September 17, 2004
PR No. 237/2004

Registration of M/s. Shyam Lal Sharma, Member of DSE, cancelled

The Securities and Exchange Board of India (SEBI) has passed an order dated September 10, 2004 canceling the certificate of registration of M/s. Shyam Lal Sharma (SEBI Registration No. INB050102516) erstwhile member of Delhi Stock Exchange with immediate effect.
 
The aforesaid stock broker was declared defaulter by Delhi Stock Exchange and ceased to be member 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 17, 2004