9911796707
TMI Blog2019 (12) TMI 190X X X X Extracts X X X X X X X X Extracts X X X X ..... and also prevented the appellant from using the power of attorney given by its clients - HELD THAT:- Since a clarification has been sought by the appellant we deem it fit and proper that the WTM should look into this aspect and pass appropriate order after giving an opportunity of hearing to the appellant. We accordingly dispose of this appeal at this stage with a direction to the WTM to con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned counsel for the parties. Based on a preliminary report dated November 22, 2019 given by National Stock Exchange of India Limited, the Whole Time Member ( WTM for convenience) issued an ex-parte ad interim order dated November 22, 2019 restraining the appellant from taking new clients in respect of its stock broking activities and also prevented the appellant from using the power of attorney ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... G LTD (BSE) with immediate effect. The transfer of securities from DP account no. 11458979, named KARVY STOCK BROKING LTD (BSE) shall be permitted only to the respective beneficial owner who has paid in full against these securities, under supervision of NSE; and (v) The Depositories and Stock Exchanges shall initiate appropriate disciplinary regulatory proceedings against the Noticee fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d letters dated November 24, 2019, November 25 and November 26, 2019 seeking certain clarifications. Since no response came forward from the respondent the appeal was filed for this limited purpose. 4. It was contended that direction no. (ii) restrains the appellant from not acting upon the instructions given to it by its clients pursuant to the power of attorney. Direction no. (ii) has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the WTM should look into this aspect and pass appropriate order after giving an opportunity of hearing to the appellant. 7. We accordingly dispose of this appeal at this stage with a direction to the WTM to consider the request of the appellant which has been made vide letters dated November 24, 25 and 26, 2019 and pass an appropriate order after giving an opportunity of hearing by ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
