sebi:WTM/MSS/MIRSD/48/2010
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Facts / Headnote
Proceedings initiated vide Order dated August 11, 2005 against two stock brokers disposed of
Provisions invoked
- s. 19
Regulations
- Reg. 33B
Holding
The proceedings initiated vide Order dated August 11, 2005 against the two stock brokers who were members of UPSE are disposed of. The disposal is without prejudice to SEBI's right to recover outstanding fees from them.
Full text
5. I, therefore, in exercise of the powers conferred upon me under Section 19 of the SEBI Act, 1992 read with Regulation 33B (5) and (6) of the SEBI (Intermediaries) Regulations, 2008, hereby dispose of the proceedings initiated vide Order dated August 11, 2005 against the said two stock brokers. This is without prejudice to SEBI’s right to recover the fees outstanding against them.
6. A copy of this Order shall be served on UPSE of which the said two stock brokers were members. 7. This Order shall come into force with immediate effect.
DATE: APRIL 16, 2010 M. S. SAHOO PLACE: MUMBAI WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA
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Source: SecMarx — sebi:WTM/MSS/MIRSD/48/2010. 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.