sebi:QJA/ARB/MIRSD/DOP/25647/2023-24
Facts / Headnote
Certificate of Registration No. INZ000060532 as stock broker cancelled; noticee found not a 'fit and proper person'
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 154
- s. 3(2)
- s. 156
- s. 29A
- s. 131B
Regulations relied on
- SEBI (Intermediaries) Regulations, 2008
- SEBI (Intermediaries) Regulations, 2008 — 27
- SEBI (Stock Brokers) Regulations, 1992 — 5(e)
- SEBI (Stock Brokers) Regulations, 1992 — 9(b)
- SEBI (Stock Brokers) Regulations, 1992 — 9(f)
Parties
- SRD Commodities Pvt. Ltd.
Holding
The noticee, SRD Commodities Pvt. Ltd., does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, and its Certificate of Registration No. INZ000060532 as a stock broker is cancelled as continuance of registration is detrimental to the interest of the securities market.
Full text
__________________________________________________________________________________________ Order in respect of SRD Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 2 of 22
__________________________________________________________________________________________ Order in respect of SRD Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 3 of 22
__________________________________________________________________________________________ Order in respect of SRD Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 4 of 22
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Source: SecMarx — sebi:QJA/ARB/MIRSD/DOP/25647/2023-24. 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.