sebi:WTM/AS/MIRSD/DOP/29867/2023-24
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Facts / Headnote
Certificate of registration No. INZ000050830 as commodity derivatives broker suspended for a period of three months from date of Order or till FIR dated September 28, 2018 ceases to be pending or Noticee is discharged or acquitted, whichever is later; declared not fit and proper person.
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 21
- s. 154
- s. 131
- s. 29A
- s. 131B
- s. 29A(2)
- s. 14A
Regulations
- Reg. 6
- Reg. 7
- Reg. 27
- Reg. 5(e)
Parties
- Achievers Commercial Private Limited
Holding
Achievers Commercial Private Limited is not a fit and proper person for holding a certificate of registration, and its certificate of registration as a commodities derivatives broker is suspended for three months or till the pending FIR is no longer pending or it is discharged or acquitted, whichever is later.
Full text
_______________________________________________________________________________ Order in respect of Achievers Commercial Private Limited in the matter of National Spot Exchange Limited Page 2 of 29
_______________________________________________________________________________ Order in respect of Achievers Commercial Private Limited in the matter of National Spot Exchange Limited Page 3 of 29
_______________________________________________________________________________ Order in respect of Achievers Commercial Private Limited in the matter of National Spot Exchange Limited Page 4 of 29
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Source: SecMarx — sebi:WTM/AS/MIRSD/DOP/29867/2023-24. 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.