Brief: India's 5Paisa Capital Says Court Stays MCX's Order Restricting Onboarding Of New Clients

5Paisa Capital

15/03/2024 15:32

March 15 (Reuters) - 5Paisa Capital Ltd  PAIS.NS :
    * MULTI COMMODITY EXCHANGE OF INDIA IMPOSED RESTRICTION ON
CO WITH
REGARD TO ONBOARDING OF NEW CLIENTS
    * MCX ORDER TO RESTRICT ONBOARDING OF NEW CLIENTS ACROSS ALL
SEGMENTS WITH IMMEDIATE EFFECT
    * RESTRAIN SHALL CONTINUE TILL CO SUBMITS COMPLETE ROOT
CAUSE
ANALYSIS ALONG WITH DOCUMENTARY EVIDENCE
    * COMPANY FILED WRIT PETITION BEFORE BOMBAY HIGH COURT
CHALLENGING
THE ONBOARDING RESTRICTION OF NEW CLIENTS
    * COURT WAS APPRAISED BY COUNSEL REPRESENTING MCX THAT
ONBOARDING
ORDER WILL NOT BE ACTED UPON BY MCX
    * ACCORDINGLY, THERE IS NO RESTRICTION ON THE COMPANY TO
ONBOARD
NEW CLIENTS

Source text for Eikon:  ID:nNSE4St7L9 
Further company coverage:  PAIS.NS 

 ((Reuters.Briefs@thomsonreuters.com;))