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.
|
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.