May 05, 1998
PR No. 99/1998

SUSPENSION OF M/s WYSCARE SECURITIES (P) LTD.
MEMBER, BANGALORE STOCK EXCHANGE
SECONDARY MARKET Dept.


TEXT

The Securities and Exchange Board of India (SEBI) has suspended M/s WYSCARE SECURITIES (P) LTD., a member of Bangalore Stock Exchange, for a period of six months with effect from May 15, 1998. M/s WYSCARE SECURITIES (P) LTD. have been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992 for violating Rule 4 (c) of SEBI (Stock Brokers and Sub-Brokers) Rules, 1992 i.e. failure to intimate SEBI about the change in the status of the company and continue to buy, sell or deal in securities in the Stock Exchange. 
 
M/s WYSCARE SECURITIES (P) LTD. will not be entitled to carry on the business as a Stock Broker with effect from 15th May, 1998 to 14th November, 1998.