sebi:WTM/AS/MIRSD/DOP/29857/2023-24
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 of the Noticee suspended for a period of three months or till the time the FIR ceases to be pending or the Noticee is discharged or acquitted by a Court in relation to the FIR, 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. 29A
- s. 131B
- s. 29A(2)
- s. 14A
- s. 131
Regulations
- Reg. 6
- Reg. 7
- Reg. 27
- Reg. 5(e)
Parties
- Adinath Commtrade Private Limited
Holding
The Noticee, Adinath Commtrade Private Limited, is not a 'fit and proper person' under Schedule II of the Intermediaries Regulations, and its certificate of registration as a broker is suspended for three months or until the FIR ceases to be pending or the Noticee is discharged/acquitted in relation to the FIR, whichever is later.
Full text
_______________________________________________________________________________ Order in respect of Adinath Commtrade Private Limited in the matter of National Spot Exchange Limited
_______________________________________________________________________________ Order in respect of Adinath Commtrade Private Limited in the matter of National Spot Exchange Limited
_______________________________________________________________________________ Order in respect of Adinath Commtrade Private Limited in the matter of National Spot Exchange Limited
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29857/2023-24. 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.