sebi:WTM/AN/MIRSD/DOP/29697/2023-24
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Facts / Headnote
Certificate of registration suspended for three months or till discharge/acquittal by a Court of competent jurisdiction, whichever is later
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 209A
Regulations
- Reg. 9(f)
- Reg. 9(b)
- Reg. 25
- Reg. 27
- Reg. 6
- Reg. 5(e)
Parties
- Integrated Commodity Trades Private Limited
Holding
The certificate of registration of Integrated Commodity Trades Private Limited as a stock broker was suspended for a period of three months from the date of the order or till such time an order is passed by a Court of competent jurisdiction discharging or acquitting the Noticee, whichever is later, instead of cancellation as recommended by the Designated Authority.
Full text
Final Order in respect of Integrated Commodity Trades Private Limited in the matter of NSEL Page 2 of 28 January 21, 2021. The DA, based on findings recorded in the said Enquiry report, recommended that the registration of ICTPL as a stock broker may be cancelled.
Final Order in respect of Integrated Commodity Trades Private Limited in the matter of NSEL Page 3 of 28 notice for which purpose, it will be open to the WTM to issue a supplementary show cause notice...”
Final Order in respect of Integrated Commodity Trades Private Limited in the matter of NSEL Page 4 of 28 officials and defaulters on 18.10.2013 which after rigorous follow ups was converted into FIR No. 0090/2015 with Barakhamba Road Police Station. The said FIR has been converted into charge sheet and the Noticee’s name does not appear in the list of accused persons. One of the Noticee’s director namely, Kunal Khaneja is appearing in the list of witnesses. Thus, it shows that the Noticee is not accused. A copy of the said charge sheet is enclosed. 7.5. The Noticee has submitted that it has not been included in the charge sheets filed by EOW Mumbai and EOW New Delhi in the FIR no 89/13 and FIR No 24/2015. One of the directors of the Noticee namely, Virender Khaneja is appearing in the list of witnesses. 7.6. The error trades of the Noticee did not cause any adverse impact on any of the clients and it did not derive any benefit/gain, rather it incurred transaction
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Source: SecMarx — sebi:WTM/AN/MIRSD/DOP/29697/2023-24. 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.