sebi:QJA/GG/MIRSD/DOP/24161/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
Regulations
- Reg. 6
- Reg. 27
- Reg. 5
- Reg. 9
- Reg. 7
- Reg. 28(1)
- Reg. 27(4)
- Reg. 5(e)
- Reg. 9(b)
Parties
- Sharewealth Commodities Pvt. Ltd.
Holding
The Noticee, Sharewealth Commodities Pvt. Ltd., was found not to be a 'fit and proper person' to continue holding its certificate of registration as Trading and Clearing Member, having failed to conduct proper due diligence on paired contracts on NSEL that were in breach of exemptions granted under FCRA.
Full text
___________________________________________________________________ Order in the matter of Sharewealth Commodities Pvt. Ltd. Page 2 of 24
___________________________________________________________________ Order in the matter of Sharewealth Commodities Pvt. Ltd. Page 3 of 24
___________________________________________________________________ Order in the matter of Sharewealth Commodities Pvt. Ltd. Page 4 of 24
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Source: SecMarx — sebi:QJA/GG/MIRSD/DOP/24161/2022-23. 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.