sebi:QJA/GG/MIRSD/DOP/28557/2023-24
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Facts / Headnote
Order determining whether the Noticee satisfies the 'fit and proper person' criteria and whether its stock broker registration should be cancelled as recommended by the Designated Authority
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 29A
- s. 131B
Regulations
- Reg. 27
- Reg. 5
- Reg. 7
- Reg. 25
- Reg. 28(1)
- Reg. 5(e)
Parties
- Indo Thai Commodities Private Limited
Holding
The Noticee, Indo Thai Commodities Private Limited, did not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, as its facilitation of 'paired contracts' on NSEL jeopardized its reputation, competence, fairness, honesty, integrity and character in the securities market.
Full text
___________________________________________________________________________ Order in respect of Indo Thai Commodities Private Limited in the matter of National Spot Exchange Limited
___________________________________________________________________________ Order in respect of Indo Thai Commodities Private Limited in the matter of National Spot Exchange Limited
___________________________________________________________________________ Order in respect of Indo Thai Commodities Private Limited in the matter of National Spot Exchange Limited
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Source: SecMarx — sebi:QJA/GG/MIRSD/DOP/28557/2023-24. 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.