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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
101
History of entity/person MODEX COMMODITY TRADES PVT.LTD.

(PAN:AADCM7640L)

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

23-OCT-2023 		 
102
History of entity/person MULTIGAIN COMMODITIES SERVICES PVT.LTD.

(PAN:AAFCM5548K)

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

14-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 14/12/2023  
103
History of entity/person NARAYAN COMMODITY BROKERS PVT.LTD.

(PAN:AABCN6733H)

(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 17/10/2023 CONDONED THE DELAY IN FILING OF APPEAL. IN THE MEANWHILE, RESPONDENT MAY FILE REPLY AND STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
104
History of entity/person NARIMAN COMMODITY SERVICES 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 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  
105
History of entity/person NDA COMMODITY BROKERS PVT.LTD.

(PAN:AAACN2448L)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 26-JUL-2023

26-JUL-2023 		SAT: SAT VIDE ITS ORDER DATED 05/09/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
106
History of entity/person NINE STAR COMMODITIES PVT.LTD.

(PAN:AADCN4180G)

(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  
107
History of entity/person NORTEL VINCOM 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 24-JUL-2023 TO 23-OCT-2023

24-JUL-2023 		SAT: SAT VIDE ITS ORDER DATED 17/10/2023 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
108
History of entity/person NORTHEAST 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 24-JUL-2023 TO 23-OCT-2023

24-JUL-2023 		 
109
History of entity/person OMKAM 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  
110
History of entity/person P.C.S.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 20-MAR-2023 TO 19-MAR-2024

20-MAR-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 20/03/2023  
111
History of entity/person PACE COMMODITY BROKERS PVT.LTD.

(PAN:AADCP3231E)

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   SUSPENDED REGISTRATION 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  
112
History of entity/person PADMAKSHI COMMODITIES PVT.LTD.

(PAN:AADCP2756J)

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

09-AUG-2023 		SAT: SAT VIDE ITS ORDER DATED 15/09/2023 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
113
History of entity/person PARSOLI CORP.LTD.

(PAN:AABCP9030F)

(Member : NSE/BSE)  
  CEASED TO BE FIT AND PROPER PERSON TO CONTINUE IN SECURITIES MARKET   CANCELLED REGISTRATION AS STOCK BROKER FROM 21-AUG-2013

31-JUL-2013 		 
114
History of entity/person PARWATI COMMODITY MARKET 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 24-MAR-2023

24-MAR-2023 		 
115
History of entity/person PATERSON 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 31-MAR-2023

31-MAR-2023 		 
116
History of entity/person PATERSON COMMODITIES PVT.LTD.

(Member : MCX)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 13-OCT-2021

13-OCT-2021 		SAT: SAT VIDE ITS ORDER DATED 18/01/2022 ALLOWED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER MAY BE FILE ON OR BEFORE NEXT DATE. DIRECTED THAT THE EFFECT AND OPERATION OF THE IMPUGNED ORDER TO REMAIN STAYED DURING PENDENCY OF THE APPEAL

SAT: SAT VIDE ITS ORDER DATED 18/02/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER. CONDONED THE DELAY IN FILING OF APPEAL  
117
History of entity/person PEC LTD.

(Member : NSEL)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 08-OCT-2021

08-OCT-2021 		 
118
History of entity/person PINNACLE BROCOM 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 09-AUG-2023

09-AUG-2023 		SAT: SAT VIDE ITS ORDER DATED 05/09/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 30/10/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANTS THREE WEEKS TO FILE REJOINDER  
119
History of entity/person PRAGYA COMMODITY BROKERS PVT.LTD.

(PAN:AAACP3248G)

(Member : NCDEX/MCX)  
  NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER   CANCELLED REGISTRATION AS STOCK BROKER FROM 24-SEP-2021

24-SEP-2021 		SAT: SAT VIDE ITS ORDER DATED 23/11/2021 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER DURING PENDENCY OF THE APPEAL

SAT: SAT VIDE ITS ORDER DATED 18/02/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER. CONDONED THE DELAY IN FILING OF APPEAL  
120
History of entity/person PRAGYA COMMODITY BROKERS PVT.LTD.

(PAN:AAACP3248G)

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

28-APR-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  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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