HRIM Finance and Securities Private Limited

SAT-appeal

• Multiple broker compliance violations, including wrong and false margin reporting, excess brokerage, non-issuance of contract notes and margin statements, improper client-bank-account use, non-release of client funds and securities, and defective client documentation.
  Wrong-reporting penalty reduced from Rs. 15 lakh to Rs. 1 lakh on proportionality grounds. · Other DAC penalties and findings substantially upheld.
  Appeal: Appeal No. 73 of 2017 decided by SAT on 6 August 2019; earlier Appeal No. 412 of 2014 was withdrawn with liberty to file afresh.
• SAT matter SATV-1B55B799C0CA480D3DB0BD7E
  Appeal and connected miscellaneous applications permitted to be withdrawn · Liberty granted to file a fresh appeal with additional grounds and documents, if deemed fit
  Appeal: Appeal No. 412 of 2014 withdrawn on 7 February 2017 with liberty to file a fresh appeal; disposed of along with Misc. Application Nos. 185 of 2014 and 256 of 2015
• Charging clients excessive late pay-in charges and penalty and not paying credit balances in client accounts with ulterior motive.
  Appeal disposed of at admission stage with no interference in interim measure · NSE to grant personal hearing expeditiously
  Appeal: Appeal No. 119 of 2012 disposed of on 01.06.2012 at admission stage with no order as to costs