sebi:QJA/VS/MIRSD/DOP/28587/2023-24
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 (No. INZ000017738) of Padmakshi 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)
- s. 131
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 5(e)
- Reg. 28(2)
- Reg. 9
- Reg. 23
- Reg. 7
- Reg. 28
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 9(b)
- Reg. 8
- Reg. 2(1)(k)
Parties
- Padmakshi Commodities Private Limited
Holding
The Certificate of Registration of Padmakshi Commodities Private Limited as a commodity broker is cancelled for not being a 'fit and proper person' under Schedule II of the Intermediaries Regulations, having facilitated trading in 'paired contracts' on NSEL in violation of the 2007 Exemption Notification and the FCRA.
Full text
_____________________________________________________________________________________ Order in respect of Padmakshi Commodities Private Limited in the matter of National Spot Exchange Limited Page 2 of 41
_____________________________________________________________________________________ Order in respect of Padmakshi Commodities Private Limited in the matter of National Spot Exchange Limited Page 3 of 41
_____________________________________________________________________________________ Order in respect of Padmakshi Commodities Private Limited in the matter of National Spot Exchange Limited Page 4 of 41
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:QJA/VS/MIRSD/DOP/28587/2023-24. 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.