sebi:WTM/SM/MIRSD/DOP/14041/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Registration of Aasmaa Commodities Pvt. Ltd. (INZ000076031) as commodity derivatives broker cancelled
Provisions invoked
- s. 19
- s. 12
- s. 27
- s. 21
- s. 12(3)
- s. 131B
Regulations
- Reg. 6
- Reg. 27
- Reg. 9
- Reg. 9(b)
- Reg. 28
- Reg. 28(1)
- Reg. 25(1)
- Reg. 5(e)
Parties
- M/s Aasmaa Commodities Pvt. Ltd.
Holding
The registration of Aasmaa Commodities Pvt. Ltd. as a commodity derivatives broker (INZ000076031) is cancelled on the ground that it is not a 'fit and proper person' for holding such registration, having participated in and facilitated trading in 'paired contracts' on the NSEL platform in violation of the 2007 Exemption Notification and the FCRA.
Full text
__________________________________________________________________________________________ Final Order in respect of Aasmaa Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 1 of 26
__________________________________________________________________________________________ Final Order in respect of Aasmaa Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 2 of 26
__________________________________________________________________________________________ Final Order in respect of Aasmaa Commodities Pvt. Ltd. in the matter of National Spot Exchange Limited Page 3 of 26
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Source: SecMarx — sebi:WTM/SM/MIRSD/DOP/14041/2021-22. 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.