Suspension of Broker
 
Secondary Market Department

The Securities and Exchange Board of India (SEBI) has suspended M/s Kirit Shah Securities Pvt. Ltd. , member of Ahmedabad Stock Exchange (SEBI Reg. No. INB 020723335) for a period of three 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 Clients' database, not reporting off-the-floor transactions to the Stock Exchange, doing fund based activities, not segregating clients' funds from own funds and indulging in carry forward transactions. 
 
M/s Kirit Shah Securities Pvt. Ltd., member of Ahmedabad Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from October 11, 1999 till January 10, 2000.