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September 07, 2004
PR No.
216/2004
Registration of two brokers of ICSEI and
one broker of OTCEI, cancelled
The Securities and Exchange Board of India (SEBI) has passed orders canceling the certificate of registration of the following three stock brokers with immediate effect:
|
Sr. No. |
Name of the Stock Broker |
SEBI Reg No. |
Exchange |
Date of Order |
|
|
S. B. Stockworks Pvt. Ltd. |
INB241145037
|
ICSEI |
27/08/2004 |
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Ramniwas Chirimar |
INB241078311
|
ICSEI |
27/08/2004 |
| |
B. Suryanarayana |
INB200674210
|
OTCEI |
28/08/2004 |
The aforesaid three stock brokers were declared defaulters 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.
Mumbai
September 7, 2004
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