sebi:Order/AA/AR/2020-21/8024
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Facts / Headnote
Violations established against the noticee under multiple provisions; monetary penalty imposed under sections 15C and 15HB of the SEBI Act and section 23H of the SCRA
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
- s. 23J
- s. 15C
- s. 23
- s. 23H
- s. 23D
Regulations
- Reg. 7
- Reg. 9(f)
- Reg. 7(B)(2)
Parties
- Shriram Insight Share Brokers Ltd
Holding
The Adjudicating Officer held that Shriram Insight Share Brokers Ltd violated multiple provisions of the SEBI Act, SCRA, SEBI Circulars, NSE Circulars, SCR Rules, and the Code of Conduct for stock brokers, and imposed monetary penalty under sections 15C and 15HB of the SEBI Act and section 23H of the SCRA. However, the noticee was exonerated on the allegation regarding deficiency in Electronic Contract Notes (ECN) Authorization.
Full text
_______________________________________________________________________ Adjudication Order in the matter of Shriram Insight Share Brokers Ltd Page 2 of 30
_______________________________________________________________________ Adjudication Order in the matter of Shriram Insight Share Brokers Ltd Page 3 of 30
_______________________________________________________________________ Adjudication Order in the matter of Shriram Insight Share Brokers Ltd Page 4 of 30
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Source: SecMarx — sebi:Order/AA/AR/2020-21/8024. 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.