sebi:ORDER/NH/RJ/2024-25/30604
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Facts / Headnote
Penalty imposed on Noticee for violation of Rule 8(3)(f) of SCRR read with BSE Notice No. 20220107-45 dated January 07, 2022 read with Clause A(5) of the Code of Conduct for Stock Brokers specified under Regulation 9 of Brokers Regulations.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 23H
- s. 23J
- s. 23
- s. 12A
Regulations
- Reg. 9
Parties
- Federal Capital Markets Limited
Holding
The Noticee, Federal Capital Markets Limited, was held to have violated Rule 8(3)(f) of SCRR read with BSE Notice No. 20220107-45 dated January 07, 2022 read with Clause A(5) of the Code of Conduct for Stock Brokers specified under Regulation 9 of Brokers Regulations, by taking advances from clients of Rs. 1,56,996/- and giving advances to customers of Rs. 94,06,488/- during the inspection period. A total penalty of Rs. 3,00,000/- was imposed.
Full text
ADJUDICATION ORDER Ref. No. ORDER/NH/RJ/2024-25/30604 Adjudication Order in the matter of Federal Capital Markets Limited 2
ADJUDICATION ORDER Ref. No. ORDER/NH/RJ/2024-25/30604 Adjudication Order in the matter of Federal Capital Markets Limited 3
ADJUDICATION ORDER Ref. No. ORDER/NH/RJ/2024-25/30604 Adjudication Order in the matter of Federal Capital Markets Limited 4
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Source: SecMarx — sebi:ORDER/NH/RJ/2024-25/30604. 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.