Adroit Financial Services (P.) Ltd. v. Securities and Exchange Board of India (SAT)

SECURITIES APPELLATE TRIBUNAL, MUMBAI Adroit Financial Services (P.) Ltd. v/s. Securities and Exchange Board of India APPEAL NO. 48 OF 2012 JUNE 13, 2012 JUDGMENT S.S.N. Moorthy, Member – The appellant is a stock broker registered with the Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. In the present appeal, the appellant challenges imposition of a penalty of Rs. 1 lac by the adjudicating officer of Securities and Exchange Board of India (for short the Board). The penalty was imposed under section 15HB of the Securities and Exchange Board of India ...