The registration has been cancelled for allegedly violating broker norms, including furnishing false details to obtain recognition as a market intermediary, SEBI said in a release
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Mudra Bullions Pvt Ltd, a member of the MCX Stock Exchange, for allegedly violating broker norms, including furnishing false details to obtain recognition as a market intermediary.
A probe by the market regulator has found that it had prohibited Mudra directors—Karul P Shah and Anand B Hundia—from dealing in the securities market by an interim order dated April 23, 2009 for their alleged role in Pyramid Saimira Theatre case.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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