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October 11, 2002
PR No. 216/2002
Cancellation of Registration of Brokers
The Securities and Exchange Board of India (SEBI) has cancelled the registrations of the following brokers of Ludhiana Stock Exchange with immediate effect:
| S.
N. |
Broker |
Reg.
No. |
-
|
Praveen Kumar Jain
|
INB120315216 |
-
|
Ashok Kapoor
|
INB120307517 |
-
|
Ashok Rani Malik
|
INB120308810 |
-
|
Mohanbir Singh
|
INB120629819 |
-
|
Premjit Singh Sidhu
|
INB120703913 |
-
|
Ashok Kumar Gupta
|
INB120309711 |
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 Ludhiana Stock Exchange and ceased to be members of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as brokers with SEBI.
SMD
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