sebi:QJA/VS/MIRSD/DOP/28312/2023-24
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Facts / Headnote
Certificate of Registration (INZ000084536) of A C Agarwal Commodities Private Limited cancelled
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 3(1)
- s. 27
- s. 154
- s. 3(2)
- s. 131B
- s. 29A(2)
Regulations
- Reg. 6
- Reg. 28(2)
- Reg. 9
- Reg. 7
- Reg. 28
- Reg. 24
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
- Reg. 2(1)(k)
Parties
- A C Agarwal Commodities Private Limited
Holding
The Certificate of Registration of A C Agarwal Commodities Private Limited as a commodities derivatives broker is cancelled on the ground that it is not a 'fit and proper person' under Regulation 5(e) of the Stock Brokers Regulations read with Schedule II of the Intermediaries Regulations, having facilitated trading in 'paired contracts' on NSEL in violation of the 2007 Exemption Notification and FCRA, and having attracted disqualification under paragraph 3(b)(i) of the amended Schedule II due to a pending FIR.
Full text
_____________________________________________________________________________________ Order in respect of A C Agarwal Commodities Private Limited in the matter of National Spot Exchange Limited Page 2 of 38
_____________________________________________________________________________________ Order in respect of A C Agarwal Commodities Private Limited in the matter of National Spot Exchange Limited Page 3 of 38
_____________________________________________________________________________________ Order in respect of A C Agarwal Commodities Private Limited in the matter of National Spot Exchange Limited Page 4 of 38
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Source: SecMarx — sebi:QJA/VS/MIRSD/DOP/28312/2023-24. 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.