sebi:WTM/AB/SEBI/NRO/07/2018-19
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Facts / Headnote
Ad-interim ex-parte order dated May 29, 2018 confirmed and continued until further orders; prayers for revocation rejected with directions for dedicated demat and bank accounts
Provisions invoked
- s. 11
- s. 11(4)
- s. 19
- s. 11B
- s. 27
- s. 12
- s. 11A
- s. 23
- s. 138
- s. 166
- s. 149
- s. 179
- s. 13(2)
- s. 156
Regulations
- Reg. 21
- Reg. 9
Parties
- F6 Finserve Pvt. Ltd.
- F6 Commodities Pvt. Ltd.
- Mr. Pankaj Goel
- Mr. Parveen Sharma
- Ms. Meenu Goel
- Mr. Sanjay Anand
- Ms. Kavita Anand
- Ms. Asha Sharma
- Mr. Deepak Goel
- Ms. Ruchika Goel
Holding
The ad-interim ex-parte order dated May 29, 2018 against the Noticees is confirmed and shall continue until further orders, with NSE and MCX Defaulters Committees directed to open dedicated demat and interest-bearing bank accounts for transfer of funds and securities.
Full text
Confirmatory Order in respect of F6 Finserve Pvt. Ltd., F6 Commodities Pvt. Ltd. and others Page 2 of 21 indirectly, in any manner whatsoever, till further directions and were also directed to cease and desist from undertaking any activity in the securities market, directly or indirectly, in any manner whatsoever till further directions.
Confirmatory Order in respect of F6 Finserve Pvt. Ltd., F6 Commodities Pvt. Ltd. and others Page 3 of 21 3. Based on the inspections carried out by SEBI and NSE at the premises of F6 Finserve, the
Confirmatory Order in respect of F6 Finserve Pvt. Ltd., F6 Commodities Pvt. Ltd. and others Page 4 of 21 e. Not fully complied with SEBI Circular CIR/DNPD/7/2011 dated August 10, 2011 read with SEBI Master Circular No. CIR/DNPD/1/2012 dated January 02, 2012 regarding short collection/non collection of client margins in derivatives segment by making wrong reporting about margin collection. Further, F6 Finserve has not fully complied with the provisions of NSE Circular No. NSE/INSP/19583 dated December 14, 2011.
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Source: SecMarx — sebi:WTM/AB/SEBI/NRO/07/2018-19. 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.