January 14, 1999
PR No. 17/1999
SUSPENSION OF VIKALP SECURITIES LTD.
SECONDARY MARKET DEPT. – DBA-I
The Securities and Exchange Board of India (SEBI) has suspended
M/s Vikalp Securities Ltd., member of Uttar Pradesh Stock Exchange (SEBI Reg. No. INB100726335) for a period of two
months. He has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for indulging in carry-forward transactions.
M/s Vikalp Securities Ltd., member of Uttar Pradesh Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from January 19, 1999 till March 18, 1999.
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