September 22, 2006
PR No. 215/2006

Orders against M/s. Kanchan Investments and Sharad B. Shah

in the matter of M/s. Home Trade Ltd.

Securities and Exchange Board of India (SEBI) has passed the following orders on September 19, 2006 against the following two brokers of Pune Stock Exchange Ltd. (PSE) in the matter of M/s.Home Trade Ltd. :- 

1. Censure on the certificate of registration of M/s. Kanchan Investments, SEBI Reg. No INB 110248714, member of Pune Stock Exchange Ltd. The penalty is imposed on the broker for not complying with the norms and guidelines relating to Know Your Client norms.
    

2. Censure on the certificate of registration of M/s. Sharad B. Shah, SEBI Reg. No INB 110239410, member of Pune Stock Exchange Ltd.. The penalty is imposed on the broker for not complying with the norms and guidelines relating to Know Your Client norms etc.
    

Mumbai

September 22, 2006

For full copy of order against KANCHAN INVESTMENTS, click here.

For full copy of order against SHARAD KUMAR BALCHAND SHAH, click here.

For full copy of order against SHARAD KUMAR BALCHAND SHAH,M/S, click here.