sebi:WTMN/31/MIRSD/6/04
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Facts / Headnote
Cancellation of certificate of registration bearing No. INB 060715619 with immediate effect
Provisions invoked
- s. 19
Regulations
- Reg. 15
- Reg. 16(1)
- Reg. 16
- Reg. 27
- Reg. 13(1)
- Reg. 13(6)
- Reg. 25
- Reg. 16(5)
- Reg. 2
Parties
- M/s Vasu Associates
Holding
The certificate of registration No. INB 060715619 granted to M/s Vasu Associates, erstwhile member of Hyderabad Stock Exchange, is cancelled with immediate effect.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER [PDF FILE] Order under Regulation 16(5) and 13(1)(b) of the of Securities and Exchange Board of India (Procedure for holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 in the matter of enquiry against M/s Vasu Associates, erstwhile member of Hyderabad Stock Exchange and stock broker registered with SEBI.
1.0 M/s Vasu Associates (hereinafter referred to as "the said broker") was a member of Hyderabad Stock Exchange (hereinafter referred to as "HSE") and a stock broker registered with the Securities and Exchange Board of India (hereinafter referred to as "SEBI") under certificate of registration No. INB 060715619. 2.0 HSE, vide its letter dated 24.11.03, informed SEBI that the said broker was declared defaulter and was not readmitted to the Stock Exchange. 2.1 In view of the above, SEBI, vide order dated 10.03.04 appointed an Enquiry Officer under the Regulation 16(1) of SEBI (Procedure for holding Enquiry by Enquiry Officer and Imposing
3.1 Whether, the said broker has violated the conditions of registration. 3.1.1 I note that Rule 4 of the SEBI (Stock brokers and sub brokers) Rules, 1992 (hereinafter referred to as "the broker regulations") states that : "Conditions for grant of certificate to stock broker
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Source: SecMarx — sebi:WTMN/31/MIRSD/6/04. 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.