January 29, 2010
PR No. 019/2010
Order in the matter of Alka Securities Limited and Mahesh Kothari Shares and Stock Brokers Private Limited
Dr. K. M. Abraham, Whole Time Member, SEBI, has passed an order dated January 28, 2010, in the matter of Alka Securities Limited and Mahesh Kothari Shares and Stock Brokers Private Limited inter-alia directing BSE and NSE to constitute a committee. The committee shall make a public notice through two national newspapers inviting claims from the clients of Alka Securities Limited and Mahesh Kothari Shares and Stock Brokers Private Limited whose shares are said to be lying in the beneficiary accounts of the aforesaid stock brokers. The committee shall scrutinize such claims made by the clients and prepare the final list of owners of such securities to whom the shares shall be transferred along with the beneficiary account details. The committee shall complete the process within three months from the date of its constitution and shall submit the report in this regard to NSE and BSE. The said report shall in turn be forwarded to Securities and Exchange Board of India.
Mumbai
January 29, 2010
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