sebi:6778
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Facts / Headnote
Minor penalty of censure imposed on the Noticee for violation of Regulation 7 read with clause A(2) of Code of Conduct under Schedule II of Stock Brokers Regulations; PFUTP charges not established.
Provisions invoked
- s. 19
Regulations
- Reg. 7
- Reg. 13(4)
- Reg. 4(a)
- Reg. 199
- Reg. 6(1)
Parties
- NCJ Share & Stock Brokers Ltd (erstwhile proprietary concern of N C Jain), SEBI Registration No. INB11192037, PAN No. AABCN3702G
Holding
The Noticee, NCJ Share & Stock Brokers Ltd, was held to have violated Regulation 7 read with clause A(2) of the Code of Conduct in Schedule II of the Stock Brokers Regulations by failing to monitor the trades of their registered and unregistered sub-brokers, and was imposed a minor penalty of censure. Charges under the PFUTP Regulations were not established against the Noticee.
Full text
APPEARANCES: FOR THE NOTICEE: Shri N C Jain, Director of NCJ Share & Stock Brokers Ltd Shri Prakash Shah, Advocate FOR SEBI Mrs Barnali Mukherjee, DGM. Shri Deepesh M.U, Manager Shri Mohamed Rahaz. P.M, Legal Officer.
was later corporatized and changed its name to NCJ Share & Stock Brokers Ltd with SEBI Registration No. INB11192037 (hereinafter referred to as ‘Noticee’).
filed written submissions vide letter dated July 9, 2006 and the gist of the contents thereof were recorded by the Enquiry Officer in her report. After conducting enquiry in accordance with the provisions of the Enquiry Regulations, the Enquiry Officer submitted report dated June 20, 2007 and recommended a minor
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Source: SecMarx — sebi:6778. 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.