sebi:QJA/PR/MIRSD/DOP/24752/2022-23
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Facts / Headnote
Order passed against the Noticee; the DA's recommendation was concurred with (cancellation of certificate of registration implied by concurring with DA recommendation under regulation 27 of Intermediaries Regulations).
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 29
- s. 12(3)
- s. 29A
- s. 154
- s. 131B
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 28(2)
- Reg. 9
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
Parties
- Chachan Commodities Broking Pvt. Ltd.
Holding
The Noticee, Chachan Commodities Broking Pvt. Ltd., was held not to satisfy the 'fit and proper person' criteria under Schedule II of the SEBI (Intermediaries) Regulations, 2008, having participated in trading of 'paired contracts' on NSEL in violation of the 2007 Exemption Notification and FCRA provisions.
Full text
__________________________________________________________________________________________ Order in respect of Chachan Commodities Broking Pvt. Ltd. in the matter of National Spot Exchange Limited Page 2 of 35
__________________________________________________________________________________________ Order in respect of Chachan Commodities Broking Pvt. Ltd. in the matter of National Spot Exchange Limited Page 3 of 35
__________________________________________________________________________________________ Order in respect of Chachan Commodities Broking Pvt. Ltd. in the matter of National Spot Exchange Limited Page 4 of 35
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Source: SecMarx — sebi:QJA/PR/MIRSD/DOP/24752/2022-23. 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.