sebi:WTM/SR/MIRSD/04/01/2015
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Facts / Headnote
Certificate of registration of the Noticee suspended till outstanding registration fees are fully paid
Provisions invoked
- s. 19
- s. 24
Regulations
- Reg. 27
- Reg. 10
- Reg. 33B
Parties
- Shanker Lal Agarwala (INB030052511)
- SLA Securities Ltd. (INB030878837)
Holding
The Whole Time Member held that the Noticee failed to pay registration fees due under Regulation 10 read with Schedule III of the Brokers Regulations, and accordingly suspended the certificate of registration of M/s SLA Securities Ltd. (INB030878837) till the outstanding registration fees are fully paid.
Full text
Page 2 of 10 Noticee. The fees liability as on date of initiation of summary proceedings was `3,06,390/- along with interest at the rate of 15% per annum.
Page 3 of 10 Noticee that copies of annexures of the enquiry report were not provided thus no opportunity was granted to verify the facts and submit reply.
Page 4 of 10 12. The Noticee was granted additional time to submit written arguments till September 22, 2014. In this regard, the Noticee vide letter dated September 20, 2014 submitted as under:
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Source: SecMarx — sebi:WTM/SR/MIRSD/04/01/2015. 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.