sebi:WTM/AS/MIRSD/DOP/29826/2023-24
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Facts / Headnote
Certificate of registration (INZ000086834) of Almondz Commodities Private Limited as a commodities derivatives broker suspended for six months from the date of the order or till discharge/acquittal by a Court in relation to the EOW chargesheet, whichever is later.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 21
- s. 29A
- s. 154
- s. 131B
- s. 29A(2)
- s. 14A
- s. 131
Regulations
- Reg. 6
- Reg. 23
- Reg. 7
- Reg. 27
- Reg. 25(1)
- Reg. 5(e)
Parties
- Almondz Commodities Private Limited
Holding
The Noticee, Almondz Commodities Private Limited, was held not to be a 'fit and proper person' under Schedule II of the Intermediaries Regulations due to its involvement in facilitating trading in 'paired contracts' on NSEL, and its certificate of registration was suspended for six months or until discharge/acquittal in the EOW chargesheet, whichever is later.
Full text
___________________________________________________________________________________________________ Order in respect of Almondz Commodities Private Limited in the matter of National Spot Exchange Limited Page 2 of 35
___________________________________________________________________________________________________ Order in respect of Almondz Commodities Private Limited in the matter of National Spot Exchange Limited Page 3 of 35
___________________________________________________________________________________________________ Order in respect of Almondz Commodities Private Limited in the matter of National Spot Exchange Limited Page 4 of 35
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Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29826/2023-24. 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.