Membership eligibility: citizenship, solvency, and integrity limits; experience and entity conditions required for admission. Membership eligibility disqualifies persons under twenty-one, non citizens (subject to SEBI approved relaxation), bankrupts, insolvents, those convicted of fraud, expelled or recently refused applicants, and persons engaged in non securities business unless limited to broker/agent roles or severed; investments are not business unless involving client funds, client securities or creating broker financial liabilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Membership eligibility: citizenship, solvency, and integrity limits; experience and entity conditions required for admission.
Membership eligibility disqualifies persons under twenty-one, non citizens (subject to SEBI approved relaxation), bankrupts, insolvents, those convicted of fraud, expelled or recently refused applicants, and persons engaged in non securities business unless limited to broker/agent roles or severed; investments are not business unless involving client funds, client securities or creating broker financial liabilities.
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