November 11, 2004
PR No. 308/2004

Registration of two stock brokers of Jaipur Stock Exchange, cancelled

Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of the following two stock brokers with immediate effect:

 

Name of the stock broker	SEBI Reg. No.
Mahesh Kumar Gupta	INB160201417
Rakesh Nagar	INB160186813

The aforesaid stock brokers were expelled/declared defaulters by Jaipur 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
 
November 11, 2004