https://www.taxtmi.com/circulars?id=61362 SEBI defines 'associate' of a stock broker to include persons who directly or indirectly exercise control over the broker or are controlled by the broker, persons holding a substantial shareholding in the broker, and persons whose director or partner is also a director or partner of the broker; the term 'control' is to be read as per clause (c) of Regulation 2 of the relevant substantial acquisition and takeovers regulation, and member exchanges are to decide any action against such associates after examining relevant facts. en-us Mon, 17 Sep 2001 00:00:00 +0530 Wed, 05 Jun 2019 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61362 SEBI defines 'associate' of a stock broker to include persons who directly or indirectly exercise control over the broker or are controlled by the broker, persons holding a substantial shareholding in the broker, and persons whose director or partner is also a director or partner of the broker; the term 'control' is to be read as per clause (c) of Regulation 2 of the relevant substantial acquisition and takeovers regulation, and member exchanges are to decide any action against such associates after examining relevant facts. Circulars SEBI Mon, 17 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61362