Appellant-brokers rightly barred from accessing securities market for 10 yrs for misusing clients securities: SAT

COMPANY LAW/SEBI : Where appellants had misused client securities without consent of clients, transferred securities in their own demat account and, thereafter used funds for various purposes of financing group companies through inter-corporate deposits, fixed deposits, generating income much in excess than permitted, SEBI had rightly prohibited them from accessing securities market, in any manner, for a period of 10 yearsCOMPANY LAW/SEBI : Where appellants had misused client securities without consent of clients, transferred securities in their own demat account and, thereafter used funds for various purposes of financing group companies through inter-corporate deposits, fixed deposits, generating income much in excess than permitted, SEBI had rightly prohibited them from accessing securities market, in any manner, for a period of 10 yearswww.taxmann.com Latest Case LawsRead More

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