sebi:AO/SG-AS/EAD/28/2017
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
No monetary penalty imposed; noticee found not liable
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations
- Reg. 7
- Reg. 9
Parties
- Guiness Securities Ltd.
Holding
The noticee was found not liable for monetary penalty for alleged non-settlement of client funds/securities under the December Circular, as the retained credit balances were towards margin obligations and fixed deposits made on client instructions fell within clause 12(g)(ii) of the December Circular.
Full text
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Guiness Securities Ltd.Page 2 of 22
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Guiness Securities Ltd.Page 3 of 22 SHOW CAUSE NOTICE, HEARING & REPLY
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Guiness Securities Ltd.Page 4 of 22 “…
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Source: SecMarx — sebi:AO/SG-AS/EAD/28/2017. 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.