Suspension of broker

Secondary Market Department

The Securities and Exchange Board of India (SEBI) has suspended Shri Chhaganlal Bhabutmal Rathod, member of Ahmedabad Stock Exchange (SEBI Reg. No. INB 020494316) for a period of two months for not reporting Off-the-floor transactions, not maintaining proper segregation between Clients' Funds and Own Funds and indulging in unauthorised carry forward transactions. 

Shri Chhaganlal Bhabutmal Rathod, member of Ahmedabad Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from February 11, 2002 till April 10, 2002.