|
May 22, 2006
PR No.
139/2006
Registration of M/s. Right Finstock Pvt. Ltd., Member of ASE, suspended
Securities and Exchange Board of India (SEBI) has passed an order dated May 11, 2006 suspending the certificate of registration granted to M/s. Right Finstock Pvt. Ltd., (SEBI Registration No. INB020916939), member of the Ahmedabad Stock Exchange for a period of 1 (one) month with effect from June 01, 2006.
The order has been passed by SEBI against M/s. Right Finstock Pvt. Ltd. for irregularities in issuance of contract, inadequacies in maintenance of client registration forms and client agreements, use of client account to meet office expenses, delay in securities pay-out from the pool account, dealing with NSE/ BSE brokers as unregistered sub-broker, non-payment of turnover fees to SEBI etc.
M/s. Right Finstock Pvt. Ltd., member of the Ahmedabad Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from June 01, 2006 till June 30, 2006.
Mumbai
May 22, 2006
|
