sebi:WTM/ASB/MIRSD/DOP/29874/2023-24
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Facts / Headnote
Prohibition on taking up any new clients qua stock broker activities in the commodity segment for a period of three months from the date of the order or till the FIR ceases to be pending or the Noticee is discharged/acquitted, whichever is later
Provisions invoked
- s. 19
- s. 11(4)
- s. 11B
- s. 12
- s. 27
- s. 154
- s. 29A
- s. 131B
- s. 131
Regulations
- Reg. 6
- Reg. 9
- Reg. 28
- Reg. 27
- Reg. 5(e)
Parties
- SKI Consultancy Services Ltd.
Holding
The Noticee, SKI Consultancy Services Ltd., failed to satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations on a continuous basis, and was prohibited from taking up any new clients as a stock broker in the commodity segment for three months or until the FIR against it ceases to be pending, whichever is later.
Full text
____________________________________________________________________________________ Order in respect of SKI Consultancy Services Ltd. in the matter of National Spot Exchange Ltd. 2 / 23
____________________________________________________________________________________ Order in respect of SKI Consultancy Services Ltd. in the matter of National Spot Exchange Ltd. 3 / 23
____________________________________________________________________________________ Order in respect of SKI Consultancy Services Ltd. in the matter of National Spot Exchange Ltd. 4 / 23
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Source: SecMarx — sebi:WTM/ASB/MIRSD/DOP/29874/2023-24. 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.