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Associates in relation to a stock broker

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Full Text of the Document

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....Directors, All Stock Exchanges Dear Sir, Sub : Associates in relation to a stock broker SEBI vide its circular no. SMD/POLICY/CIR-24/97 dated September 26, 1997 had, inter alia, stated that if associates of defaulter-broker are holding membership in other stock exchanges, then action, if any, required to be taken against such associate members, should be decided by the respective stock....