December 30, 2005
PR No. 178/2005

Warning issued to M/s. Sykes & Ray Equities (I) Ltd., Member of NSE

Securities and Exchange Board of India (SEBI) has passed an order dated December 27, 2005, warning M/s. Sykes & Ray Equities (I) Ltd. (SEBI Reg. No.INB230727738), Member of National Stock Exchange.

The order has been passed by Shri Madhukar, Whole Time Member, SEBI, against M/s. Sykes & Ray Equities (I) Ltd. for delay in delivery of contract notes, names of the authorized signatories were mentioned although its duly authorized representative had signed the contract notes, dealt with unregistered Sub-brokers, failed to obtain declaration from clients that PAN numbers were not available etc.

Mumbai

December 30, 2005