This card cannot attack in the same turn it is Normal Summoned, Flip Summoned, or Special Summoned. During each of your and your opponent's Standby Phases, remove 1 Spell Counter on your side of the field. If you do not, destroy this card.
Nope, just tested with Paradox Bros's no effect condition. Both the inability to attack the turn summoned and destroying itself when there's no spell counters occured. I think No Effect is only for effects you can actively control, while this is an uncontrollable passive one.