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February 23, 2005
PR No.
44/2005
Registrations of three stock brokers, cancelled
Securities and Exchange Board of India (SEBI) has passed orders dated February 16, 2005 cancelling the certificate of registrations of the following three stock brokers with immediate effect:
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Sr. No.
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Name of the broker
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SEBI Regn. No.
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Stock
Exchange
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1
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Shaji Varkey Philip
Trade name: Philip Associates
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INB090288610
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CoSE
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2
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Babu E. Vettoor
Trade name: Babu Eapen & Co.
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INB090272215
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CoSE
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3
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Hukmichand C. Jain.
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INB200887510
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OTCEI
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CoSE: Cochin Stock Exchange
OTCEI: Over The Counter Exchange of India
The aforesaid three stock brokers were declared defaulters / expelled by the respective the Stock Exchanges and ceased to be members of the Exchange, thereby failed to fulfill 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 23, 2005
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