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PRESS RELEASE - SEBI

January 31, 2006
PR No. 58/2006

Orders issued against 10 stock brokers / sub-brokers

Securities and Exchange Board of India (SEBI) has passed ten orders, against the following brokers/sub-brokers:
 

Sr. No.

Name of the broker/ sub-broker

SEBI Regn. No.

Exchange

Date of order

Order

1

M/s. Avdhut Securities Ltd.     

INS230934239

NSE

January 24, 2006

Censure

2

M/s. GDH Securities Pvt. Ltd.

INS230883535

NSE

January 24, 2006

Censure

3

M/s. MSE Financial Services Ltd.

INB011116931

BSE

January 24, 2006

Censure

4

M/s. Trust House Securities Ltd. (SEBI Reg. No.),

INB230771930

NSE

January 24, 2006

Censure

5

M/s. Chandrakala Money & Capital Management Ltd.

INB230607836

NSE

January 24, 2006

Censure

6

M/s. Bangalore Stock Exchange Financials Ltd.

INB011074136 &

INB231074130

BSE

&

NSE

January 24, 2006

Censure

7

M/s. Cochin Stock Brokers Ltd.

INB011076933

&

INB231076937

BSE

&

NSE

January 24, 2006

Censure

8

M/s. Subhkam Securities Pvt. Ltd.

INB011059731

BSE

January 24, 2006

Censure

9

M/s. Lotus Investment & Securities

INB230660021

NSE

January 24, 2006

Censure

10

M/s. Mithani Securities Pvt. Ltd.

INS010596935

BSE

January 05 & 25, 2006

Suspension- Three months

The orders have been passed by Shri Madhukar, Whole Time Member, SEBI, against the above mentioned brokers/sub-brokers for violation of certain provisions of SEBI Act, 1992, SEBI Stock Brokers and Sub-brokers Rules and Regulations made thereunder, circulars issued from time to time etc.
  
 
Mumbai

January 31, 2006

 

For full copy of order against AVDHUT SECURITIES LTD., click here.

For full copy of order against BGSE FINANCIALS LTD., click here.

For full copy of order against BGSE FINANCIALS LTD., click here.

For full copy of order against CHANDRAKALA MONEY & CAPITAL MANAGEMENT LTD., click here.

For full copy of order against COCHIN STOCK BROKERS LTD., click here.

For full copy of order against COCHIN STOCK BROKERS LTD., click here.

For full copy of order against GDH SECURITIES PVT.LTD., click here.

For full copy of order against LOTUS INVESTMENTS & SECURITIES, click here.

For full copy of order against MITHANI SECURITIES PVT.LTD., click here.

For full copy of order against MSE FINANCIAL SERVICES LTD., click here.

For full copy of order against SUBHKAM SECURITIES PVT.LTD., click here.

For full copy of order against TRUST HOUSE SECURITIES LTD., click here.
 
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