sebi:WTM/AN/MIRSD/DOP/29872/2023-24
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Facts / Headnote
Certificate of registration (INZ000063032) suspended for three months from the date of the Order or till a Court of competent jurisdiction discharges or acquits the Noticee, whichever is later; DA's recommendation for cancellation not accepted.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 29A(2)
- s. 209A
Regulations
- Reg. 9(f)
- Reg. 23
- Reg. 7
- Reg. 9(b)
- Reg. 25
- Reg. 27
- Reg. 25(1)
- Reg. 6
- Reg. 5(e)
- Reg. 27(3)
Parties
- Algocomm Futures Private Limited (earlier known as Mansukh Commodity Futures Private Limited)
Holding
The Noticee, Algocomm Futures Private Limited, does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, warranting suspension of its certificate of registration for three months or until discharge/acquittal by a competent court, whichever is later.
Full text
Final Order in respect of Algocomm Futures Private Limited (earlier known as Mansukh Commodity Futures Private Limited) in the matter of NSEL
Final Order in respect of Algocomm Futures Private Limited (earlier known as Mansukh Commodity Futures Private Limited) in the matter of NSEL
Final Order in respect of Algocomm Futures Private Limited (earlier known as Mansukh Commodity Futures Private Limited) in the matter of NSEL
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Source: SecMarx — sebi:WTM/AN/MIRSD/DOP/29872/2023-24. 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.