January
20, 2009
PR No. 044/2009
Order against M/s. V & U Securities Pvt. Ltd., Member, ASE
Dr. T. C. Nair, Whole Time Member, SEBI, has passed an order dated January 09, 2009, in the matter of M/s Ojas Technochem Products Limited censuring M/s. V & U Securities Pvt. Ltd. (erstwhile M/s. Kirtikumar Kantilal Shah), Member of Ahmedabad Stock Exchange, SEBI registration no. INB 021105730, to the effect that the broker should be careful in future and exercise due skill, care and diligence in the conduct of its affairs as a capital market intermediary. M/s. V & U Securities Pvt. Ltd. (erstwhile M/s. Kirtikumar Kantilal Shah) has also been directed to note that any instances of violation or non-compliance of the SEBI Act and Rules and Regulations in future shall be dealt with stringently.
Mumbai
January 20, 2009
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