January 28, 2005
PR No. 22/2005

Registration of C. Mackertick Ltd., suspended

Securities and Exchange Board of India (SEBI) has passed an order dated January 20, 2005 suspending the certificate of registration granted to C. Mackertich Ltd., (SEBI Registration No. INB030879337, INB230769433, INB010769439, INB200769439), member of the Calcutta Stock Exchange, National Stock Exchange, The Stock Exchange, Mumbai and OTC Exchange of India respectively, for a period so long as the notification issued by custodian against Shri Ajay Kayan in terms of section 3 (2) of Special Court (Trial of Offences Relating to transactions in Securities) Act, 1992, subsists. This order shall come in to effect from February 10, 2005.
 
The order has been passed by SEBI against C. Mackertich Ltd. as it was found that it continued to deal in securities without obtaining prior permission of SEBI for change in status in violation of Rule 4 (c) of SEBI (Stock Brokers and Sub-Brokers) Rules, 1992 and for ceasing to be a �fit and proper� person to continue in the securities market in terms of Regulation 5 (e) of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 and also violating other provisions of SEBI (Stock Brokers and Sub-Brokers) Rules, 1992 and SEBI (Stock brokers and Sub-Brokers) Regulations, 1992.
 
C. Mackertich Ltd. will not be entitled to carry on the business as a stock broker with effect from February 10, 2005.
 
 
Mumbai
 
January 28, 2005