Pro Fin Capital Services Ltd.
Penalties and directions recorded
- OTCEI was required to refund the ₹20 lakh paid by the appellant as membership advance.
- If BSE fails to pass order by April 13, 2016, suspension pursuant to March 28, 2016 notice ends automatically
SAT-appeal
- Dispute over alleged OTCEI membership, retention of ₹20 lakh paid toward membership, and expulsion from OTCEI membership; no securities-law UPSI charge.Appeal allowed on the issues decided in the order extract. · OTCEI was required to refund the ₹20 lakh paid by the appellant as membership advance.Appeal: Appeal No. 380 of 2014 decided by SAT on 10 May 2016; order reserved on 3 May 2016.
- Failure to furnish requisite auditor's certificate as required by BSE notice dated March 4, 2016 despite two notices, leading to trading suspension.BSE to consider documents furnished by appellant and pass appropriate order by April 13, 2016 · If BSE fails to pass order by April 13, 2016, suspension pursuant to March 28, 2016 notice ends automaticallyAppeal: Appeal No. 78 of 2016 disposed of on 07.04.2016 with no order as to costs
Source: SecMarx — Pro Fin Capital Services Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.