Financial liability to the regulator disqualifies members; detailed turnover based fee computation and conversion continuity clarified. The amendment adds disqualification where any financial liability to SEBI under the regulations is due and payable and revises Schedule fee rules: it prescribes fee computation rates and bases for jobbing transactions, government securities and similar units, carry forward/renewal/badla transactions (excluding reverse offsets), unreported broker transactions, and put throughs on other exchanges; excludes underwriting and deposit collection from turnover; substitutes wording to clarify periodic fee language; and treats conversion of individual or partnership membership into a corporate entity as continuation for fee purposes so no duplicate fee is charged.
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Financial liability to the regulator disqualifies members; detailed turnover based fee computation and conversion continuity clarified.
The amendment adds disqualification where any financial liability to SEBI under the regulations is due and payable and revises Schedule fee rules: it prescribes fee computation rates and bases for jobbing transactions, government securities and similar units, carry forward/renewal/badla transactions (excluding reverse offsets), unreported broker transactions, and put throughs on other exchanges; excludes underwriting and deposit collection from turnover; substitutes wording to clarify periodic fee language; and treats conversion of individual or partnership membership into a corporate entity as continuation for fee purposes so no duplicate fee is charged.
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