sebi:QJA/ARB/MIRSD/DOP/28180/2023-24
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Facts / Headnote
Certificate of Registration (bearing No. INZ000033839) of Shri Parasram Commodities Private Limited cancelled; noticee directed to inform existing clients and allow withdrawal/transfer of securities and funds within 15 days.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 29A
- s. 154
- s. 3(2)
- s. 4A
- s. 131B
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 28(2)
- Reg. 9
- Reg. 23
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
- Reg. 24(2)
Parties
- Shri Parasram Commodities Private Limited
Holding
The Certificate of Registration of Shri Parasram Commodities Private Limited as a trading/clearing member (stock broker) is cancelled on the ground that it does not satisfy the 'fit and proper person' criteria under Schedule II of the SEBI (Intermediaries) Regulations, 2008, having facilitated trading in 'paired contracts' on NSEL in violation of the 2007 Exemption Notification and FCRA provisions.
Full text
__________________________________________________________________________________________ Order in respect of Shri Parasram Commodities Private Limited in the matter of National Spot Exchange Limited
__________________________________________________________________________________________ Order in respect of Shri Parasram Commodities Private Limited in the matter of National Spot Exchange Limited
__________________________________________________________________________________________ Order in respect of Shri Parasram Commodities Private Limited in the matter of National Spot Exchange Limited
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Source: SecMarx — sebi:QJA/ARB/MIRSD/DOP/28180/2023-24. 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.