sebi:CO/435/SMD/12/2002
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Facts / Headnote
Application for registration as stock broker rejected
Regulations
- Reg. 4
- Reg. 8(1)
Holding
SEBI rejected the application of VSE Stock Services Limited for registration as a stock broker in the Capital Market and Futures & Options segments of NSE, holding it is not desirable to grant registration where the parent stock exchange has already floated one subsidiary that is a registered stock broker.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Order against VSE Stock Services Limited Dec 31, 2002 | Orders : Orders of Chairman/Members CO/435/SMD/12/2002 THE SECURITIES AND EXCHANGE BOARD OF INDIA
2.0 NSE has admitted the applicant as a trading member on its Capital Market and Futures & Options segments and have forwarded the application for registration to SEBI for its consideration. 3.0 The application submitted by the applicant has been
G. N. BAJPAI CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA Place : Mumbai Date : December 31, 2002
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Source: SecMarx — sebi:CO/435/SMD/12/2002. 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.