sebi:QJA/VS/MIRSD/DOP/29134/2023-24
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. INZ000051934) of Baljit Metals Private Limited cancelled
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 11
- s. 27
- s. 154
- s. 131B
- s. 29A(2)
- s. 131
Regulations
- Reg. 6
- Reg. 9
- Reg. 28(2)
- Reg. 23
- Reg. 7
- Reg. 9(f)
- Reg. 28
- Reg. 25
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
- Reg. 9(b)
Parties
- Baljit Metals Private Limited
Holding
The Certificate of Registration of Baljit Metals Private Limited as a commodity derivatives broker was cancelled on the ground that it is no longer a 'fit and proper person' under Schedule II of the Intermediaries Regulations, having participated in 'paired contracts' on NSEL that violated the 2007 Exemption Notification and having a pending FIR registered against it.
Full text
_____________________________________________________________________________________ Order in respect of Baljit Metals Private Limited in the matter of National Spot Exchange Limited Page 2 of 40
_____________________________________________________________________________________ Order in respect of Baljit Metals Private Limited in the matter of National Spot Exchange Limited Page 3 of 40
_____________________________________________________________________________________ Order in respect of Baljit Metals Private Limited in the matter of National Spot Exchange Limited Page 4 of 40
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/29134/2023-24. 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.