sebi:MO/41/MIRSD/12/2005

SEBI · SEBI · 2003-03-24 · Whole Time Member, Securities and Exchange Board of India

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Facts / Headnote

Warning

Provisions invoked

• s. 19
• s. 12
• s. 19(1)

Regulations

• Reg. 13(4)
• Reg. 5(1)
• Reg. 13(2)
• Reg. 6

Parties

• M/s A.A.DOSHI SHARE AND STOCK BROKERS LIMITED

Holding

M/s A.A.Doshi Share and Stock Brokers Ltd 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 A.A.DOSHI SHARE AND STOCK BROKERS LIMITED., MEMBER MUMBAI STOCK EXCHANGE, SEBI REGISTRATION NO. INB010639634 UNDER REGULATION 13(4) OF SEBI (PROCEDURE FOR HOLDING ENQUIRY BY ENQUIRY OFFICER AND IMPOSING PENALTY) REGULATIONS, 2002. 1.0   BACK GROUND 1.1  M/s A A Doshi Share and Stock Brokers Ltd (hereinafter referred to as the ‘broker’) is a member of the Mumbai  Stock Exchange (hereinafter referred to as ‘BSE’) and is reg 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 INB01063 1.2  The broker is  having  its Registered Office at PG-5, Rotunda Building Ground Floor, Fort, Mumbai-400 023. SEBI conducted inspection of books of accounts, documents an records of the said broker vide Order dated 24.03.2003 under section 19(1) of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for the period 01.04.2 31.03.2003. 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 d absence of date of acknowledgment of contract notes, and manning of the broker’s terminal by client, dealing with sub-brokers before registration etc were observed. 2.0 APPOINTEMENT OF ENQUIRY OFFICER 2.1 Inspection Report was forwarded to the broker on completion of inspection. Aft

3.8 In view of the above, I am of the view that it would meet the ends of justice if a warning is given to the broker. 4.0        ORDER 4.1 Having regard to the gravity of the charges established, the mitigating factors as explained, I, in exercise of powers conferred upon me in terms of Section 19 of SEBI Act, 199 with Regulation 13(4) of the said Regulations, warn M/s A.A.Doshi Shares & Stock Brokers Ltd (INB010639634), member Mumbai Stock Exchange and direct him to b cautious in future in its dealings with securities and to adhere to the provisions of SEBI Act, 1992 and the Rules and Regulations made thereunder. Any future lapse on its part in complying with the said provisions would invite stringent action. 4.2 This order shall come into force with immediate effect. Place: Mumbai                                                                                                Madhukar Date: 28.12.2005                                                                                          Whole Time Member                                                                                                                           Securities and Exchange Board of India

2.3 After considering the reply and the submissions made at the time of Personal hearing the Enquiry officer submitted his report dated 29.10.2004 finding that the said broker has committed violations of the SEBI (Stock Brokers and Sub- Brokers) Regulations, 1992 which are as under:

Source: SecMarx — sebi:MO/41/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.