October 05, 1998
PR No. 272/1998

SUSPENSION OF M/s RAJESHWARI & Co.
MEMBER, COIMBATORE STOCK EXCHANGE
SECONDARY MARKET DEPT.

The Securities and Exchange Board of India (SEBI) has suspended M/s Raja Rajeshwari & Co., member of Coimbatore Stock Exchange (SEBI Reg. No. INB 210509017) for a period of three months. They have been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for irregularities in issuance of contract notes to the clients, not maintaining margin book, charging �gala�, delay in delivery to the clients, not effecting delivery/payment against transactions done on spot basis, non-segregation of clients� fund from proprietary funds, failed to submit audit report to the Stock Exchange on due date, delay in rectifying bad deliveries and indulging in unofficial carry forward transactions. 
 
M/s Raja Rajeshwari & Co., member of Coimbatore Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from October 15, 1998 till January 14, 1999.