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November 05, 2002
PR No. 247/2002
Cancellation of Certificate of Registration
The Securities and Exchange Board of India (SEBI) has cancelled the registrations of the following brokers with immediate effect:
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S.N.
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Broker
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SEBI Reg No.
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Shri Naveen Fernandes
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INB140384115
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M/s Maxgain Finlease (P) Ltd.
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INB140957835
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The registrations have been cancelled in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992.
The said brokers were declared defaulters by the Stock Exchange and ceased to be members of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as brokers with SEBI.
SMD
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