sebi:WTM/AS/MIRSD/DOP/29755/2023-24
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Facts / Headnote
Certificate of registration suspended for six months or until discharge/acquittal by a Court in relation to the chargesheet filed by EOW, whichever is later; Noticee declared not a 'fit and proper person'
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 21
- s. 154
- s. 132
- s. 3(2)
- s. 29A
- s. 131B
- s. 29A(2)
- s. 14A
- s. 131
Regulations
- Reg. 6
- Reg. 7
- Reg. 27
- Reg. 5(e)
Parties
- R K Global Commodity Broking Limited
Holding
The Noticee, R K Global Commodity Broking Limited, is not a 'fit and proper person' under Schedule II of the Intermediaries Regulations due to its participation in and facilitation of 'paired contracts' on NSEL, and its certificate of registration is suspended for six months or until discharge/acquittal in the EOW chargesheet matter, whichever is later.
Full text
_______________________________________________________________________________ Order in respect of R K Global Commodity Broking Limited in the matter of National Spot Exchange Limited
_______________________________________________________________________________ Order in respect of R K Global Commodity Broking Limited in the matter of National Spot Exchange Limited
_______________________________________________________________________________ Order in respect of R K Global Commodity Broking Limited in the matter of National Spot Exchange Limited
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Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29755/2023-24. 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.