sebi:Order/AA/AR/2019-20/3796
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee IIFL for violation of Clause A(2) of the Code of Conduct for Stock Brokers
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
- s. 15I(1)
Regulations
- Reg. 7
- Reg. 9
- Reg. 2(h)
Parties
- IIFL Securities Ltd (earlier known as 'India Infoline Ltd')
Holding
IIFL violated Clause A(2) of the Code of Conduct for Stock Brokers by accepting orders in its client Ms. Vimala's trading account from her daughter Ms. Sapna Saraogi without obtaining proper written authorization, relying only on oral instructions. A penalty of Rs. 3,00,000 was imposed on IIFL under Section 15HB of the SEBI Act.
Full text
_________________________________________________________________ Adjudication Order in the matter of Saint-Gobain Sekurit India Ltd Page 2 of 17
_________________________________________________________________ Adjudication Order in the matter of Saint-Gobain Sekurit India Ltd Page 3 of 17
_________________________________________________________________ Adjudication Order in the matter of Saint-Gobain Sekurit India Ltd Page 4 of 17
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/AA/AR/2019-20/3796. 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.