sebi:WTM/ASB/MIRSD/DOP/29821/2023-24
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Facts / Headnote
Certificate of registration (INZ000055825) of Milind Vijaybhai Thakkar suspended for three months from the date of the Order or till disposal of the EOW FIR, whichever is later; DA's recommendation for cancellation not adopted; application for surrender of registration to be considered by SEBI.
Provisions invoked
- s. 19
- s. 12
- s. 29
- s. 12(3)
- s. 154
- s. 27(1)
- s. 29A
- s. 131B
Regulations
- Reg. 27
- Reg. 5
- Reg. 28(2)
- Reg. 9(b)
- Reg. 28(1)
- Reg. 5(e)
Parties
- Milind Vijaybhai Thakkar
Holding
The Noticee, Milind Vijaybhai Thakkar, failed to continuously satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations in light of his involvement in trading/facilitation of paired contracts on NSEL. Consequently, his certificate of registration as a commodities derivatives broker was suspended for three months from the date of the Order or till disposal of the EOW FIR, whichever is later.
Full text
__________________________________________________________________________________________ Order in respect of Milind Vijaybhai Thakkar in the matter of National Spot Exchange Limited
__________________________________________________________________________________________ Order in respect of Milind Vijaybhai Thakkar in the matter of National Spot Exchange Limited
__________________________________________________________________________________________ Order in respect of Milind Vijaybhai Thakkar in the matter of National Spot Exchange Limited
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Source: SecMarx — sebi:WTM/ASB/MIRSD/DOP/29821/2023-24. 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.