Members of the Exchange are hereby informed that suspended trading member DPS Shares & Securities (P) Ltd.(Clearing No. 151) was expelled, for committing misconduct in the nature of issue of fraudulent / fake contract notes under the Rules, Bye-laws and Regulations of the Exchange, with effect from January 30 2008, pursuant to the decision taken by the Board of Directors of the Exchange at its meeting held on January 12, 2008.
The expelled trading member appealed against his expulsion by the Board. The Board, in its meeting held on May 9, 2009, decided to uphold its earlier decision taken in its meeting held on January 12, 2008 by dismissing the appeal of the expelled trading member against his expulsion.
Accordingly, the trading right of the expelled trading member DPS Shares & Securities (P) Ltd.(Clearing No. 151) stands ceased/forfeited.
In case of claims arising from company objection/s against the above named expelled trading member, they should be submitted as per Rules, Bye-laws and Regulations of the Exchange, with the Department of Investor Services.
P. K. Ramesh Yogesh Bambardekar
General Manager Asst. Gen. Manager
Surveillance and Supervision Surveillance and Supervision |