PRESS RELEASE - SEBI

September 07, 2004
PR No. 216/2004

Registration of two brokers of ICSEI and 

one broker of OTCEI, cancelled

The Securities and Exchange Board of India (SEBI) has passed orders canceling the certificate of registration of the following three stock brokers with immediate effect:
 

Sr. No.

Name of the Stock Broker

SEBI Reg No.

Exchange

Date of Order

 

S. B. Stockworks Pvt. Ltd.

   INB241145037

ICSEI

27/08/2004

  

Ramniwas Chirimar

   INB241078311

ICSEI

27/08/2004

  

B. Suryanarayana

   INB200674210

OTCEI

28/08/2004

The aforesaid three stock 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 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.
 
 
Mumbai
 
September 7, 2004