PRESS RELEASE - SEBI |
June 27, 2003
PR No. 148/2003
CANCELLATION OF REGISTRATION OF BROKERS OF UPSE
The Securities and Exchange Board of India (SEBI) has cancelled the registrations of the following brokers with immediate effect:
S.N. |
Broker |
Reg. No. |
Stock Exchange |
1. |
M/s K. Uma & Co. |
INB100356610 |
UPSE |
2. |
M/s Yogendra Sharma |
INB100382516 |
UPSE |
The registrations have been cancelled in terms of Sub-Regulation (5) of Regulation 16 of SEBI (Procedure for Holding Enquiry by the Enquiry Officer and Imposing Penalty) Regulation, 2002.
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.
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For full copy of order against K.UMA & CO., click here.
For full copy of order against YOGENDRA SHARMA, click here.
For full copy of order against YOGENDRA SHARMA,/MS, click here.