For full copy of order against MILLENNIUM EQUITIES (INDIA) LTD., click here.

PRESS RELEASE - SEBI

September 16, 2004
PR No. 232/2004

Registration of M/s. Millenium Equities (India) Pvt. Ltd., 

Member of BSE, suspended

Securities and Exchange Board of India (SEBI) has passed an order dated September 13, 2004 suspending the certificate of registration No.INB 011127256 granted to M/s. Millenium Equities (India) Pvt. Ltd., member of The Stock Exchange, Mumbai for a period of six months. The order shall come into effect 21 days after date of this order.
 
The order has been passed by the Chairman, SEBI against M/s. Millenium Equities (India) Pvt. Ltd. for indulging in synchronized / matched trades thereby seeking to create an artificial market for the scrips Shonkh Technologies International Ltd., Global Trust Bank and DSQ Software Ltd., and also seeking to defeat the anonymity of the price and order matching mechanism of the stock exchange.
 
 
Mumbai 
 
September 16, 2004