sebi:WTM/AN/MIRSD/DOP/29859/2023-24
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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
- s. 133B
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 23
- Reg. 7
- Reg. 9(b)
- Reg. 28
- Reg. 25
- Reg. 27
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
- Reg. 27(1)
- Reg. 2(1)(b)
Parties
- Dynamic Commodities Private Limited
Holding
The Noticee, Dynamic Commodities Private Limited, does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, and its certificate of registration (INZ000047433) is suspended for three months or until discharge/acquittal by a Court of competent jurisdiction, whichever is later, rather than cancelled as recommended by the Designated Authority.
Full text
Final Order in respect of Dynamic Commodities Private Limited in the matter of NSEL Page 2 of 43 January 21, 2021. The DA, based on findings recorded in the said Enquiry report, recommended that the registration of DCPL as a stock broker may be cancelled.
Final Order in respect of Dynamic Commodities Private Limited in the matter of NSEL Page 3 of 43 documents relied upon by the respondent should form part of the show cause notice for which purpose, it will be open to the WTM to issue a supplementary show cause notice...”
Final Order in respect of Dynamic Commodities Private Limited in the matter of NSEL Page 4 of 43 hearing and therefore, the principles of natural justice have been duly complied with and I now proceed to consider the matter based on the replies and material available on record.
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Source: SecMarx — sebi:WTM/AN/MIRSD/DOP/29859/2023-24. 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.