PRESS RELEASE - SEBI

December 03, 2005
PR No. 02/2005

Registration of various stock brokers, cancelled

The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of the following ten stock brokers with immediate effect:

Sr. No.

Name of the broker

SEBI Regn. No.

Exchange

1

M/s. Devatha Holding Pvt. Ltd.

INB200929135

OTCEI 

2

M/s. Westfin Securities Ltd.

INB090781038

CoSE

3

Mohammed Sadiq Ali B      

INB090300618

CoSE

4

U K Sashidharan

INB090271911

CoSE

5

Thangam Jacob

INB090295016

CoSE

6

M/s. Sunam Securities Pvt. Ltd.     

INB090966239

CoSE

7

Sreeja Ramesh

INB090273018

CoSE

8

Shibu Madhawan Kartha

INB090300716

CoSE

9

Sri Kanth Kulkarni

INB090702812

CoSE

10

M/s. Raju & Co.

INB090279913

CoSE

OTCEI � Over the Counter Exchange of India
 
CoSE - Cochin Stock Exchange
 
 
The aforesaid ten stock brokers were declared defaulters / expelled by the respective Stock Exchanges and ceased to be members of the Exchanges, 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
 
January 03, 2005