For full copy of order against ASHOK MANWANI, click here.

For full copy of order against GOPALDAS GOENKA, click here.

For full copy of order against PALANIAPPA SECURITIES LTD., click here.

For full copy of order against PANACEA INVESTMENTS, click here.

For full copy of order against SURYASHRI SECURITIES, click here.

PRESS RELEASE - SEBI
January 29, 2004
PR No. 27/2004

CANCELLATION OF CERTIFICATE OF REGISTRATION OF

3 STOCK–BROKERS OF INTERCONNECTED STOCK EXCHANGE OF INDIA

The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of the following 3 Stock-Brokers with immediate effect:
 

Sr. No.

Name of the Stock-Broker

SEBI Registration No.

Stock Exchange

1

Ashok Manwani

(Trade Name: Panacea Investments)

INB241115618

ICSE

2

Gopaldas Goenka

(Trade Name: Suryashri Securities)

INB241101519

ICSE

3

Palaniappa Securities Ltd.

INB241083733

ICSE

 
The aforesaid 3 Stock-Brokers were expelled from the Stock Exchange and ceased to be a member of the Exchange, thereby failed to fulfil 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.