of Registration was suspended for six months.
Full text
BACKGROUND 1. M/s. Bijal Securities Pvt. Ltd. is a member of the Vadodara Stock Exchange (hereinafter referred to as ‘VSE’) and is registered with Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) vide SEBI Registration No. INB191013534.
Stock Exchange. M/s Nitin Bansilal Chokshi had traded in the scrip through Bijal, as under : Sett.No. Purchases Sales Gross Net 36 0 49500 49500 -49500 37 0 6700 6700 -6700 39 0 5000 5000 -5000 40 0 5000 5000 -5000 Total.. 0 66200 66200 -66200 M/s Nitin Bansilal Chokshi had in turn traded for its client Shri Sanjay R.Shah, also a member of ASE.
6. The Enquiry Officer, after conducting the enquiry as per the provisions of the SEBI (Procedure for holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, submitted a report dated 23.01.2004 and recommended a
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Source: SecMarx — sebi:11409. 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.