SUSPENSION OF MERCHANT BANKING REISTRATION

PRIMARY MARKET DEPARTMENT

The Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of below mentioned merchant bankers. 
 
The details are given below:

S.NO	NAME	CAT	REASON FOR ENQUIRY	REMARK
1	Phoenix International Finance Ltd.	I	Default on devolvement of underwriting commitment in the issue of Kanan Steels Ltd.	Suspended till the remaning period of registration (that is July 31, 1999).
2	Rockland Leasing Ltd..	I	Default on devolvement of underwriting commitment in the issue of Pasupati Fabrics Ltd., Elque Polysters Ltd. and BSM knit Fab India Ltd.	Suspended till the remaning period of registration (that is till October 15, 1999).