Trading Members of the Exchange are hereby informed that pursuant to declaration of Action Financial Services (India) Ltd. as defaulter as well as expulsion by NSE vide their circular no. 12/2021 dated January 22, 2021 w.e.f. January 22, 2021, the Exchange has declared Action Financial Services (India) Ltd. (Clg. No. 444), a corporate Trading Member of the Exchange as Defaulter, in terms of the provisions of SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 dated March 17, 2010 and also Expelled the said Trading Member in compliance with the requirement of Circular No. F. No. 1/26/SE/91 dated August 12, 1991 issued by Ministry of Finance (Department of Economic Affairs), Government of India w.e.f. January 22, 2021.
As per the Exchange records, the Authorized Persons (mentioned in Annexure I) affiliated with the Trading Member Action Financial Services (India) Ltd. are not authorized henceforth to deal in that capacity and their registration stands withdrawn.
Trading Members and investors are advised to take note of the same.
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Broker Supervision, Membership Compliance, Membership Compliance and
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