WebNov 18, 2024 · Sebi tweaks ‘fit and proper person’ rule The principle-based criteria include integrity, honesty, ethical behaviour, reputation, fairness, and character. Further, … Webdisqualification failing which the ‘fit and proper person criteria’ shall be invoked against the intermediary; 4.1.5.4 In case any promoter or person as referred in sub-paragraph 2) of paragraph 4.1.4 fails to satisfy the fit and proper person criteria, in such case, the intermediary shall ensure that the said promoter or
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WebApr 10, 2024 · "I hold that the Noticee does not satisfy the 'fit and proper person' criteria for holding the certificate of registration as a broker in the securities market and hence, the continuance of the Noticee as a broker will be detrimental to the interest of the securities market," Sebi's Executive Director Pramod Rao said in the order. Sebi has asked the … WebFor the purpose of determining as to whether an applicant or the intermediary is a ‘fit and proper person’ the Board may take account of any consideration as it deems … pcyc wellington street
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WebApr 11, 2024 · Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of Joindre Commodities Ltd for their involvement in the trade of paired contracts on the National Stock Exchange Ltd (NSEL) platform. The market regulator also termed the brokerage as not 'fit & proper' to remain in the business. WebJan 7, 2024 · The Intermediaries Regulations place wide discretionary powers in the hands of SEBI to determine the fitness and propriety of the intermediary based on any factor as … WebFit and proper criteria for directors of nationalised banks-RBI Reserve Bank of India RBI/2007-08/178DBOD. No. BC.No.47/29.39.001/2007-08 November 1, 2007 The Chairman & Managing Director of all Nationalised Banks. Dear Sir / Madam, Fit and proper criteria for elected directorson the boards of nationalised banks It has been decided … pcyc young offenders