Failure to pay fees in the manner specified in Schedule III of the SEBI (Stock brokers and Sub-brokers) Rules and Regulations, 1992 read with Circular No. SMD/ Policy/ Cir-07/ 2002 dated March 28, 2002
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Broker fee payment obligation extended; non compliant brokers must pay full fees and interest by the revised deadline or face enforcement. Brokers in the cash segment who did not avail the 50% facility by March 31, 2003, and whose fee collection has not been stayed by any court, must pay the entire fees and interest due through the relevant financial year by December 31, 2003; failure to comply will result in enforcement action under the SEBI Act and the SEBI (Stock Brokers and Sub brokers) Regulations read with the SEBI enquiry and penalty procedure regulations.
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.
Broker fee payment obligation extended; non compliant brokers must pay full fees and interest by the revised deadline or face enforcement.
Brokers in the cash segment who did not avail the 50% facility by March 31, 2003, and whose fee collection has not been stayed by any court, must pay the entire fees and interest due through the relevant financial year by December 31, 2003; failure to comply will result in enforcement action under the SEBI Act and the SEBI (Stock Brokers and Sub brokers) Regulations read with the SEBI enquiry and penalty procedure regulations.
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