ACTION AGAINST THE BROKER

The Securities and Exchange Board of India (SEBI) has cancelled the registration of Shri Yashwant N. Shah, member of Bombay Stock Exchange with immediate effect. The registration has been cancelled in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992. 

The said broker has been declared defaulter by the Bombay Stock Exchange and ceased to be member of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as broker with SEBI. 

Shri Yashwant N. Shah will not be entitled to carry on the business as a Stock Broker with immediate effect.