sebi:QJA/GG/MIRSD/DOP/28220/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Certificate of Registration as stock broker recommended for cancellation; Noticee found not a 'fit and proper person'
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 3(2)
- s. 29A
- s. 131B
Regulations
- Reg. 27
- Reg. 7
- Reg. 25
- Reg. 28(1)
- Reg. 5(e)
- Reg. 25(3)
Parties
- Integrated Data Management Services (P) Ltd.
Holding
The Noticee, Integrated Data Management Services (P) Ltd., was held not to be a 'fit and proper person' under Schedule II of the Intermediaries Regulations read with Regulation 5(e) of the Stock Brokers Regulations, and its certificate of registration as a stock broker was recommended for cancellation.
Full text
___________________________________________________________________________ Order in respect of Integrated Data Management Services (P) Ltd. in the matter of National Spot Exchange Limited Page 2 of 28
___________________________________________________________________________ Order in respect of Integrated Data Management Services (P) Ltd. in the matter of National Spot Exchange Limited Page 3 of 28
___________________________________________________________________________ Order in respect of Integrated Data Management Services (P) Ltd. in the matter of National Spot Exchange Limited Page 4 of 28
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:QJA/GG/MIRSD/DOP/28220/2023-24. 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.