Question
SEBI cancelled the registration of how many brokerage
houses for facilitating its clients to trade on the platform of the now defunct National Spot Exchange Ltd (NSEL) in illegal 'paired contracts'?Solution
Sebi has cancelled the registration of four brokerage houses for facilitating its clients to trade on the platform of the now defunct National Spot Exchange Ltd (NSEL) in illegal 'paired contracts'. The brokerages whose registrations were cancelled were Share India Commodity Brokers, Sharewealth Commodities, CIL Commodities and Eureka Commodity Brokerage.
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