sebi:WTM/AS/MIRSD/DOP/29844/2023-24
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Facts / Headnote
Declared not 'fit and proper person'; certificate of registration No. INZ000024832 suspended for three (3) months or till the FIR dated September 28, 2018 ceases to be pending or the Noticee is discharged or acquitted, whichever is later; order with immediate effect
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 27
- s. 12(3)
- s. 154
- s. 3(2)
- s. 29A
- s. 131B
- s. 29A(2)
- s. 14A
- s. 131
Regulations
- Reg. 6
- Reg. 23
- Reg. 7
- Reg. 27
- Reg. 5(e)
Parties
- Raghunandan Industries Private Limited
Holding
The Noticee, Raghunandan Industries Private Limited, was held not to be a 'fit and proper person' under Schedule II of the Intermediaries Regulations and its certificate of registration No. INZ000024832 was suspended for three months or till the FIR dated September 28, 2018 ceases to be pending or the Noticee is discharged or acquitted by a Court, whichever is later.
Full text
___________________________________________________________________________ Order in respect of Raghunandan Industries Private Limited in the matter of National Spot Exchange Limited
___________________________________________________________________________ Order in respect of Raghunandan Industries Private Limited in the matter of National Spot Exchange Limited
___________________________________________________________________________ Order in respect of Raghunandan Industries Private Limited in the matter of National Spot Exchange Limited
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Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29844/2023-24. 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.