WARNING TO BROKER

The Securities and Exchange Board of India (SEBI) has warned M/s Sanjay C. Baxi, member of Bombay Stock Exchange (SEBI Reg. No INB 010442123) for not maintaining Margin Register, dealing with unregistered sub brokers, not entering into agreement with few clients, non-segregation of clients funds with own funds, dealing with broker of other stock exchange without getting registered as sub broker, irregularities in respect of contract notes and delay in payment/delivery of funds/shares to clients, 
 
The warning has been served in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992.