December 28, 2004 PR No.
340/2004
Registration of M/s. Soundaraja Finance Ltd.,
Member of OTC Exchange of India, cancelled
Securities and Exchange Board
of India (SEBI) has passed an order dated December 23, 2004
canceling the certificate of registration of M/s. Soundaraja Finance
Ltd. (SEBI Regn. No. INB200627538) erstwhile member of OTC Exchange
of India with immediate effect.
The aforesaid stock broker
was expelled by OTC Exchange of India 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
December 28, 2004
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