irregularities of Pune Branch of UTISL resulting in loss to
its customer / sub-broker on account of unauthorised purchase and
sale of securities ... Pune Branch of UTISL, there were losses to
the customers sub-brokers, etc., which was quantified at ` 10.14 crore
by an independent agency
become amply
clear that in these types of activities: brokers are only
concerned with their commission on the value of
transactions. Now the question comes ... case
that the customers do not come directly to him and they
come through a sub- broker who also charges a
particular share of commission
incurred on forward
brokering trade settlement. The assessee explained that the company is into distribution of
gold coins to retail customers and to cover ... mark to market position and is accounted under
the head Forward brokering Trade settlement. For this issue of hedging, it was explained
that there
become amply clear that in these types of
activities, brokers are only concerned with their commission on the
value of transactions. Now the question comes ... case that the customers do not come
directly to him and they come through a sub- broker who also
charges a particular share of commission
become amply clear that in these types of
activities, brokers are only concerned with their commission on the
value of transactions. Now the question comes ... case that the customers do not come
directly to him and they come through a sub- broker who also
charges a particular share of commission
become amply clear that in these types of
activities, brokers are only concerned with their commission on the
value of transactions. Now the question comes ... case that the customers do not come
directly to him and they come through a sub- broker who also
charges a particular share of commission
person canvas the cargoes and approach the Shippers/
Exporters/Custom House Agents and Freight Brokers. As per
the industry practice, it offers Borkerage/Commission ... customers which ranges as per the contract. The key person
within the whole transaction is Sales Executive/Sales Person/
Sales Manager of the company
assessee
is a broker for re-insurance has accepted the claim of GIC on the
claims of its customers though the reinsuror ACE refused
either directly or
through brokers for procurement of materials for the clients. The goods are
directly sent to the customers for which the assessee direct ... contact with these parties and the dealings were
made through the brokers and the assessee is not aware of the whereabouts
of these parties
that the assessee was
working as broker on behalf of the clients, all the creditors were the customers of the assessee
on whose behalf
