sebi:WTM/MSS/MIRSD/101/2011
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 of M/s. C. R. Jain & Co. suspended until outstanding registration fees are paid in full
Provisions invoked
- s. 19
- s. 12(1)
- s. 12
Regulations
- Reg. 27
- Reg. 12(1)
- Reg. 6A
- Reg. 10(1)
- Reg. 10(2)
- Reg. 33B
Parties
- M/s. C. R. Jain & Co.
Holding
The registration fee liability of the noticee must be computed with reference to the date of registration with SEBI (May 13, 1997), not the date of admission as a member of the Delhi Stock Exchange (April 24, 1990), and the noticee's certificate of registration is suspended until outstanding fees are paid in full.
Full text
Page 2 of 4 the prescribed format. Vide letter dated March 21, 1997, DSE followed up with SEBI that though more than 3 years had passed, the noticee had not yet received registration. SEBI granted registration on May 13, 1997.
Page 3 of 4 corresponding previous years’ turnover. Since the noticee was carrying on the stock broking business in 1991-92, it would pay turnover based fee for five years from 1992-93 onwards.
Page 4 of 4 12. I, therefore, in exercise of the powers conferred upon me under section 19 of the SEBI Act, 1992 read with regulation 33B (5) of the SEBI (Intermediaries) Regulations, 2008, hereby suspend the certificate of registration of M/s. C. R. Jain & Co. (SEBI Regn. No. INB050963310) till the time outstanding registration fees is paid in full.
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Source: SecMarx — sebi:WTM/MSS/MIRSD/101/2011. 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.