Associates in relation to a stock broker

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..... iates 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 exchanges after examining the relevant facts. The associates .....

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