sebi:WTM/MSS/MIRSD/12/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Proceedings initiated vide Order dated August 11, 2005 against the 38 stock brokers disposed of; proceedings dropped.
Provisions invoked
- s. 19
Regulations
- Reg. 33B
Parties
- S. Srinivasan
- Niche Brokerage Pvt. Ltd.
- Shri Parasram Holdings Private Limited
- Sino Credits & Leasing Limited
- Subuthi Finance Private Limited
- Suryakant Devji Nissar
- Swastik Business Consul Private Limited
- Sugansons Trading Private Limited
- Capt. Sanjay Dewan
- Deepak Kumar
- Garg Equity Traders Pvt. Ltd.
Holding
The proceedings initiated on August 11, 2005 against 38 stock brokers for non-payment of registration fees are disposed of and dropped, as the brokers subsequently paid the registration fees as per Schedule III of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992.
Full text
Sl. No. Name of the Stock Broker Regn. No. Stock Exchange 28 S. Srinivasan INB040130511 Madras 29 Niche Brokerage Pvt. Ltd. INB231079436 NSEIL 30 Shri Parasram Holdings Private Limited INB200863435 OTCEI 31 Sino Credits & Leasing Limited INB200901231 OTCEI 32 Subuthi Finance Private Limited INB200584434 OTCEI 33 Suryakant Devji Nissar INB200026218 OTCEI 34 Swastik Business Consul Private Limited INB200584531 OTCEI 35 Sugansons Trading Private Limited INB200896931 OTCEI 36 Capt. Sanjay Dewan INB100831312 Uttar Pradesh 37 Deepak Kumar INB100943819 Uttar Pradesh 38 Garg Equity Traders Pvt. Ltd. INB101081439 Uttar Pradesh
2. The said Officers have submitted their reports in respect of the aforesaid 38 stock brokers recommending that the proceedings against them may be dropped as they have subsequently paid the registration fees as per Schedule III of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992.
3. I have considered the recommendations of the Officers and agree with the same. 4. I note that the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 have since been repealed and replaced by the SEBI (Intermediaries) Regulations, 2008.
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Source: SecMarx — sebi:WTM/MSS/MIRSD/12/2009. 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.