|
November 09, 2006
PR No. 248/2006
Orders against (1) M/s. Arcadia Share and Stock Brokers Pvt. Ltd. and
(2) M/s. Kaushik Shah Shares and Securities Pvt. Ltd.
Certificates of registration of two brokers M/s. Arcadia Share and Stock Brokers Pvt. Ltd. Member � NSE Ltd. (Regn. No. INB 230778238) and M/s. Kaushik Shah Shares and Securities Pvt. Ltd., Member � BSE Ltd.(Regn. No. INB 010939732) have been suspended for a period of seven days. The brokers have been found guilty of violating the provisions of SEBI (Prohibition of Fraudulent and Unfair Trade practices Relating to Securities Market), Regulations, 1995 and provisions of the Code of Conduct as specified in SEBI (Stock Brokers and Sub Brokers) Regulations, 1992, while dealing in the shares of Orient Information Technology Ltd.
The orders have been passed by Dr. T.C. Nair, Whole Time Member, SEBI on November 01, 2006 and shall come into force after the expiry of 21 days from the date of orders.
Mumbai
November 09, 2006
|
