Appeal No. 409 of 2004
Date of Decision
29.06.2006
Sanmitra Securities P. Ltd.
Versus
Securities & Exchange Board of India
None for the appellant
Shri Dipan Merchant, Sr. Advocate with Shri V N Shingnapurkar, Advocate for respondent.
CORAM:
Justice N K Sodhi, Presiding Officer
Shri C. Bhattacharya, Member
Shri R. N. Bhardwaj, Member
Per : Justice N K Sodhi, Presiding Officer
No one has appeared on behalf of the appellant.
The learned Senior Counsel appearing for the Board informs us that the dispute herein pertains to the claim made by the appellant in regard to fee continuity in terms of paragraph 4 of Schedule III to the Securities and Exchange Board of India (Stock Brokers and Sub Brokers) Regulations, 1992. He fairly concedes that the dispute herein is squarely covered in favour of the appellant and against the respondent Board by our order dated 9th May, 2006 passed in Appeal no.123/2004, Alliance Finstock Ltd. And another versus Securities and Exchange Board of India and another.
In view of the statement made on behalf of the Board, we dispose of this appeal in the same terms on which Alliance Finstock P. Ltd.’s case was decided. The Board will issue notice to the appellant to redetermine its registration fee liability in accordance with law.
Sd/-Justice N.K. SodhiPresiding OfficerSd/-R.N.BhardwajMember