sebi:WTM/MSS/MIRSD/72/2010
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Facts / Headnote
Proceedings disposed of without imposing any penalty
Provisions invoked
- s. 19
Regulations
- Reg. 16(1)
- Reg. 33B
- Reg. 33A
Parties
- M. S. O. Annamalai (SEBI Regn. No. INB040136114)
Holding
The proceedings initiated against M. S. O. Annamalai for default in payment of registration fees were disposed of without imposing any penalty, since Annamalai had since paid the registration fees.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA, MUMBAI ORDER UNDER REGULATIONS 33A AND 33B OF THE SEBI (INTERMEDIARIES) REGULATIONS, 2008
IN THE MATTER OF SUMMARY PROCEEDINGS AGAINST THE STOCK BROKERS WHO DEFAULTED IN PAYMENT OF REGISTRATION FEES 1. Vide an Order dated August 11, 2005 under Regulation 16(1) of the extant SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, SEBI had appointed an Officer to conduct summary proceeding against M. S. O. Annamalai (SEBI Regn. No. INB040136114) (Annamalai), who had defaulted in the payment of registration fees as a stock broker. The Officer submitted the report recommending suspension of the certificate of registration for a period of six months or till such time outstanding registration fees is paid, whichever is later.
2. I have considered the recommendation of the Officer. I, however, note that Annamalai has since paid the registration fees as per Schedule III of the SEBI (Stock Brokers and Sub- Brokers) Regulations, 1992.
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Source: SecMarx — sebi:WTM/MSS/MIRSD/72/2010. 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.