sebi:QJA/GR/MIRSD/DOP/28843/2023-24
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Facts / Headnote
Certificate of registration of the Noticee suspended for a period of 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. 6
- Reg. 9(f)
- Reg. 7
- Reg. 9(b)
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
Parties
- Vikson Commodities Private Limited
Holding
The Noticee, Vikson Commodities Private Limited, was held not to be a 'fit and proper person' under Regulation 5(e) read with Regulation 27(iv) of the Broker Regulations and Schedule II of the Intermediaries Regulations, and its certificate of registration as a commodities derivatives broker was suspended for three months or until discharge/acquittal by a Court of competent jurisdiction, whichever is later.
Full text
___________________________________________________________________________ Order in respect of Vikson Commodities Private Limited in the matter of National Spot Exchange Limited Page 2 of 25
___________________________________________________________________________ Order in respect of Vikson Commodities Private Limited in the matter of National Spot Exchange Limited Page 3 of 25
___________________________________________________________________________ Order in respect of Vikson Commodities Private Limited in the matter of National Spot Exchange Limited Page 4 of 25
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Source: SecMarx — sebi:QJA/GR/MIRSD/DOP/28843/2023-24. 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.