For full copy of order against AAKASH STOCKS & SHARES PVT.LTD., click here.

PRESS RELEASE - SEBI
September 30, 2003
PR No. 240/2003

MIRSD

CANCELLATION OF CERTIFICATE OF REGISTRATION 

OF A STOCK BROKER OF MADRAS STOCK EXCHANGE

The Securities and Exchange Board of India (SEBI) has cancelled the registration of M/s. Aakash Stocks & Shares Pvt. Ltd. (SEBI Regn. No. INB040682136) with immediate effect:

The aforesaid Stock-Broker was declared defaulter by the Stock Exchange and ceased to be a member of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as Stock-Broker with SEBI.

The registration has been cancelled in terms of Sub-Regulation (5) of Regulation 16 of SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002.