sebi:QJA/VS/MIRSD/DOP/28089/2023-24
Facts / Headnote
Recommendation to cancel the certificate of registration (SEBI Regn. No.: INZ000046934) granted to Bahubali Commodity Services Private Limited as commodity derivatives broker
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 12(3)
- s. 154
- s. 3(2)
- s. 131B
- s. 29A(2)
Regulations relied on
- SEBI (Intermediaries) Regulations, 2008
- SEBI (Intermediaries) Regulations, 2008 — 27
- SEBI (Stock Brokers) Regulations, 1992 — 5(e)
Parties
- Bahubali Commodity Services Private Limited
Holding
The Noticee, Bahubali Commodity Services Private Limited, does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, and cancellation of its certificate of registration as a commodity derivatives broker is recommended under section 12(3) of the SEBI Act read with regulation 27(iv) of the Brokers Regulations.
Full text
_____________________________________________________________________________________ Order in respect of Bahubali Commodity Services Private Limited in the matter of National Spot Exchange Limited Page 2 of 33
_____________________________________________________________________________________ Order in respect of Bahubali Commodity Services Private Limited in the matter of National Spot Exchange Limited Page 3 of 33
_____________________________________________________________________________________ Order in respect of Bahubali Commodity Services Private Limited in the matter of National Spot Exchange Limited Page 4 of 33
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