Failure to pay fees in the manner specified in Schedule III of the SEBI (Stock brokers and Sub-brokers) Rules and Regulations, 1992 read with Circular No. SMD/ Policy/ Cir-07/ 2002 dated March 28, 2002

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..... or/Managing Director All Stock Exchanges Dear Sir/ Madam, Sub: Failure to pay fees in the manner specified in Schedule III of the SEBI (Stock brokers and Sub-brokers) Rules and Regulations, 1992 read with Circular No. SMD/ Policy/ Cir-07/ 2002 dated March 28, 2002 In terms of Rule 4 (d) of the SEBI (Stock brokers and Sub-brokers) Rules, 1992, the certificate of registration to a stock broker i .....

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..... gistration has been granted, shall be liable to action in the manner provided under the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002. Vide Circular No. SMD/Policy/Cir-07/2002 dated March 28, 2002, SEBI had provided a facility to all brokers who did not pay fees, that they should pay at least 50% of the principal due in the cash market and give an .....

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