sebi:QJA/MK/MIRSD/DOP/27992/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 131
- s. 29A
- s. 131B
- s. 14A
Regulations
- Reg. 7
- Reg. 28
- Reg. 25
- Reg. 27
- Reg. 5(e)
- Reg. 25(3)
Parties
- Jyoti Commodities Pvt. Ltd.
Holding
The limited issue before the WTM is whether the Noticee (Jyoti Commodities Pvt. Ltd.) satisfies the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations and whether its certificate of registration should be cancelled. The Noticee's jurisdictional and procedural objections were considered, with the WTM noting SEBI's power to adjudge fit and proper status of intermediaries.
Full text
___________________________________________________________________________ Order in respect of Jyoti Commodities Pvt.. Ltd. in the matter of National Spot Exchange Limited Page 2 of 29
___________________________________________________________________________ Order in respect of Jyoti Commodities Pvt.. Ltd. in the matter of National Spot Exchange Limited Page 3 of 29
___________________________________________________________________________ Order in respect of Jyoti Commodities Pvt.. Ltd. in the matter of National Spot Exchange Limited Page 4 of 29
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Source: SecMarx — sebi:QJA/MK/MIRSD/DOP/27992/2023-24. 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.