sebi:Order/BD/VS/2019-20/6315
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Facts / Headnote
Penalty of Rs. 5,00,000 imposed under Section 15HB of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Parties
- M/s India Advantage Securities Limited
Holding
The Noticee violated SEBI Circular MIRSD/SE/Cir-19/2009 dated December 03, 2009 by failing to carry out mandatory running account settlement of clients' funds and securities. A monetary penalty of Rs. 5,00,000 is imposed on the Noticee under Section 15HB of the SEBI Act, 1992.
Full text
_____________________________________________________________________________________ Adjudication Order in respect of M/s India Advantage Securities Limited Page 2 of 26
_____________________________________________________________________________________ Adjudication Order in respect of M/s India Advantage Securities Limited Page 3 of 26
_____________________________________________________________________________________ Adjudication Order in respect of M/s India Advantage Securities Limited Page 4 of 26
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Source: SecMarx — sebi:Order/BD/VS/2019-20/6315. 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.