June 21, 2004
PR No. 129/2004

SUSPENSION OF CERTIFICATE OF REGISTRATION OF
M/S. LRM SECURITIES LTD., MEMBER OF THE DELHI STOCK EXCHANGE

The Securities and Exchange Board of India (SEBI) has passed an order dated June 17, 2004 suspending the certificate of registration granted to M/s. LRM Securities Ltd., (SEBI Registration No. INB050988137), member of the Delhi Stock Exchange for a period of three (3) months with effect from July 08, 2004. 

The order has been passed by the Whole Time Member, SEBI against M/s. LRM Securities Ltd. for irregularities in issuance of Contract Notes, non-segregation of own funds and client funds, dealing with unregistered sub-brokers, acting as an unregistered sub-broker, failure to make payment of monies to clients in time, failure to extend due co-operation to the inspecting authorities and attempting to mislead the enquiry officer and SEBI etc. 

M/s. LRM Securities Ltd. member of the Delhi Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from July 08, 2004 till October 07, 2004.

Mumbai,
 
June 21,2004