Definition of stock broker as per sebi

Financial Daily from THE HINDU group of publications Saturday, October 13, The stockbroker may either be an individual or body corporate or firm.

Triumph Interna tional Finance India Ltd TIFIL may also get affected since Mr Ketan Parekh indirectly holds 15 per cent stake in it. The brokerages currently being probed by SEBI for market manipulations include former BSE president, Mr Anand Rathi's four firms, First Definition of stock broker as per sebi, Triumph Securities, Triumph International Finance IndiaR.

Damani, Rakesh Jhunjhunwala and others. In a circular dated September 26,SEBI had stated that if associates of defaulter-broker are holding membership employee stock options employer deduction other stock exchanges, then action, if any, required to be taken against such associate members, should be decided by the respective stock exchanges.

According to this explanation, a defaulter-broker on one exchange is also declared defaulter on other exchange where he may be a member.

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