sebi:QJA/SVMDR/MIRSD/DOP/29136/2023-24
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Facts / Headnote
Proceedings concluded under amended Intermediaries Regulations; directions under regulation 27 recommended (recommendation of cancellation of Certificate of Registration by DA addressed)
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 3(1)
- s. 27
- s. 29
- s. 12(3)
- s. 154
- s. 3(2)
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 27
- Reg. 9
- Reg. 7
- Reg. 9(b)
- Reg. 28
- Reg. 25
- Reg. 26
- Reg. 28(1)
- Reg. 5(e)
- Reg. 24(2)
Parties
- MK Commodity Brokers Limited
Holding
The Noticee's challenge to the appointment of the Designated Authority by a Whole Time Member was rejected, and the proceedings were held to be maintainable under the amended Intermediaries Regulations with directions issuable under regulation 27. The Noticee's contentions regarding non-supply of documents and violation of natural justice were rejected.
Full text
___________________________________________________________________________ Order in respect of MK Commodity Brokers Limited in the matter of National Spot Exchange Limited Page 2 of 32
___________________________________________________________________________ Order in respect of MK Commodity Brokers Limited in the matter of National Spot Exchange Limited Page 3 of 32
___________________________________________________________________________ Order in respect of MK Commodity Brokers Limited in the matter of National Spot Exchange Limited Page 4 of 32
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Source: SecMarx — sebi:QJA/SVMDR/MIRSD/DOP/29136/2023-24. 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.