Registration conditions require stock brokers to maintain exchange membership, follow exchange rules and address investor complaints promptly. Registration of a stock broker is subject to conditions including membership of a stock exchange, compliance with the exchange's rules and bye-laws, prior regulatory approval for change of status or constitution before continuing to act, payment of regulatory fees in the prescribed manner, and taking adequate steps to redress investor grievances within one month while keeping the regulator informed of complaint particulars; the prior-approval requirement does not remove any separate obligation to obtain fresh registration where applicable.
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.
Registration conditions require stock brokers to maintain exchange membership, follow exchange rules and address investor complaints promptly.
Registration of a stock broker is subject to conditions including membership of a stock exchange, compliance with the exchange's rules and bye-laws, prior regulatory approval for change of status or constitution before continuing to act, payment of regulatory fees in the prescribed manner, and taking adequate steps to redress investor grievances within one month while keeping the regulator informed of complaint particulars; the prior-approval requirement does not remove any separate obligation to obtain fresh registration where applicable.
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