sebi:WTM/ASB/MIRSD/DOP/29899/2023-24
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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
- Five Square Agro Gold Private Ltd.
Holding
The Noticee does not satisfy the 'fit and proper person' criteria under Schedule II of the Intermediaries Regulations, attracting disqualification and calling into question its integrity, honesty and ethical behaviour for facilitating access to NSEL paired contracts.
Full text
________________________________________________________________________________________ Order in respect of Five Square Agro Gold Private Ltd. in the matter of National Spot Exchange Ltd 2 / 22 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 Five Square Agro Gold Private Ltd. in the matter of National Spot Exchange Ltd 3 / 22 attended by Shri N. C. Maheshwari on behalf of the Noticee and argued in line with the aforementioned reply filed with SEBI.
________________________________________________________________________________________ Order in respect of Five Square Agro Gold Private Ltd. in the matter of National Spot Exchange Ltd 4 / 22 applications seeking Certificate of Registration, which were pending at the time of passing of those orders. The Noticee is a commodities derivatives broker registered with SEBI having Registration No. INZ000019639 with effect from December 25, 2015.
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Source: SecMarx — sebi:WTM/ASB/MIRSD/DOP/29899/2023-24. 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.