PRESS RELEASE - SEBI

October 29, 2004
PR No. 296/2004

CERTIFICATE OF REGISTRATION OF EIGHT STOCK BROKERS CANCELLED

The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of the following eight Stock-Brokers with immediate effect:

Sr. No.

Name of the broker

SEBI Regn. No.

Exchange

1

M/s. Brisk Securities Limited

INB080631334

BgSE1

2

Shri Tushar L. Thakkar

INB190411518

VSE2

3

Ms. Rita Subhash Katira

Trade name: Rita S. Katira

INB190862410

VSE

4

Ms. Ila R. Thakkar

INB190397317

VSE

5

Shri Pramod Gupta

Trade name: Pramod Gupta & Co

INB190405319

VSE

6

Shri Kirti Mansukhlal Nandani

Trade name: Nandani & Co.

INB190398717

VSE

7

Shri Rajesh Maheshwary

Trade name: Rajesh & Co.

INB190414515

VSE

8

M/s. El Dorado Guarantee Limited

INB180634637

SKSE3

The aforesaid eight Stock-Brokers were declared defaulter by the respective Stock Exchanges and ceased to be members of the Exchange, thereby failed to fulfil 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

October 29, 2004

1 Bangalore Stock Exchange; 2 Vadodara Stock Exchange; 3 Saurashtra Kutch Stock Exchange