Supreme Court Dismisses Corporate Stock Broker's Appeal for Fee Exemption Under SEBI Regulations Due to Non-Compliance with Conversion Conditions. The court upheld that fee continuity benefits under Para 4 of Schedule III to SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 require the erstwhile individual to be a whole-time director holding 40% shares, which was not satisfied in this transfer of membership card.
20 Mar 2023The appeal arose from a dispute under the Securities and Exchange Board of India Act, 1992, concerning fee exemption for a corporate stock broker. Sri...
