sebi:MO/34/MIRSD/12/2005

SEBI · SEBI · 2000-12-21 · Whole Time Member, Securities and Exchange Board of India

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Facts / Headnote

warning

Provisions invoked

Regulations

Parties

Holding

M/s Kanodia Stock Broking (Pvt) Ltd, member Calcutta Stock Exchange, was warned and directed to be more cautious in future and to adhere to the SEBI Act, 1992 and Rules and Regulations thereunder.

Full text

Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER AGAINST M/s KANODIA STOCK BROKING (PVT) LTD., MEMBER   CALCUTTA STOCK EXCHANGE, SEBI REGISTRATION NO. INB030878338 UNDER REGULATION 13(4) SEBI (PROCEDURE FOR HOLDING ENQUIRY BY ENQUIRY OFFICER AND IMPOSING PENALTY) REGULATIONS, 2002. 1.0   BACK GROUND 1.1  M/s Kanodia Stock Broking (Pvt) Ltd (hereinafter referred to as the ‘broker’) is a member of the Calcutta Stock Exchange (hereinafter referred to as ‘CSE’) and is registered w 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 INB030878338 . 1.2 The broker is  having  his  Registered Office at 1, R.N.Mukharjee Road, Calcutta-700 001. SEBI conducted inspection of books of accounts, documents and other records of t broker vide Order dated 21.12.2000 under section 19(1) of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for the period 01.04.1999  to  31.03.2000. 1.3 During the Inspection, irregularities such as default in maintaining the Order Book and Margin Deposit Book, anomalies in the form and issue of Contract Notes, delay in paym the clients, improper use of clients accounts and defects in client registration forms were observed. 2.0 APPOINTEMENT OF ENQUIRY OFFICER 2.1 Inspection Report was forwarded to the broker on completion of inspection. After considering his reply dated 11.04.2001 an Enquiry Officer was appointed vid

4.2 This order shall come into effect immediately. Place: Mumbai                                                                                               Madhukar Date: 27.12.2005                                                                                          Whole Time Member                                                                                                                          Securities and Exchange Board of India

officer conducted the enquiry in terms of SEBI (Procedure for Holding enquiry by enquiry officer and imposing penalty) Regulations, 2002 and the broker was given a fair and reasonable opportunity to make his submissions. 2.3 After considering the reply and the submissions made at the time of Personal hearing the Enquiry officer submitted his report dated 04.01.2005 finding that the said broker has committed violations of the SEBI (Stock Brokers and Sub- Brokers) Regulations, 1992 which are as under:

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Source: SecMarx — sebi:MO/34/MIRSD/12/2005. 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.