September 15, 2004
PR No. 230/2004

Registration of Shri U.Ramadas Mallya, Member of MgSE, cancelled

The Securities and Exchange Board of India (SEBI) has passed an order dated September 09, 2004 canceling the certificate of registration of Shri U Ramdas Mallya (SEBI Registration No. INB140383919) erstwhile member of Mangalore Stock Exchange with immediate effect.
 
The aforesaid stock broker was expelled by Mangalore Stock Exchange and ceased to be 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.
 
 
Mumbai
 
September 15, 2004