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Suspension of appellant’s license was to revoked when appellant didn’t indulge in proprietary trades

July 28, 2020[2020] 117 taxmann.com 872 (SAT - Mumbai)
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COMPANY LAW/SEBI : Where appellant had not indulged in proprietary trades, however, was grossly negligent and allowed fraudulent transactions to be carried out by its client and thereby aided commission of fraudulent and manipulative trades, order of SEBI directing suspension of license of appellant for a period of three months was to be set aside

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