May 28, 1998
PR No. 126/1998

CANCELLATION OF MERCHANT BANKING REGISTRATION
PRIMARY MARKET DEPARTMENT

The Securities and Exchange Board of India (SEBI) has canceled the certificate of registration of Suraj Securities and Finance Ltd., a Category I Merchant banker w.e.f. April 1, 1998 for not submitting information as prescribed by SEBI on employees involved in merchant banking activities in terms of Regulation 37 read with Regulation 36(1)(ii)(a) of SEBI (Merchant Bankers) Rules and Regulations, 1992.