PRESS RELEASE - SEBI
January 29, 1999
PR No. 34/1999

SUSPENSION OF REGISTRATION OF BROKERS.
SECONDARY MARKET DEPARTMENT DBA-I

The Securities and Exchange Board of India (SEBI) has suspended Shri Mangi Lal Bothra (Trade Name: M/s. M. L. Bothra & Co.), member of Uttar Pradesh Stock Exchange (SEBI Reg. No. INB100359118) 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 and misuse of debit note facility. 
 
Shri Mangi Lal Bothra, member of Uttar Pradesh Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from February 02, 1999 till April 01, 1999.