sebi:MO/12/MIRSD/05/06

SEBI · SEBI · 2003-05-19 · T.C. Nair, Whole Time Member

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Facts / Headnote

Minor penalty imposed: suspension of certificate of registration for one month

Provisions invoked

• s. 19
• s. 12

Regulations

• Reg. 7
• Reg. 13(4)
• Reg. 5(1)
• Reg. 13(2)
• Reg. 6
• Reg. 5
• Reg. 17(1)
• Reg. 17(1)(k)

Parties

• M/s. N K Tiwary

Holding

The Whole Time Member of SEBI imposed a minor penalty of suspension of the certificate of registration of M/s. N K Tiwary for a period of one month, finding the broker guilty of four violations out of nine charges considered.

Full text

Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER AGAINST M/s.N K TIWARY, MEMBER - CALCUTTA STOCK EXCHANGE, SEBI REGISTRATION NO. INB030879612 UNDER REGULATION 13(4) OF SEBI (PROCEDURE FOR HOLDING ENQUIRY BY ENQUIRY OFFICER AND IMPOSING PENALTY) REGULATIONS, 2002. 1.0 BACKGROUND 1.1 M/s. N K Tiwary (hereinafter referred to as the ‘broker’) is a member of Calcutta Stock Exchange, (hereinafter referred to as ‘CSE’) and is registered with the Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) as a Stock broker under Section 12 of SEBI Act, 1992 with Registration Number INB030879612. 1.2 An Inspection of the Books of Accounts, Documents and other records maintained by the broker for the financial year 2002- 2003 was carried out from June 11-12, 2003 by SEBI pursuant to the Order dated May 19, 2003. During the inspection, certain irregularities found to have been committed by the broker were observed. 2.0 ENQUIRY PROCEEDINGS  2.1       The Inspection Report was forwarded to the broker on completion of inspection. An Enquiry Officer (hereinafter referred to as "EO") was appointed vide Order dated March 31, 2004 under Regulation 5(1) of SEBI (Procedure for Holding enquiry by enquiry officer and imposing penalty) Regulations, 2002 (hereinafter referred as the ‘said regulations’) to enquire into the alleged irregularities committed by the broker which were observed during the inspection. 2.2 A Notice dated April 30, 2004 wa

1.1 M/s. N K Tiwary (hereinafter referred to as the ‘broker’) is a member of Calcutta Stock Exchange, (hereinafter referred to as ‘CSE’) and is registered with the Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) as a Stock broker under Section 12 of SEBI Act, 1992 with Registration Number INB030879612. 1.2 An Inspection of the Books of Accounts, Documents and other records maintained by the broker for the financial year 2002- 2003 was carried out from June 11-12, 2003 by SEBI pursuant to the Order dated May 19, 2003. During the inspection, certain irregularities found to have been committed by the broker were observed. 2.0 ENQUIRY PROCEEDINGS 2.1 The Inspection Report was forwarded to the broker on completion of inspection. An Enquiry Officer (hereinafter referred to as "EO") was appointed vide Order dated March 31, 2004 under Regulation 5(1) of SEBI (Procedure for Holding enquiry by enquiry officer and imposing penalty) Regulations, 2002 (hereinafter referred as the ‘said regulations’) to enquire into the alleged irregularities committed by the broker which were observed during the inspection. 2.2 A Notice dated April 30, 2004 was issued to the broker under Regulation 6 (1) of the said regulations enclosing therewith a statement of the findings of the inspection and the contraventions alleged to have been committed by the broker. The broker submitted its reply vide letter dated June 28, 2004 and Shri Arun Kumar Chatterjee, authorized representative

Place: Mumbai T.C.NAIR Date: 22.5.06 Whole Time Member Securities and Exchange Board of India 29/10/2025, 15:28 about:blank about:blank 3/3

Source: SecMarx — sebi:MO/12/MIRSD/05/06. 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.