November 18, 2004
PR No. 314/2004

Registration of M/s. CMS Securities Ltd., member of NSE, cancelled

The Securities and Exchange Board of India (SEBI) has passed an order dated October 27, 2004 cancelling the certificate of registration of M/s. CMS Securities Ltd. (SEBI Registration No. INB230794330), erstwhile member of National Stock Exchange of India Ltd. with immediate effect.

The aforesaid stock broker was declared defaulter by the Stock Exchange and ceased to be a member of the Exchange and 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 18, 2004