sebi:QJA/MK/MIRSD/DOP/28290/2023-24
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Facts / Headnote
Certificate of registration of the Noticee suspended (rather than cancelled as recommended by the Designated Authority) for a specified period under amended Regulation 27 of the Intermediaries Regulations, 2008; order without prejudice to pending criminal complaint and other proceedings.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 29A
- s. 131B
- s. 14A
- s. 131
Regulations
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 5(e)
- Reg. 9(b)
Parties
- Nortel Vincom Private Limited
Holding
The Noticee (Nortel Vincom Private Limited) was held not to be a 'fit and proper person' under Schedule II of the Intermediaries Regulations, 2008, and its certificate of registration was suspended for a specified period rather than cancelled as recommended by the Designated Authority.
Full text
___________________________________________________________________________ Order in respect of Nortel Vincom Private Limited in the matter of National Spot Exchange Limited Page 2 of 24
___________________________________________________________________________ Order in respect of Nortel Vincom Private Limited in the matter of National Spot Exchange Limited Page 3 of 24
___________________________________________________________________________ Order in respect of Nortel Vincom Private Limited in the matter of National Spot Exchange Limited Page 4 of 24
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Source: SecMarx — sebi:QJA/MK/MIRSD/DOP/28290/2023-24. 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.