sebi:WTM/AN/MIRSD/DOP/29862/2023-24
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Facts / Headnote
Certificate of registration bearing no. INZ000034334 suspended for three months from date of order or till discharge/acquittal by 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. 27
- Reg. 6
- Reg. 5(e)
Parties
- Twenty20 Commodities Pvt. Ltd.
Holding
The Noticee is not a fit and proper person and violated the Code of Conduct for facilitating trading in paired contracts on NSEL; its certificate of registration as stock broker is suspended for three months or till discharge/acquittal, whichever is later.
Full text
Final Order in respect of Twenty20 Commodities Pvt. Ltd. in the matter of NSEL Page 2 of 22 recommended that the registration of the Noticee as a stock broker may be cancelled.
Final Order in respect of Twenty20 Commodities Pvt. Ltd. in the matter of NSEL Page 3 of 22 5. In light of the June 2022 SAT Order, it was felt necessary to furnish certain additional documents/material to the Noticee and grant an opportunity of personal hearing, before concluding the present proceedings. Accordingly, a supplementary SCN dated February 17, 2023 (“SSCN”) was served on the Noticee along with the following documents: 5.1. Copy of SEBI complaint dated September 24, 2018 filed with Economic Offences Wing (“EOW”); 5.2. Copy of FIR dated September 28, 2018 filed by SEBI under section 154 of Criminal Procedure Code, 1973 (“CrPC”); and 5.3. Amended Schedule II of Intermediaries Regulations.
Final Order in respect of Twenty20 Commodities Pvt. Ltd. in the matter of NSEL Page 4 of 22 say the least. Hence, this case is being decided on basis of material before this Tribunal....”.
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Source: SecMarx — sebi:WTM/AN/MIRSD/DOP/29862/2023-24. 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.