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GHORY'S SECURITIES (PRIVATE) LIMITED versus

Failure to maintain order register Rule 4 (1) of R4 (1) Brokers and Agents Registration Rules, 2001, R8 Securities and Exchange Rules, 1971, provided that all securities purchased or sold Orders that members may receive, be entered in chronological order; a register must be maintained by a form showing the name and address of the person who purchased, or sold, the order, name and number of the securities sold. The nature and extent of the transaction, if any inquiry by the inquiry officer revealed that the company had registered during the review period. If the order was not maintained, the company said that due to operational difficulties it was not possible to maintain the order register and the computerized order book was retained. As mentioned by the Company, a solution order book, Securities and Exchange Rules, was not an alternative to the Order Register required under R4 (1) of the Securities and Exchange Commission of 1971, however it was cognizant of the maintenance of the NTM register. Rather than taking precautionary action against the company, keeping the matter manually out of the associated practical difficulties, one precaution would be enough for the company to be instructed to ensure that all restrictions are in compliance with all rules and regulations. Adheres to Avoid any punitive action under the law in the future online advocate from Head Marala lawyer