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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: NOT A FIT AND PROPER PERSON

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
41
History of entity/person DAGA COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 25-APR-2023

25-APR-2023 		SAT: SAT VIDE ITS ORDER DATED 08/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
42
History of entity/person DYNAMIC COMMODITIES PVT.LTD.

(PAN:AABCD8264F)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-DEC-2023 TO 10-MAR-2024

11-DEC-2023 		SAT: SAT VIDE ITS ORDER DATED 14/03/2024 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 11/12/2023  
43
History of entity/person E F COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 23-FEB-2023

23-FEB-2023 		 
44
History of entity/person EMKAY COMMOTRADE LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 09-JUN-2023

09-JUN-2023 		SAT: SAT VIDE ITS ORDER DATED 13/07/2023 DIRECTED REPLY TO BE FILED WITHIN TWO WEEKS AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 08/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER  
45
History of entity/person EUREKA COMMODITY BROKERAGE PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 28-FEB-2023

28-FEB-2023 		SAT: SAT VIDE ITS ORDER DATED 03/05/2023 DIRECTED RESPONDENT TO FILE REPLY. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL NEXT DATE OF LISTING

SAT: SAT VIDE ITS ORDER DATED 18/05/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED ON 21/06/2023. INTERIM RELIEF TO CONTINUE TILL FURTHER ORDERS  
46
History of entity/person EXCEL COMMODITY & DERIVATIVE PVT.LTD.

(PAN:AAECA4882H)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 28-SEP-2023

28-SEP-2023 		SAT: SAT VIDE ITS ORDER DATED 06/12/2023 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER AS IT RELATES TO APPELLANT TILL NEXT DATE OF LISTING

SAT: SAT VIDE ITS ORDER DATED 12/12/2023 DISPOSED OF THE GROUP OF APPEALS BY DIRECTING SEBI TO CONSIDER AND COME OUT WITH A SCHEME UNDER SETTLEMENT REGULATIONS PREFERABLY WITHIN THREE MONTHS FROM DATE OF THIS ORDER. IN THE EVENT, SCHEME NOT FRAMED UNDER SETTLEMENT REGULATIONS BY SEBI THEN SAID DECISION TO BE COMMUNICATED TO ALL APPELLANTS  
47
History of entity/person FAIR INTERMEDIATE PRODUCTS PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 31-MAR-2023

31-MAR-2023 		SAT: SAT VIDE ITS ORDER DATED 20/06/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF THE IMPUGNED ORDER TILL NEXT DATE OF THE LISTING

SAT: SAT VIDE ITS ORDER DATED 08/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER  
48
History of entity/person FIVE SQUARE AGRO GOLD PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-DEC-2023 TO 26-MAR-2024

27-DEC-2023 		 
49
History of entity/person FORT COMTRADE PVT.LTD.

(PAN:AAACF9562B)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-NOV-2023 TO 16-FEB-2024

17-NOV-2023 		SAT: SAT VIDE ITS ORDER DATED 14/03/2024 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 17/11/2023  
50
History of entity/person FORTUNE EQUITY BROKERS (INDIA) LTD.

(Member : NSE)  
Click here to view complete history of this specific entity/person J.T.POONJA
  		PENDING ENQUIRIES (I) IN MATTER OF NEDUNGADI BANK LTD. (II) AGAINST ASSOCIATE CO. FORTUNE FINANCIAL SERVICES (INDIA) LTD. IN MATTER OF MIRC ELECTRONICS LTD. (III) AS A BROKER OF NSE UNDER THE PROVISION OF THE SEBI (PROCEDURE FOR HOLDING ENQUIRY BY ENQUIRY OFFICER TO IMPOSING PENALTY, REGULATION) 2002

MONETARY PENALTY IMPOSED ON J.T.POONJA, DIRECTOR OF THE APPLICANT COMPANY   		REJECTED APPLICATION FOR REGISTRATION AS STOCK BROKER FOR DERIVATIVES MARKET

17-AUG-2004 		 
51
History of entity/person GANDHI COMMODITIES LLP

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 20-DEC-2023 TO 19-MAR-2024

20-DEC-2023 		 
52
History of entity/person GANESH COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 30-NOV-2023

30-NOV-2023 		SAT: SAT VIDE ITS ORDER DATED 05/01/2024 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 30/11/2023  
53
History of entity/person GAUTAM LABDHI COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-DEC-2023 TO 20-MAR-2024

21-DEC-2023 		SAT: SAT VIDE ITS ORDER DATED 05/01/2024 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 21/12/2023  
54
History of entity/person GEPL COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 22-NOV-2023 TO 21-FEB-2024

22-NOV-2023 		SAT: SAT VIDE ITS ORDER DATED 20/12/2023 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 14/03/2024 ALLOWED EXTENSION OF FOUR MONTHS W.E.F.11/03/2024 FOR COMING OUT WITH A SCHEME UNDER SEBI (SETTLEMENT PROCEEDINGS) REGULATIONS, 2018 AS DIRECTED BY THIS TRIBUNAL VIDE ORDER DATED 12/12/2023  
55
History of entity/person GLOBE COMMODITIES LTD.

(PAN:AAACM0267E)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 14-DEC-2023 TO 13-MAR-2024

14-DEC-2023 		SAT: SAT VIDE ITS ORDER DATED 19/12/2023 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 14/03/2024 ALLOWED EXTENSION OF FOUR MONTHS W.E.F.11/03/2024 FOR COMING OUT WITH A SCHEME UNDER SEBI (SETTLEMENT PROCEEDINGS) REGULATIONS, 2018 AS DIRECTED BY THIS TRIBUNAL VIDE ORDER DATED 12/12/2023  
56
History of entity/person GOLDMINE COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 14-DEC-2023 TO 13-MAR-2024

14-DEC-2023 		SAT: SAT VIDE ITS ORDER DATED 14/03/2024 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 14/12/2023  
57
History of entity/person GRD COMMODITIES LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 23-NOV-2023

23-NOV-2023 		SAT: SAT VIDE ITS ORDER DATED 05/01/2024 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 20/06/2024 STAYED THE IMPUGNED ORDER 23/11/2023  
58
History of entity/person GRESHMA COMMODITIES PVT.LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 28-FEB-2023

28-FEB-2023 		SAT: SAT VIDE ITS ORDER DATED 03/05/2023 DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL NEXT DATE OF LISTING

SAT: SAT VIDE ITS ORDER DATED 18/05/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED ON 21/06/2023. INTERIM RELIEF TO CONTINUE TILL FURTHER ORDERS  
59
History of entity/person GUINESS COMMODITIES PVT.LTD.

(PAN:AAACG9869L)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION AS STOCK BROKER FROM 31-OCT-2023 TO 30-JAN-2024

31-OCT-2023 		 
60
History of entity/person HARDIK MULTI-COM BROKING PVT.LTD.

(PAN:AABCV8876F)

(Member : MCX)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 20-APR-2023

20-APR-2023 		SAT: SAT VIDE ITS ORDER DATED 18/05/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 08/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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