Government Order G.O. Ms. No. 2923 of the Registration and Stamps Department, Government of Tamil Nadu dated 4th January, 2014 on the business of a stock broker [N13-RVZ]

G.O. Ms. No. 2923

GOVERNMENT OF TAMIL NADU

Registration and Stamps Department, Government of Tamil Nadu

Chennai, dated the 4th January, 2014

GOVERNMENT ORDER

Subject: The business of a stock broker by stock brokers under the Tamil Nadu Protection of Interests of Depositors Act, 1997, regarding.

1. In the circumstances reported by the adjudicating officer, the Government of Tamil Nadu, after careful examination, hereby orders that every stock broker carrying on the business of a stock broker shall furnish Form B to the Securities Appellate Tribunal within thirty days.

2. The matter has been examined. Every stock broker carrying on the business of a stock broker shall make an application in Form B to the Securities Appellate Tribunal within thirty days, accompanied by a fee of twenty-five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of a stock broker is undertaken, and the Securities Appellate Tribunal shall dispose of it within thirty days of its receipt.

4. Difficulties, if any, in the implementation of this government order may be brought to the notice of the Registration and Stamps Department, Government of Tamil Nadu.

(Secretary to Government)