PRESS RELEASE - SEBI

November 27, 1998
PR No. 324/1998

MERCHANT BANKERS CANCELLED BY SEBI DURING
 
THE MONTH OF SEPTEMBER AND OCTOBER. 


MERCHANT BANKING DIVISION

Registration of the Merchant Bankers given below have expired during the period 01/09/98 to 30/09/98 and 01/10/98 to 31/10/98. These Merchant bankers have also not filed application for renewal of registration. Accordingly these entities have been advised to cease their Merchant Banking activities from the date of expiry of their registration.
 

Sr.No
 Name of the Merchant Banker
Category
 Reg. Till Date
1
 Agricultural Finance Corpn. Ltd.
IV
 30.09.98
2
 American Fiscal Ser.Pvt..Ltd.
III
 30.09.98
3
 Arihant Capital Mkts. Ltd.
II
 15.09.98
4
 D.M.Kothari & Associates
IV
 30.09.98
5
 Goldcrest Finance (India) Ltd.
I
 15.09.98
6
 Indo-Castle Finance Ltd.
II
 15.09.98
7
 Nouveau Finance Ltd.
II
 30.09.98
8
 Popular Stock & Share Ser.Ltd.
II
 15.09.98
9
 Punjab Financial Corporation.
I
 15.09.98
10
 Zuari Finance Ltd.
I
 30.09.98
11
 Baheti Bhadada & Associates *(S)
IV
 31.10.98
12
 Brijlaxmi Leasing & Finance Ltd. *(S)
III
 31.10.98
13
 Costplus Credit Capital Ltd. *(S)
II
 31.10.98
14
 Dani & Merchants�s Fin Prod.&Ser.(I).Ltd.
II
 15.10.98
15
 GSL Securities Ltd.
II
 15.10.98
16
 JDS Capital Mkts. Pvt.Ltd.
IV
 15.10.98
17
 Jay Vijay Corporate Fin Ser Ltd
III
 15.10.98
18
 Twenty First Century Capitals Ltd.
I
 31.10.98

*S : Suspended till expiry of registration pursuant to order issued by Chairman SEBI