December 30, 1998
PR No. 352/1998

SUSPENSION OF BROKER
 
SECONDARY MARKET DEPARTMENT � DBA-I

The Securities and Exchange Board of India (SEBI) has suspended Shri Praveen Ramavat, member of Jaipur Stock Exchange (SEBI Reg. No. INB 160208214) for a period of six months. He has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for not maintaining books of accounts, irregularities in issuance of contract notes, not maintaining strict line of segregation between clients account and own account, dealing with unregistered sub brokers, not reporting off-the-floor transactions, failure to obtain client registration application form filled, delay in delivery and payment to clients and delay in rectification of bad deliveries. 
 
Shri Praveen Ramavat, member of Jaipur Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from December 31, 1998 till June 30, 1999.