sebi:QJA/GBR/MIRSD/DOP/29108/2023-24
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Facts / Headnote
Recommendation/proceeding for cancellation of registration of the Noticee as a commodities derivatives broker (SEBI Registration No. INZ000052535) for not being a 'fit and proper' person
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 11
- s. 27
- s. 12(3)
- s. 154
- s. 29A
- s. 131B
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 7
- Reg. 8(1)
- Reg. 9(b)
- Reg. 25
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
Parties
- Adroit Commodities Services Private Limited
Holding
The Noticee, Adroit Commodities Services Private Limited, is not a 'fit and proper' person under Regulation 5(e) read with Regulation 27(iv) of the Broker Regulations read with Schedule II of the Intermediaries Regulations, and cancellation of its registration as a commodities derivatives broker is recommended.
Full text
___________________________________________________________________________ Order in respect of Adroit Commodities Services Private Limited in the matter of National Spot Exchange Limited Page 2 of 32
___________________________________________________________________________ Order in respect of Adroit Commodities Services Private Limited in the matter of National Spot Exchange Limited Page 3 of 32
___________________________________________________________________________ Order in respect of Adroit Commodities Services Private Limited in the matter of National Spot Exchange Limited Page 4 of 32
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Source: SecMarx — sebi:QJA/GBR/MIRSD/DOP/29108/2023-24. 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.