sebi:WTM/ASB/MIRSD/DOP/29762/2023-24
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 bearing No. INZ000060134 suspended for a period of three months or till disposal of FIR filed with EOW, whichever is later
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 154
Regulations
- Reg. 6
- Reg. 9
- Reg. 28
- Reg. 27
- Reg. 5(e)
Parties
- Fort Comtrade Private Limited
Holding
Fort Comtrade Private Limited was held not to satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations and its Certificate of Registration as a commodities derivatives broker was suspended for three months or till disposal of the EOW FIR, whichever is later.
Full text
________________________________________________________________________________________ Order in respect of Fort Comtrade Pvt. Ltd. in the matter of National Spot Exchange Ltd. 2 / 20 it. The SCN further required the Noticee to submit its reply, if any, within 21 days of receipt of the same. The SCN was duly served upon the Noticee.
________________________________________________________________________________________ Order in respect of Fort Comtrade Pvt. Ltd. in the matter of National Spot Exchange Ltd. 3 / 20 September 13, 2023, for which the notice of hearing was duly served upon the Noticee. During the personal hearing, Shri Gautam Agarwal (Authorised Representative) appeared on behalf of the Noticee and made arguments in line with the aforementioned replies filed with SEBI.
________________________________________________________________________________________ Order in respect of Fort Comtrade Pvt. Ltd. in the matter of National Spot Exchange Ltd. 4 / 20 CONSIDERATION OF ISSUES AND FINDINGS
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/ASB/MIRSD/DOP/29762/2023-24. 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.