 Ref. No.: 0660/2005/CP/MDD/0291 March 15, 2005 Dear Member / Dealer Sub:
Broker-wise Outstanding Fee Liability Statements under
Section III of the SEBI (Stock Brokers and Sub- brokers)
regulations 1992. SEBI Vide their letter MIRSD/Fee
Cell/AK/35937/2005 dated March14, 2005 intimated the
Exchange as follows: Quote: The SEBI
(Interest Liability Regularisation) Scheme, 2004 stated that
after the expiry of the Scheme, a broker having outstanding
registration fee liabilities shall be liable to pay the
entire outstanding amount including interest, as per the
Regulations and shall also be liable for appropriate
enforcement action as permissible under the Act and the
Regulations framed there under. Accordingly, the brokers are
being advised through a public notice to pay entire
registration fee due along with the interest thereon on or
before 31.03.2005 failing which summary proceedings under
Chapter III of SEBI (Procedure for Holding Enquiry by
Enquiry Officer and Imposing penalty) Regulations, 2002
shall be initiated against them and without prejudice to
other enforcement actions, their trading terminals shall be
deactivated. The fee
liability statements of brokers who have any fee liability
towards SEBI on account of either principal and / or
interest on account of his own account and / or on account
of the erstwhile brokers are attached. You are requested to
forward these statements to the brokers concerned
immediately with an advice to pay the dues in full on or
before 31.03.2005. If a broker pays his dues in full by 31st
March 2005, the action proposed above shall not be taken
against him. If any
broker on receipt of the outstanding fee liability statement
takes a plea that his case is covered by any interim order
from any court/tribunal etc., he may be advised to provide a
copy of the interim order to SEBI. Unquote; In view of
the above, you are requested to comply with above quoted
SEBI letter. Thanking
you, Yours
faithfully, Authorised Signatory
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