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Plea In HC Challenges SEBI circulars mandating collection of upfront margin

Gujarat HC has issued a notice in plea challenging Constitutionality of circulars issued by SEBI, which require Trading Members to ensure collection of an upfront margin from investors/clients before making trades. The petitioner contends that circulars impose arbitrary penalties, is impractical and excessive considering its purported motive to prevent misuse of client/ investor securities by Trading Member or broker.

Source: Bar and Bench

Link: https://www.barandbench.com/news/litigation/plea-gujarat-high-court-sebi-circulars-collection-of-upfront-margin-from-investors-by-trading-members

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