May 22, 2009
PR No. 169/2009
Order against Anugrah Stock & Broking Pvt. Ltd., Member, BSE and NSE
Anugrah Stock & Broking Pvt. Ltd., Member, Bombay Stock Exchange Ltd. and Member, National Stock Exchange of India Ltd. had executed trades on May 21, 2009 on behalf of client Shri Shah Bunty Dinesh (PAN No.BOMPS6427Q), who was prohibited from trading as per SEBI order dated April 23, 2009 in the matter of Pyramid Saimira Theatre Ltd.
The action of the broker in executing trades in respect of his client despite the aforesaid prohibitory order of SEBI is a serious irregularity calling for immediate action against the broker to prevent further damage to the safety and integrity of the market and to protect the interest of investors.
In view of the emergency situation caused by the aforesaid conduct of the broker, Dr. K.M. Abraham, Whole Time Member, SEBI has passed an order dated May 22, 2009 prohibiting Anugrah Stock & Broking Pvt. Ltd., Member, BSE (SEBI Reg. No. INB011185635 & INF011185635) and Member NSE, (SEBI Reg. No. INB231185639, INF231185639 & INE231185639), from buying, selling or dealing in securities in any manner whatsoever with immediate effect until further orders.
Mumbai
May 22, 2009
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