Section 23 of SCRA : Section 23: Penalties

SCRA

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Explanation using Example

Imagine a scenario where Mr. Sharma operates a small brokerage firm without being a licensed dealer in securities. He advertises his services through social media, claiming he can facilitate trades on par with recognized stock exchanges. He also sets up a private office where he invites clients to discuss and enter into securities contracts.

One day, the Securities and Exchange Board of India (SEBI) conducts an investigation and finds that Mr. Sharma is not a licensed dealer under Section 17 of...

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