June 10, 2011
PR
No. 086/2011
Consent Order on the application submitted by M/s. Reliance Securities
Limited
A Panel consisting of Whole Time Members, SEBI, Dr. K.M. Abraham and Shri
Prashant Saran has passed a consent order dated June 09, 2011 in the matter of
inspection of M/s. Reliance Securities Limited (RSL) in accordance with SEBI
Circular dated April 20, 2007 for consent orders. The applicant has remitted a
sum of ` 25,00,000/- (Rupees Twenty Five Lakh only) towards settlement charges
in the matter. Further, as per the terms of settlement (a) RSL will not register
new clients for a period of 45 days, effective after 7 days from the date of
receipt of the order and (b) RSL will spend a sum of ` 1 crore on investor
education and awareness programme and on development of materials focusing on
making investors more aware of their rights in connection with internet based
trading in securities market, within a period of six months from the date of
receipt of the order.
Mumbai
June 10, 2011
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For full copy of order against RELIANCE SECURITIES LTD., click here.
For full copy of order against RELIANCE SECURITIES LTD., click here.
For full copy of order against RELIANCE SECURITIES LTD., click here.
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