|
February 10, 2005
PR No.
32/2005
Registration of five stock brokers, cancelled
Securities and Exchange Board of India (SEBI) has passed orders dated January 31, 2005 cancelling the certificate of registrations of the following five stock brokers with immediate effect:
|
Sr.
No.
|
Name
of the broker
|
SEBI
Regn. No.
|
Exchange
|
|
1
|
M/s.
Arunima Investment (P) Ltd.
|
INB200898939
|
OTCEI
|
|
2
|
M/s.
Scon Fin. Services
Pvt. Ltd.
|
INB200566931
|
OTCEI
|
|
3
|
M/s.
Richmond Securities Pvt. Ltd.
|
INB241076331
|
ICSEI
|
|
4
|
Manoj
Bhargava
|
INB160182817
|
JSE
|
|
5
|
M/s
Tula Finance Ltd.
|
INB100830634
|
UPSE
|
The aforesaid five stock brokers were declared defaulters / expelled 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. Their registrations have 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
February 10, 2005
|