February 21, 2007
PR No. 62/2007

Prohibition on opening of fresh demat accounts by Centurion Bank of Punjab Ltd., lifted

Dr. T C Nair, Whole Time Member, SEBI has vide his post hearing order passed on February 21, 2007 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by the Centurion Bank of Punjab Ltd., a Depository Participant, be lifted. The order further states that all issues and contentions are left open to be to be decided upon completion of enquiry proceedings being conducted by the Enquiry Officer.

The order shall come into force with immediate effect.


February 21, 2007


For full copy of order against CENTURION BANK OF PUNJAB LIMITED click here.