https://www.taxtmi.com/caselaws?id=464616 Claims for compensation from the Investor Protection Fund were found inadmissible where broker records and a forensic audit showed that the claimants had received assured returns under Derivatives Advisory Services. The contract notes produced by the claimants did not correlate with the payments reflected in the disputed orders and did not explain the credited amounts as ordinary exchange-traded payouts. As the claimants did not deny receipt of the amounts and failed to link them to valid contract notes, the receipts were treated as consistent with an impermissible assured-return scheme. Rejection of compensation was therefore upheld because such DAS arrangements were contrary to the governing exchange rules and bye-laws. en-us Mon, 15 May 2023 00:00:00 +0530 Thu, 06 Nov 2025 12:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464616 Claims for compensation from the Investor Protection Fund were found inadmissible where broker records and a forensic audit showed that the claimants had received assured returns under Derivatives Advisory Services. The contract notes produced by the claimants did not correlate with the payments reflected in the disputed orders and did not explain the credited amounts as ordinary exchange-traded payouts. As the claimants did not deny receipt of the amounts and failed to link them to valid contract notes, the receipts were treated as consistent with an impermissible assured-return scheme. Rejection of compensation was therefore upheld because such DAS arrangements were contrary to the governing exchange rules and bye-laws. Case-Laws SEBI Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464616