Notice No.   20190508-40   Notice Date   08 May 2019
Category   Others   Segment   General
Subject   Declaration of Guiness Securities Ltd. as defaulter as well as expulsion (Clg no. 3027)
Attachments   Annexure-I.pdf ;

Trading Members of the Exchange are hereby informed that pursuant to declaration of Guiness Securities Ltd. as defaulter as well as its expulsion by NSE vide its circular no. NSE.: 34/2019 dated May 7, 2019 w.e.f May 6, 2019, the Exchange has declared Guiness Securities Ltd. (Clg No.  3027), 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. May 8, 2019.

Investors having any outstanding claims against Guiness Securities Ltd. are advised to file their claims with the Exchange, if they so desire, within 90 days from the date of issue of this notice i.e. by August 6, 2019, as provided under SEBI Circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004, circular No. MRD/DP/06/2011 dated June 16, 2011, circular no. SEBI/HO/DMS/CIR/P/2017/15 dated 23rd February, 2017 and any other modifications/circulars as may be issue by SEBI in this regard, from time to time.

The investors can file their claim against Guiness Securities Ltd. at the concerned regional Investor Centre of BSE Ltd., the list of which is available on Exchange’s website at the following link:

The investors can also lodge their claims through Exchange’s website under e-Complaint Registration, a link for which is given below:

Further, the investors are hereby advised to go through the norms for eligibility of claims for compensation from IPF to the clients of the defaulter Member which are available on Exchange website at the following link:

The eligible claims filed before the aforesaid specified date would be considered for compensation from the Investor Protection Fund (IPF), as per the provision of SEBI circular no. CIR/MRD/DP/28/2014 dated September 29, 2014 to the maximum extent of Rs. 15 Lacs per client. Further the eligible claims filed by investors after the specified date are required to provide reasons for delay in filing the claim and should satisfy the IPF that the claim could not have been filed during the specified period for the reasons beyond the control of the claimant.

As per the Exchange records, the Authorized Persons (mentioned in Annexure I) affiliated with the aforementioned trading Member, are not authorized henceforth to deal in that capacity and their registration stands withdrawn.


Gopalkrishnan Iyer                                                        Hemant Dharap

Chief General Manager                                                  Deputy General Manager 

Brokers Supervision, Membership Compliance                Membership Compliance

and Investor Services                                                    and Investor Services


Encl. Annexure-I