Mumbai, July 23: The Securities and Exchange Board of India (Sebi) on Tuesday suspended the registration of Betala Stock Broking Ltd, a member of the National Stock Exchange for not maintaining proper segregation of clients' and own funds and violation of code of conduct. The broking firm would not be entitled to carry on business at NSE with effect from August four for a three-month period, a Sebi release said here.

In another order, Sebi has debarred Hemendra Shah from accessing capital markets and dealing in securities for a period of two years with immediate effect.
The action is taken under Section 4(3) read with Section 11B of Sebi Act as also Regulation 11 and 12 of the Sebi (Prohibition for Fraudulent and Unfair Trade Practices relating to securities market) Regulations 1995, it added. Bureau Report