sebi:WTM/GM/MIRSD-1/05/2021-22
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; AO order findings set aside as erroneous
Provisions invoked
- s. 23
- s. 23D
Parties
- Samco Securities Limited
Holding
The AO Order dated May 29, 2020 was set aside as erroneous to the extent it was not in the interests of the securities market, and a monetary penalty of Rs.2,00,000 was imposed upon Samco Securities Limited under Section 23D of the SCRA for violation of the provisions of the Circular dated November 18, 1993 prohibiting misutilisation of client funds.
Full text
__________________________________________________________________________________ Order in respect of Samco Securities Limited Page 2 of 23
__________________________________________________________________________________ Order in respect of Samco Securities Limited Page 3 of 23
__________________________________________________________________________________ Order in respect of Samco Securities Limited Page 4 of 23
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:WTM/GM/MIRSD-1/05/2021-22. 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.