Circular No: NCDEX/COMPLIANCE-003/2012/031 Date: January 30, 2012
Please refer to our circular no. NCDEX/COMPLIANCE-002/2012/028 dated January 24, 2012 on Regulatory Action by Forward Markets Commission.
Forward Markets Commission has, vide its Orders dated January 27, 2012 partially modified the operative parts of its Order dated January 20, 2012 against M/s Shresth Commodities & Financial Services Pvt. Ltd. and its Order dated January 20, 2012 against M/s Vinod Commodities Ltd.
Pursuant to above stated Orders of Forward Markets Commission, the paragraph 1 (b) and paragraph 2
(b) of Exchange circular NCDEX/COMPLIANCE-002/2012/028 dated January 24, 2012 be read as follows:
1. M/s Shresth Commodities & Financial Services Pvt. Ltd. (TMID – 00097) (NCDEX/TCM/CORP/0171) (PAN No: AABCS9009F).
b. Shri. Subhash Jain (PAN No: ADGPJ6926R), Director of M/s Shresth Commodities & Financial Services Pvt. Ltd. is hereby prohibited from entering into any forward contract for sale or purchase in his own name or through another member of recognized association of any goods or class of goods for a period of six months from the date of the order i.e. from 20.01.2012.
2. M/s Vinod Commodities Ltd. (TMID – 00363) (NCDEX/TCM/PROP/0351) (PAN No: AAECS9380A).
b. Shri Vinod Singhvi (PAN No: AIAPS0053M), Director of M/s Vinod Commodities Ltd. Is hereby prohibited from entering into any forward contract for sale or purchase in his own name or through another member of recognized associations of any goods or class of goods for a period of one year from the date of the order i.e. from 20.01.2012.
Members are requested to take note of the above.
For and on behalf of
National Commodity & Derivatives Exchange Limited
Jayant Nalawade
Executive Vice President – Exchange Operations
For further information / clarifications, please contact
1. Customer Service Group on phone: 022 6640 6613 -15, 011 2334 4795
2. Customer Service Group by e-mail to : askus@ncdex.com
