PRESS RELEASE - SEBI
September 18, 2002
PR No. 188/2002

CANCELLATION OF REGISTRATION

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

S.N,
Broker
Reg. No.
  S. M. Kanitkar
INB110526912
  Chandrakant Kanayalal Rathi
INB110240810
  Paras T. Gandhi
INB110246814
  J. L. Wagh
INB110238812
  C. S. Karkhanis
INB110250712
  Popular Share & Stock Brokers Pvt. Ltd.
INB110780632
  Harish Kadam & Co. Sec. P. Ltd.
INB111016039

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 Stock Exchange and ceased to be members of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as brokers with SEBI.