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June 05, 2006
PR No. 149/2006
Registration of M/s. C.P.Sikaria & Co., Member of CSE, suspended
Securities and Exchange Board of India (SEBI) has passed an order dated May 22, 2006, suspending the certificate of registration of M/s. C.P. Sikaria & Co. (SEBI Reg. No. INB031037915), member of the Calcutta Stock Exchange (CSE) for a period of six months with effect from June 12, 2006. The penalty is imposed for failure to maintain segregation between own funds and clients funds, failure to collect margins from clients, non co-operation during inspection, non-redressal of the investors� complaints, not maintaining the client registration forms in the prescribed format, not maintaining the order book etc.
M/s. C.P. Sikaria & Co. will not be entitled to carry on the business as a broker with effect from June 12, 2006 to December 11, 2006.
Mumbai
June 05, 2006
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