July 16, 2004 PR No.
157/2004
Certificate of registration of 15 stock brokers of
Mangalore Stock Exchange cancelled
The Securities and Exchange Board of India (SEBI) has passed orders canceling the certificate of registration of the following 15 Stock-Brokers with immediate effect:
Sr. No.
|
Name of the broker
|
SEBI Regn. No.
|
1
|
Anand M Fatehpuria
|
INB140614213
|
2
|
Suryakanth V Mandavia (M/s. Pragati
Investments)
|
INB140389110
|
3
|
Ila Somasundaram(M/s. Akshaya & Co)
|
INB140384213
|
4
|
Ganapathi Shet
|
INB140387210
|
5
|
Naresh Pranlal Bhukanwala
|
INB140387318
|
6
|
Maya Kamath
|
INB140384810
|
7
|
Kirti J Shah
|
INB140385310
|
8
|
S Raman(M/s. Kalpaka Investments)
|
INB140390119
|
9
|
Sharada Krishnan(M/s. Sharada & Co)
|
INB140389619
|
10
|
Naresh Kumar Mangala(M/s. N.K.Mangla & Co)
|
INB140389511
|
11
|
I Krishna Bhat(M/s. Amrutha Consultants)
|
INB140386417
|
12
|
Alarkan Mappat(M/s. Mappat Securities)
|
INB140640716
|
13
|
M/s. Monica Financial Solutions Ltd.
|
INB140933839
|
14
|
M Raghavendra Pai
|
INB140384311
|
15
|
Anil K Seth
|
INB140383615
|
The aforesaid 15 Stock-Brokers were declared defaulter by the Stock Exchange and ceased to be members 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.
|