December 02, 2008
PR No. 282/2008
Order against MCS Ltd.
In view of complaints received by SEBI from issuer companies regarding refusal by MCS Ltd.(a Registrar to an issue and share transfer agent) to transfer records/data and issue NOC to the Depositories on termination of the agreement between MCS and the said issuer companies, Shri M.S. Sahoo, Whole Time Member , SEBI vide order dated December 2, 2008 has directed MCS Ltd. to transfer all the data/records to the issuers / complainants or to their newly appointed share transfer agents and issue NOC to the depositories within a period of 15 days from the date of the order. MCS Ltd. was also directed to cease and desist from violating the provisions of law mentioned in the above said order.
Mumbai
December 02, 2008
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