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For full copy of order against BIPIN R.VORA, click here.

For full copy of order against BIPIN R.VORA,M/S, click here.

For full copy of order against LOHIA SECURITIES PVT.LTD., click here.

For full copy of order against SALASAR STOCK BROKING LTD., click here.

For full copy of order against TOWER CAPITAL & SECURITIES PVT.LTD., click here.

For full copy of order against TWENTY FIRST CENTURY SHARES & SECURITIES LTD., click here.

PRESS RELEASE - SEBI

January 04, 2006
PR No. 04/2006

SEBI issues warning to five stock brokers

Securities and Exchange Board of India (SEBI) has passed orders dated December 30, 2005, warning Bipin Ratilal Vora (SEBI Regn. No. INB010004416), member of the Bombay Stock Exchange Ltd., Mumbai, M/s. Tower Capital and Securities Pvt. Ltd. (SEBI Regn. No. INB230599736), M/s. Salasar Stock Broking Ltd. (SEBI Regn. No. INB230752635), M/s. Twenty First Century Shares & Securities Ltd. (SEBI Regn. No. INB230690931) and M/s. Lohia Securities Pvt. Ltd. (SEBI Reg. No. INB230777836), all four members of National Stock Exchange. 
 
These orders have been passed by Shri Madhukar, Whole Time Member, SEBI, against Bipin Ratilal Vora, M/s. Tower Capital and Securities Pvt. Ltd., M/s. Salasar Stock Broking Ltd., M/s. Twenty First Century Shares & Securities Ltd. and M/s. Lohia Securities Pvt. Ltd. for non segregation of client funds from own funds, delay in payment of funds and delivery of securities, certain irregularities in the issuance of contract notes, some procedural deficiencies in client registration forms, few instances of trade transfers etc.
 
 
Mumbai
 
January 04, 2006

 
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