sebi:Order/SM/DD/2021-22/14520
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violations established; monetary penalty imposed on Noticee under Section 23D of SCRA and Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 23J
- s. 23
- s. 23D
Parties
- Ambalal Multi Commodities Private Limited
Holding
The Adjudicating Officer found that Ambalal Multi Commodities Private Limited violated Section 23D of SCRA read with Clause 1 of the Transactions Regulation Circular and Clause 3 of the Enhanced Supervision Circular (misuse of clients' funds), Clause 12 of SEBI Circular SEBI/MIRSD/SE/Cir-19/2009 (failure to settle inactive clients), and Clause 6.1.1(j) of the Enhanced Supervision Circular read with MCX Circular MCX/MEM/210/2016 (net worth non-compliance), and imposed a monetary penalty.
Full text
Adjudication Order in respect of Ambalal Multi Commodities Private Limited in the matter of Ambalal Multi Commodities Private Limited Page 2 of 23
Adjudication Order in respect of Ambalal Multi Commodities Private Limited in the matter of Ambalal Multi Commodities Private Limited Page 3 of 23
Adjudication Order in respect of Ambalal Multi Commodities Private Limited in the matter of Ambalal Multi Commodities Private Limited Page 4 of 23
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/SM/DD/2021-22/14520. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.