For full copy of order against POPULAR STOCK & SHARE SERVICES LTD., click here.

PRESS RELEASE - SEBI
November 20, 2003
PR No. 281/2003

CANCELLATION OF CERTIFICATE OF REGISTRATION OF 

A STOCK – BROKERS OF NATIONAL STOCK EXCHANGE OF INDIA

The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of M/s. Popular Stock & Share Services Ltd. (SEBI Regn. No. INB230644232) erstwhile member of NSEI with immediate effect:


The aforesaid Stock-Broker was expelled from the Stock Exchange and ceased to be a member of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as Stock-Broker with SEBI.


The registration has been cancelled in terms of Sub-Regulation (5) of Regulation 16 of SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002.