December 31, 1997
PR No. 172/1997

SUSPENSION OF M/s. A.M. & Co. 
Secondary Market Dept.

The Securities and Exchange Board of India (SEBI) has suspended M/s A. M. & Co., member of Uttar Pradesh Stock Exchange, for a period of two months with effect from January 15, 1998. M/s A. M. & Co. has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for not maintaining Margin deposit Book, for not obtaining written consent from clients for transactions entered on Principal to Principal basis and indulging in carry forward transactions which is not permitted in UP Stock Exchange. 
 
M/s A. M. & Co. will not be entitled to carry on the business as a Stock Broker with effect from January 15, 1998 till March 14, 1998.