Suspension of certificate of registration of M/s Prakash Chand Baid, member of CSE

The Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of M/s Prakash Chand Baid, member of CSE (SEBI Reg. No. INB030827516) for a period of four months. The penalty is imposed for dealing in off-market transactions, non-segregation of clients’ funds and own funds and indulged in fund based activities. 
 
M/s Prakash Chand Baid, member of CSE will not be entitled to carry on the business as a Stock Broker with effect from August 19, 2003 till December 18, 2003.