Written authorisation necessary to allow a third person to trade on behalf of client of broker

SECURITIES APPELLATE TRIBUNAL MUMBAI India Infoline Securities Ltd. Versus Securities and Exchange Board of India APPEAL NO. 58 OF 2012 OCTOBER 1, 2012 ORDER S.S.N. Moorthy, Member The appellant is a public limited company incorporated under the Companies Act, 1956. It is a corporate member of the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) and is registered with the Securities and Exchange Board of India (for short the Board) as a stock broker. The present appeal arises out of an order passed by the adjudicating officer of the Board ...