December 30, 1998
PR No. 350/1998

SUSPENSION OF BROKER.
 
SECONDARY MARKET DEPARTMENT � DBA-I

The Securities and Exchange Board of India (SEBI) has suspended Shri Rakesh Kumar Agarwal, member of Madhya Pradesh Stock Exchange (SEBI Reg. No. INB 070165010) for a period of six months or till such time the broker comes forward before SEBI for the inspection of books of accounts, whichever is later. He has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for failing to furnish books of accounts and other documents for inspection to the SEBI Inspecting Team. 
 
Shri Rakesh Kumar Agarwal, member of Madhya Pradesh Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from January 07, 1999 till July 06, 1999 or till such time he comes forward before SEBI for the inspection of books of accounts, whichever is later.