PRESS RELEASE - SEBI
January 15, 1999
PR No. 19/1999

SUSPENSION OF J.V. STOCK BROKING PVT. LTD. 
 
SECONDARY MARKET DEPT. DBA-I

The Securities and Exchange Board of India (SEBI) has suspended M/s J. V. Stock Broking Pvt. Ltd. (formerly M/s Padam Kumar Jain), member of Uttar Pradesh Stock Exchange (SEBI Reg. No. INB100999332) 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 J. V. Stock Broking Pvt. Ltd. (formerly M/s Padam Kumar Jain), 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.