sebi:WTM/AS/MIRSD/DOP/29852/2023-24

SEBI · SEBI · 2020-12-24 · Amarjeet Singh, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Certificate of registration bearing no. INZ000058734 of Proficient Commodities Private Limited as a commodities derivatives broker suspended for a period of three (3) months from the date of the Order or till the FIR dated September 28, 2018 ceases to be pending or the Noticee is discharged or acquitted by a Court in relation to the FIR, whichever is later, on holding the Noticee not a fit and proper person.

Provisions invoked

s. 19
s. 11(4)
s. 11B
s. 12
s. 27
s. 21
s. 154
s. 156
s. 29A
s. 131B
s. 29A(2)
s. 14A
s. 131

Regulations

Reg. 6
Reg. 23
Reg. 7
Reg. 27
Reg. 5(e)

Parties

Proficient Commodities Private Limited

Holding

The Noticee is not a fit and proper person for holding a certificate of registration as a broker and its certificate of registration INZ000058734 is suspended for three months from the date of the Order or till the FIR dated September 28, 2018 ceases to be pending or it is discharged or acquitted, whichever is later.

Full text

_______________________________________________________________________________ Order in respect of Proficient Commodities Private Limited in the matter of National Spot Exchange Limited

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Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29852/2023-24. 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.