PRESS RELEASE - SEBI
November 05, 2002
PR No. 247/2002

Cancellation of Certificate of Registration

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

S.N.

Broker

SEBI Reg No.

 

Shri Naveen Fernandes

INB140384115

 

M/s Maxgain Finlease (P) Ltd.

INB140957835

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.


SMD