I can’t even perceive if that is even authorized. Appears like NSE has turned this penalty factor into simply one other profitable income stream.
If they’re imposing a penalty, how can they not present proof that the penalty being imposed is certainly appropriate and legit?
It’s just like the Purple Mild Cameras routinely producing a effective on you for over-speeding, however while you ask them present proof that I used to be certainly over-speeding, they inform ‘we will’t present you the proof, you simply need to imagine us’.
They inform, ‘see right here is the bill for the GST we paid to the Authorities on the penalty quantity, so u need to imagine us, now pay the effective and shut up’ . Certainly, right here the dealer doesn’t even need to ask us to pay the effective, they will simply take it away from our account with out even notifying us as a result of hey the Dealer is an trustworthy man and the Trade is an trustworthy man they usually can’t be improper, it’s all the time the hapless investor who have to be improper. So effective the shit out of him.
Actually ready for somebody to file a grievance to SEBI on their SCORES portal.