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June 05, 2006
PR No. 150/2006
Registration of M/s. Bubna Stock Broking Services Ltd.,
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. Bubna Stock Broking Services Ltd. (SEBI Reg. No. INB030707632), member of the Calcutta Stock Exchange (CSE) for a period of 15 days with effect from June 12, 2006. The penalty is imposed for failure to make payment to clients within 48 hours, client member agreement and client registration forms not duly filled in, failure to collect margins from the clients etc.
M/s. Bubna Stock Broking Services Ltd. will not be entitled to carry on the business as a broker with effect from June 12, 2006 to June 27, 2006.
Mumbai
June 05, 2006
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