Financial Service Provider

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... SHAH (SUSPENDED DIRECTOR OF SIMANDHAR BROKING LTD.)- [ 2023 (9) TMI 527 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI] 33. The SEBI is Financial Sector Regulator. The Stock Brokers and Sub- Brokers under the SEBI (Stock-Brokers and Sub-Brokers) Regulations, 1992 are required to be compulsorily registered under Section 3. Regulation contains details of obligation and resp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nancial institution is a financial service provider and do not come within the meaning of Corporate Person/ Corporate Debtor. 39. Section 5(8)(g), which has been relied by the Adjudicating Authority cannot be read dehors from other definitions given in Section 5(7) and 5(8). Section 5(8)(g), on which Adjudicating Authority relied is as follows: 5(8)(g). any derivative transaction entered into in c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X