Securities Appellate Tribunal Quashes Rs 1.49 Crore Penalty on Ventura Securities
The Securities Appellate Tribunal annulled a ₹1.49 crore penalty imposed by MCX on Ventura Securities for alleged client violations. The tribunal found the order invalid as it was signed by a former committee member. It directed MCX to refund the fine along with an additional ₹1 lakh to cover Ventura Securities' legal expenses.
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