sebi:QJA/GR/MIRSD/DOP/28014/2023-24
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Facts / Headnote
Certificate of Registration suspended for three months 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
Regulations
- Reg. 23
- Reg. 7
- Reg. 25
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
Parties
- Yacoobali Venture Commodity Broking Private Limited
Holding
The Noticee was declared not a 'fit and proper person' under paragraph 3(b)(i) of the amended Schedule II of the Intermediaries Regulations due to its involvement in trading 'paired contracts' on the NSEL platform and the subsisting FIR, and consequently its certificate of registration was suspended for three months or until discharge/acquittal, whichever is later.
Full text
___________________________________________________________________________ Order in respect of Yacoobali Venture Commodity Broking Private Limited in the matter of National Spot Exchange Limited Page 2 of 33
___________________________________________________________________________ Order in respect of Yacoobali Venture Commodity Broking Private Limited in the matter of National Spot Exchange Limited Page 3 of 33
___________________________________________________________________________ Order in respect of Yacoobali Venture Commodity Broking Private Limited in the matter of National Spot Exchange Limited Page 4 of 33
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Source: SecMarx — sebi:QJA/GR/MIRSD/DOP/28014/2023-24. 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.