January 16, 2007
PR No. 17/2007
Prohibition on opening of fresh demat accounts by M/s. Pravin Ratilal Share and Stock Brokers Ltd., lifted
Dr. T.C.Nair, Whole Time Member, SEBI has vide his post hearing order on January 16, 2007 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by M/s. Pravin Ratilal Share and Stock Brokers Ltd. a Depository Participant need not continue. The order further states that all issues and contentions are left open to be considered by the Enquiry Officer and to be decided in subsequent proceedings pursuant to his report.
Mumbai
January 16, 2007
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