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Brief
On November 29, 2024, the Securities and Exchange Board of India issued an update regarding Adjudication Order in the matter of Master Capital Services Limited. The order imposed a penalty of Rs. 7,00,000 on Master Capital Services Limited for violating Regulations 9(b) and (f) and Regulation 26(xix) of Broker Regulations, Clauses A(1), A(2) and A(5) of Schedule II of Broker Regulations, and NSE Circulars dated August 29, 2002 and June 02, 2023.
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