Mumbai, June 02: Securities and Exchange Board of India has suspended registration of Matharan Securities Ltd, a Calcutta Stock Exchange (CSE) broking member, for four months from June 19, 2003 for delay in delivery of securities. Matharan Securities would not be entitled to carry on the business as a stock broker for dealing in off-market transactions without reporting to the CSE, a Sebi release said here today.
The penalty was also imposed for non-segregation of clients' funds and own funds as well as indulging in fund-based activities, the release added. Bureau Report