sebi:QJA/PR/MIRSD/DOP/26419/2023-24
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Facts / Headnote
Cancellation of Certificate of Registration bearing No. INZ000087136
Provisions invoked
- s. 11
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 131B
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 5(e)
- Reg. 9
- Reg. 23
- Reg. 7
- Reg. 8(1)
- Reg. 28
- Reg. 25
- Reg. 27
- Reg. 27(5)
- Reg. 9(b)
- Reg. 25(6)
Parties
- Bharat Bhushan Finance and Commodity Brokers Limited
Holding
The Certificate of Registration (bearing No. INZ000087136) of Bharat Bhushan Finance and Commodity Brokers Limited is hereby cancelled. The Noticee was held to have violated the 2007 Exemption Notification and FCRA by participating in / facilitating paired contracts on NSEL and to be no longer a fit and proper person.
Full text
__________________________________________________________________________________________ Order in respect of Bharat Bhushan Finance & Commodity Brokers Ltd. in the matter of National Spot Exchange Limited Page 2 of 36
__________________________________________________________________________________________ Order in respect of Bharat Bhushan Finance & Commodity Brokers Ltd. in the matter of National Spot Exchange Limited Page 3 of 36
__________________________________________________________________________________________ Order in respect of Bharat Bhushan Finance & Commodity Brokers Ltd. in the matter of National Spot Exchange Limited Page 4 of 36
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Source: SecMarx — sebi:QJA/PR/MIRSD/DOP/26419/2023-24. 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.