sebi:QJA/GG/MIRSD/DOP/29452/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Application of RVI Commodity Services Private Limited for registration as commodity derivatives broker rejected; Noticee debarred from making fresh application for three months or till discharge/acquittal by competent court, whichever is earlier.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 29A
- s. 131B
Regulations
- Reg. 6
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 5(e)
Parties
- RVI Commodity Services Private Limited
Holding
The Noticee does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, so its application for registration as a commodity derivatives broker is rejected and it is debarred from fresh application for three months or till discharge/acquittal.
Full text
___________________________________________________________________________ Order in respect of RVI Commodity Services Pvt. Ltd. in the matter of National Spot Exchange Ltd. Page 2 of 18
___________________________________________________________________________ Order in respect of RVI Commodity Services Pvt. Ltd. in the matter of National Spot Exchange Ltd. Page 3 of 18
___________________________________________________________________________ Order in respect of RVI Commodity Services Pvt. Ltd. in the matter of National Spot Exchange Ltd. Page 4 of 18
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Source: SecMarx — sebi:QJA/GG/MIRSD/DOP/29452/2023-24. 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.