PRESS RELEASE - SEBI
November 05, 2002
PR No. 248/2002

Cancellation of Certificate of Registration

The Securities and Exchange Board of India (SEBI) has cancelled the registration of M/s Nikko Stock Brokers Pvt. Ltd., member of Bombay Stock Exchange (SEBI Reg. No. INB010974434) with immediate effect. The registration has been cancelled in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992. 

The said broker has been declared defaulter by the Bombay Stock Exchange and ceased to be member of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as broker with SEBI.

M/s Nikko Stock Brokers Pvt. Ltd. will not be entitled to carry on the business as a Stock Broker with immediate effect.


SMD