sebi:WTM/GA/46/MIRSD/1/08

SEBI · SEBI · 2005-04-05 · G. ANANTHARAMAN, WHOLE TIME MEMBER

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Certificate of registration cancelled with immediate effect

Provisions invoked

• s. 19

Regulations

• Reg. 15
• Reg. 16(5)

Parties

• M/s Bluechip Capital Market Private Limited

Holding

The certificate of registration of sub-broker M/s Bluechip Capital Market Private Limited (Registration No. INS230408739) is cancelled with immediate effect.

Full text

Page 2 of 3 of the above, SEBI, vide order dated April 5, 2005 appointed an Officer to conduct summary procedure under the provisions of Chapter III read with regulation 15 (ca) of Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 (for short, Enquiry Regulations) to enquire into the alleged violations of the provisions of said Rules and the Regulations.

Page 3 of 3 certificate of registration continues. However, it failed to do so, as the certificate of registration of the stock broker (BPS) through which BCML was affiliated was cancelled by SEBI, vide order dated September 27, 2002.

1.3 The Officer thus appointed issued a notice dated January 10, 2006 to BCML to make its written submissions in respect of the said alleged violations. Though the said notice was acknowledged by BCML, it had failed to file any reply. As BCML failed to file the written submissions within the period specified in the said notice, the Officer, on the basis of the available materials on record, vide report dated February 21, 2006 recommended to cancel the certificate of registration of BCML.

Source: SecMarx — sebi:WTM/GA/46/MIRSD/1/08. 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.