PRESS RELEASE - SEBI
October 17, 2002
PR No. 224/2002

SUSPENSION OF REGISTRATION

The Securities and Exchange Board of India (SEBI) has suspended M/s Sanjay Kumar Thard & Co,, member of Calcutta Stock Exchange (SEBI Reg. No. INB 030668212) for a period of six months. The penalty is imposed for not maintaining documents Register, order book and margin book, delay in payment to clients, not maintaining strict segregation between clients' funds and own funds, dealy in transfer of securities from pool account to clients' account, and failed to report off-the-floor transactions to the Stock Exchange. 

M/s Sanjay Kumar Thard & Co,, member of Calcutta Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from October 14, 2002 till April 13, 2003.