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March 11, 2005
PR No.
54/2005
Registrations of eight stock brokers, cancelled
Securities and Exchange Board of India (SEBI) has passed orders dated February 28, 2005 canceling the certificate of registrations of the following eight 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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Exchange
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1
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Atlantis Stocks Ltd.
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INB230924731
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NSE
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2
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Nagarjuna Securities Ltd.
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INB230713634
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NSE
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3
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Prasad & Co. (P) Ltd.
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INB230857337
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NSE
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4
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Prasad & Co. (P) Ltd.
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INB200928939
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OTCEI
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5
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Marg Securities Ltd.
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INB200608831
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OTCEI
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6
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Sanjay Bansal
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INB241037119
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ICSEI
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7
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Kanak Nahata
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INB240339011
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ICSEI
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8
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Mukesh Kumar Jain
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INB240324419
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ICSEI
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| NSE - National Stock Exchange |
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OTCEI � Over The Counter Exchange of India
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ICSEI � Inter Connected Stock Exchange of India
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The aforesaid eight stock brokers were expelled by the respective Stock Exchanges and ceased to be members of the respective Exchanges. They have also failed in paying the fees to the board. They have, thus, failed to fulfill the pre-requisite conditions 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
March 11, 2005
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