August 19, 2004
PR No. 188/2004

M/s. Subhash Capital City Ltd. prohibited from accessing 

the securities market and dealing in securities

M/s. Subhash Capital City Limited has been prohibited from accessing the securities market and dealing in securities for a period of two years. The order was passed by Shri A K Batra, Whole Time Member, on August 17, 2004, under Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), Regulations, 2003 read with Section 11B of the SEBI Act, 1992, for irregularities in the rights issue of M/s.Subhash Projects & Marketing Ltd. (SPML) and price manipulation in the scrip. The order has come into force with immediate effect. 
 
 
Mumbai
 
August 19, 2004