Suspension / Warning to Brokers
 
Secondary Market Department

The Securities and Exchange Board of India (SEBI) has suspended Shri P. N. Boda, member of Saurashtra Kutch Stock Exchange (SEBI Reg. No. INB 180223215) for a period of three months. He has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for not maintaining proper books/records, not issuing proper contract notes, not reporting off-the-floor transactions, indulging in carry forward transactions, non-segregation of clients' fund with own funds and indulging in fund based activities. 
 
Shri P. N. Boda, member of Saurashtra Kutch Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from August 13, 1999 till November 12, 1999. 
 
The Securities and Exchange Board of India (SEBI) has warned M/s R. R. Chokhani Stock Brokers Pvt.Ltd., member of Bombay Stock Exchange (SEBI Reg. No. INB011045433) for dealing with un-registered sub-broker, non-compliance with the requirements of Clients' Registration Form and clients funds used for making advances/payments to parties. 
 
The warning has been served in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992. 
 
The Securities and Exchange Board of India (SEBI) has suspended M/s Edassery Stock & Investments Pvt. Ltd., member of Cochin Stock Exchange (SEBI Reg. No. INB 091014534) 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 not obtaining written consents of the clients for transactions entered into as principal to principal basis, indulging in carry forward transactions and non-segregation of clients' fund with own funds 
 
M/s Edassery Stock & Investments Pvt. Ltd., member of Cochin Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from August 09, 1999 till October 08, 1999. 
 
The Securities and Exchange Board of India (SEBI) has suspended M/s Trimiti Investments & Financial Services Pvt. Ltd., member of Pune Stock Exchange (SEBI Reg. No. INB110910534) for a period of two months. They have been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for not maintaining proper books/records, dealing with un-registered sub-brokers, indulging in carry forward transactions and fund based activities. 
 
M/s Trimiti Investments & Financial Services Pvt. Ltd., member of Pune Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from August 13, 1999 till October 12, 1999.