May 27, 2002
Ref.No.PR 103/2002
ACTION AGAINST THE BROKER The Securities and
Exchange Board of India (SEBI) has suspended M/s G. R. Kholi & Co.,
member of Delhi Stock Exchange (SEBI Reg. No. INB050085611) for a period
of four months for not issuing contract notes to all the clients,
irregularities in issuance of contract notes, not maintaining
complete client database and agreement with the clients etc.
M/s G. R. Kholi & Co., member of Delhi Stock Exchange will not be
entitled to carry on the business as a Stock Broker with effect from May
30, 2002 till September 29, 2002.
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