Sebi cancels Siddhi Vinayak Commodities' registration in NSEL case
The act of the noticee (Siddhi Vinayak Commodities) of executing trades in the 'paired contracts', which did not have requisite regulatory approval, raises doubts on the competence of the noticee to act as a registered securities market intermediary, Sebi said in the order.
Sebi has asked the broker to allow its existing clients to withdraw or transfer their securities or funds held in its custody within 15 days. Photo: PTI