sebi:QJA/GG/MIRSD/DOP/29472/2023-24
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Facts / Headnote
Certificate of registration (INZ000080636) of R. Wadiwala Commodities Private Limited suspended for three months from the date of the order or till discharge/acquittal by a Court of competent jurisdiction, whichever is later.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 29A
- s. 131B
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 7
- Reg. 28
- Reg. 25
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
- Reg. 8
- Reg. 24(2)
- Reg. 2(1)(k)
Parties
- R. Wadiwala Commodities Private Limited
Holding
The Noticee, R. Wadiwala Commodities Private Limited, does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, and its certificate of registration as a commodity derivatives broker is suspended for three months or until discharge/acquittal by a competent court, whichever is later.
Full text
___________________________________________________________________________ Order in respect of R. Wadiwala Commodities Private Limited in the matter of National Spot Exchange Limited Page 2 of 30
___________________________________________________________________________ Order in respect of R. Wadiwala Commodities Private Limited in the matter of National Spot Exchange Limited Page 3 of 30
___________________________________________________________________________ Order in respect of R. Wadiwala Commodities Private Limited in the matter of National Spot Exchange Limited Page 4 of 30
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Source: SecMarx — sebi:QJA/GG/MIRSD/DOP/29472/2023-24. 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.