PRESS RELEASE - SEBI
May 27, 2002
Ref.No.PR 103/2002

ACTION AGAINST THE BROKER 
 
The Securities and Exchange Board of India (SEBI) has suspended M/s G. R. Kholi & Co., member of Delhi Stock Exchange (SEBI Reg. No. INB050085611) for a period of four months for not issuing contract notes to all the clients, irregularities in issuance of contract notes, not  maintaining complete client database and agreement with the clients etc. 

M/s G. R. Kholi & Co., member of Delhi Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from May 30, 2002 till September 29, 2002.