PRESS RELEASE - SEBI

July 09, 1998
PR No. 178/1998

SUSPENSION / CANCELLATION OF MERCHANT 
BANKING REGISTRATION

PRIMARY MARKET DEPARTMENT

The Securities and Exchange Board of India (SEBI) has suspended and cancelled three merchant banker for their failure to pay annual registration fees.
 
Details are given below:
 
 

Name of the Merchant Banker (CAT) Suspension/Cancellation W.E.F REMARK
 

Madhumilan Fincorp (cat - I)

 

 

Cancelled

 

June 15, 1998

 

Cancelled

 

Krishna Murari Agarwal & Co 

(Cat - IV)

 

Suspended

 

June 17, 1998

 

suspended till the remaining period of registration 

(i.e. 31/05/99)

 

M & V Assoc.

Cat - IV

 

Suspended June 19,

1998

Suspended till the remaining period of registration

(i.e. 30/06/99)