sebi:WTM/SM/NRO/NRO/21187/2022-23
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Facts / Headnote
Certificates of registration of both Noticees cancelled with immediate effect
Regulations
- Reg. 6
- Reg. 3(a)
- Reg. 9
- Reg. 27
- Reg. 9(b)
- Reg. 26(1)
- Reg. 12(1)
Parties
- Amrapali Aadya Trading & Investments Pvt. Ltd. (AATIPL)
- Aadya Commodities Pvt. Ltd. (ACPL)
Holding
SEBI cancelled the certificates of registration of Amrapali Aadya Trading & Investments Pvt. Ltd. and Aadya Commodities Pvt. Ltd. for non-cooperation with investigation, non-segregation and misappropriation of clients' funds and securities, falsification of records, running a fixed-return scheme, and failure to redress investor grievances.
Full text
__________________________________________________________________________________ Order in the Enquiry Proceedings against Amrapali Aadya Trading & Investments Pvt. Ltd. and Aadya Commodities Pvt. Ltd. Page 2 of 33 MSEI Equity derivative INF261183439 Equity INB261183439 2 Aadya Commodities Pvt. Ltd.
__________________________________________________________________________________ Order in the Enquiry Proceedings against Amrapali Aadya Trading & Investments Pvt. Ltd. and Aadya Commodities Pvt. Ltd. Page 3 of 33 to as the "investigation period”). However, wherever deemed necessary references have also been made by the DA to the period falling outside the investigation period. 4.1. Sections 12 (1), 12 (1A), 12A (a), (b) and (c) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”). 4.2. Regulations 3(a), (b), (c) and (d) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”). 4.3. Circular no. SMD/SED/CIR/93/23321 dated November 18, 1993. 4.4. SEBI Circular no. SEBI/MRD/SE/Cir-33/2003/27/08 dated August 27, 2003. 4.5. Clauses 15 and 33 of Rights and Obligations document for Stock Broker, Sub- Brokers and Clients as prescribed in Annexure 4 of the SEBI Circular no. CIR/MIRSD/ 16/2011 dated August 22, 2011. 4.6. Regulations 9 (b), (e) and (f) and Clauses A (1) to (5) of the Code of Conduct prescribed for the Stock brokers under regulation 9 of SEBI (Stock Brokers and Sub-brokers) Regulations, 1992 (hereinafter referred to as “Stock Brokers Regulations”). 4.7. Rule 8(3)(f) of Securities Contracts (Regulation) Rules, 1957. 4.8. Clause 12 of SEBI Circular no. MIRSD/SE/Cir-19/2009 dated December 3, 2009. 4.9. SEBI Circular SEBI/HO
__________________________________________________________________________________ Order in the Enquiry Proceedings against Amrapali Aadya Trading & Investments Pvt. Ltd. and Aadya Commodities Pvt. Ltd. Page 4 of 33 and (xvii) of Stock Brokers Regulations, I hereby recommend cancellation of the certificate of registration granted to the following Noticee: Noticee No. Registration No. - AmrapaliAadya Trading & Investment Pvt. Ltd. (AAECA3909P) Registration No. - INE231183436, INF231183436, INB231183436, INF011183432, INB011183432, INF261183439 and INB261183439 ” ACPL: “Considering the above facts and circumstances of the case, in terms of the provisions of Regulation 26(1)(ii) of the Intermediaries Regulations read with Regulation 12(1) of the PFUTP Regulations and Regulations 27 (ii), (iii), (iv), (vii), (ix), (xiv), (xv), (xvi) and (xvii) of Stock Brokers Regulations, I hereby recommend cancellation of the certificate of registration granted to the following Noticee: Noticee No. Registration No. - Aadya Commodities Pvt. Ltd. (AAHCA2094C) Registration No. - INZ000028637 ”
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Source: SecMarx — sebi:WTM/SM/NRO/NRO/21187/2022-23. 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.