sebi:QJA/VS/MIRSD/DOP/28313/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Certificate of Registration (INZ000035638) of NDA Commodity Brokers Private Limited as a commodity derivatives broker cancelled
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 154
- s. 131B
Regulations
- Reg. 6
- Reg. 28(2)
- Reg. 9
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 28(1)
- Reg. 5(e)
- Reg. 8
- Reg. 25(2)
Parties
- NDA Commodity Brokers Private Limited
Holding
The Noticee, NDA Commodity Brokers Private Limited, is no longer a 'fit and proper person' under regulation 5(e) of the Stock Brokers Regulations read with Schedule II of the Intermediaries Regulations, and its Certificate of Registration (INZ000035638) as a commodity derivatives broker is cancelled.
Full text
_____________________________________________________________________________________ Order in respect of NDA Commodity Brokers Private Limited in the matter of National Spot Exchange Limited Page 2 of 37
_____________________________________________________________________________________ Order in respect of NDA Commodity Brokers Private Limited in the matter of National Spot Exchange Limited Page 3 of 37
_____________________________________________________________________________________ Order in respect of NDA Commodity Brokers Private Limited in the matter of National Spot Exchange Limited Page 4 of 37
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Source: SecMarx — sebi:QJA/VS/MIRSD/DOP/28313/2023-24. 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.