INVESTIGATIONS, ENFORCEMENT AND MARKET SURVEILLANCE

It has been reported in sections of the media that SEBI has taken action against Prabodh Artha Sanchay Pvt Ltd, a broker in the matter of M/s Cyberspace Limited.

It is hereby clarified that M/s Prabodh Artha Sanchay Pvt Ltd. is neither registered with SEBI as a broker nor is a SEBI registered intermediary. SEBI had inquired into transactions made by M/s Prabodh Artha Sanchay Ltd in M/s Cyberspace Limited. After taking the evidences and submissions into account and following due process, it was concluded that it was not a fit case for imposition of penalty.