sebi:QJA/PR/MIRSD/DOP/23683/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Recommendation of cancellation of certificate of registration INZ000078132 as commodity derivatives broker
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 29
- s. 12(3)
- s. 154
- s. 3(2)
- s. 29A
- s. 131B
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 28(2)
- Reg. 9
- Reg. 7
- Reg. 9(b)
- Reg. 28
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
Parties
- Balaji Commodity Futures Pvt. Ltd.
Holding
The Noticee, Balaji Commodity Futures Pvt. Ltd., was found not to be a 'fit and proper person' under regulation 5(e) of the Stock Brokers Regulations read with Schedule II of the Intermediaries Regulations, and cancellation of its certificate of registration INZ000078132 as commodity derivatives broker was recommended under regulation 27 of the Intermediaries Regulations read with section 12(3) of the SEBI Act and regulation 27(iv) of the Brokers Regulations.
Full text
__________________________________________________________________________________________ Order in respect of Balaji Commodity Futures Pvt. Ltd. in the matter of National Spot Exchange Limited Page 2 of 33
__________________________________________________________________________________________ Order in respect of Balaji Commodity Futures Pvt. Ltd. in the matter of National Spot Exchange Limited Page 3 of 33
__________________________________________________________________________________________ Order in respect of Balaji Commodity Futures Pvt. Ltd. in the matter of National Spot Exchange Limited Page 4 of 33
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:QJA/PR/MIRSD/DOP/23683/2022-23. 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.