sebi:WTM/MSS/MIRSD/70/2010
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Facts / Headnote
Certificates of registration of two stock brokers suspended till outstanding registration fees are fully paid
Provisions invoked
- s. 19
Regulations
- Reg. 10(2)
- Reg. 27
- Reg. 33B
Holding
The Whole Time Member suspended the certificates of registration of two stock brokers until their outstanding registration fees are fully paid, for failure to fulfil the conditions of registration.
Full text
Page 2 of 2 no more fulfil the condition of registration and they are, therefore, liable for the action under Regulation 10(2) read with Regulation 27(vii).
5. 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that the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 have since been repealed and replaced by the SEBI (Intermediaries) Regulations, 2008. 6. 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 suspend the certificates of registration of these two stock brokers till the time the outstanding registration fees is fully paid.
7. A copy of this Order shall be served on the respective Stock Exchanges of which these two stock brokers are members for necessary action.
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Source: SecMarx — sebi:WTM/MSS/MIRSD/70/2010. 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.