sebi:WTM/ASB/MIRSD/DOP/29820/2023-24

SEBI · SEBI · 2013-12-17 · Ashwani Bhatia, Whole Time Member

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Certificate of registration suspended for three months or until disposal of FIR, whichever is later

Provisions invoked

Regulations relied on

Parties

Holding

The Noticee, Ratnakar Commodities Pvt. Ltd., failed to continuously satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations by facilitating clients' access to 'paired contracts' on NSEL that were in violation of the Exemption Notification and FCRA. Its certificate of registration as a commodities derivatives broker was suspended for three months from the date of the Order or until disposal of the FIR filed with EOW, whichever is later.

Full text

__________________________________________________________________________________________ Order in respect of Ratnakar Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited

__________________________________________________________________________________________ Order in respect of Ratnakar Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited

__________________________________________________________________________________________ Order in respect of Ratnakar Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited

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Source: SecMarx — sebi:WTM/ASB/MIRSD/DOP/29820/2023-24. 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.