PRESS RELEASE - SEBI
July 30, 2002
PR No. 139/2002

ACTION AGAINST THE BROKER

The Securities and Exchange Board of India (SEBI) has cancelled the registrations of the following brokers with immediate effect:
 

S.N.
Brokers
SEBI Reg. No.
 1 M/s Ashok Kumar Poddar INB 030038711
 2 M/s Prema Poddar INB 030670416 
 3 M/s Raj Kumar Poddar  INB 030972316
 4 M/s Ratan Lal Poddar  INB 031031116
 5 M/s Doe Jones Investments & Consultants Pvt. Ltd. INB 031119234
 6 M/s Arihant Exim Scrip Pvt. Ltd. INB 031119135
 7 M/s Tripoli Consultancy Servies Pvt. Ltd. INB 031127534
 8 M/s Harish Chandra Biyani INB 030048212
 9 M/s Biyani Securities (P) Ltd. INB 030795439

The registrations have been cancelled in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992. 

The said brokers were declared defaulters by the Calcutta Stock Exchange and not readmitted within a period of six months from the date of being declared defaulters and ceased to be members of the Exchange. Thereby, failed to fulfill the pre-requisite condition of registration as brokers with SEBI.