Share India Securities Ltd. (Formerly FMS Securities Ltd.)

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal partly allowed; penalty of Rs 5 lakh under Section 15F(b) sustained
Penalty of Rs 5 lakh under Section 15HB deleted
Rectify paragraph 13 of order dated November 11, 2014: replace 'PIT Regulations' with 'Brokers Regulations' at two places

SAT-appeal

Broker settled Rishabh's BSE running account via sister concern M.G. Capital instead of prescribed direct payment mode and allowed Rishabh to trade for its clients on BSE without sub-broker registration with appellant.
Appeal partly allowed; penalty of Rs 5 lakh under Section 15F(b) sustained · Penalty of Rs 5 lakh under Section 15HB deleted
Appeal: Appeal No. 29 of 2014 decided on 11.11.2014 - partly allowed
SAT matter SATV-D66950330B0EC9EA27C3ABB3
Rectify paragraph 13 of order dated November 11, 2014: replace 'PIT Regulations' with 'Brokers Regulations' at two places · Praecipe filed by SEBI disposed off with no order as to costs
Appeal: Appeal No. 29 of 2014 - praecipe for rectification disposed off on 10.12.2014 with no order as to costs

Analyse these matters in Ontology · Plans

Source: SecMarx — Share India Securities Ltd. (Formerly FMS Securities 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.