Warning to Broker

Seconday Market Department

The Securities and Exchange Board of India (SEBI) has warned M/s Mahesh Kothari Share & Stock Brokers Pvt. Ltd., member of Bombay Stock Exchange (SEBI Reg. No INB 010807930) for irregularities in maintenance of books of accounts, dealing with unregistered sub brokers, irregularities in issuance of contract notes, non-segregation of clients accounts with own accounts, misuse of clients' funds, delay in delivery of securities and not reporting off-the-floor transactions to the Stock Exchange. 

The warning has been served in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992.