PRESS RELEASE - SEBI

  January 23, 2007
PR No. 27/2007

Prohibition on opening of fresh demat accounts by M/s. Khandwala Integrated Financial Services Pvt. Ltd., lifted

Dr. T.C.Nair, Whole Time Member, SEBI has vide his post hearing order on January 22, 2007 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by M/s. Khandwala Integrated Financial Services Pvt. 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 23, 2007


 

For full copy of order against IPO INVESTIGATIONS � KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD. click here.