sebi:QJA/GR/MIRSD/DOP/28471/2023-24
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Facts / Headnote
Certificate of registration (INZ000071035) of Zaveri and Company Private Limited suspended for three months from the date of the order or till an order is passed by a Court of competent jurisdiction discharging or acquitting the Noticee, 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. 27
- Reg. 23
- Reg. 7
- Reg. 25
- Reg. 28(1)
- Reg. 5(e)
- Reg. 25(3)
- Reg. 9(2)
Parties
- Zaveri and Company Private Limited
Holding
The Noticee, Zaveri and Company Private Limited, was found not to be a 'fit and proper person' under Schedule II of the Intermediaries Regulations for facilitating clients to trade in 'paired contracts' on NSEL, and its certificate of registration as a commodities derivatives broker was suspended for three months or until a court discharges or acquits it, whichever is later.
Full text
___________________________________________________________________________ Order in respect of Zaveri and Company Private Limited in the matter of National Spot Exchange Limited Page 2 of 26
___________________________________________________________________________ Order in respect of Zaveri and Company Private Limited in the matter of National Spot Exchange Limited Page 3 of 26
___________________________________________________________________________ Order in respect of Zaveri and Company Private Limited in the matter of National Spot Exchange Limited Page 4 of 26
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Source: SecMarx — sebi:QJA/GR/MIRSD/DOP/28471/2023-24. 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.