All Trading Members of the Exchange,
1. The Trading Members of the Exchange are hereby informed that the Exchange has declared Ford Brothers Capital Services Ltd (Clg No.958), a corporate Trading Member of the Exchange, a Defaulter, with effect from Thursday, 29th July, 2010 under the Rules, Bye-laws and Regulations of the Exchange, on account of its failure to deposit the awarded amounts with the Exchange in respect of Arbitration Awards passed against it and thereby its inability to discharge its obligations and liabilities towards the said Arbitration Awards.
2. The Trading Members / investors who have any outstanding claims against Ford Brothers Capital Services Ltd (Clearing No.958), are advised to file arbitration reference/s with the Exchange, if they so desire, by 18th February, 2011; after which no claim shall be entertained by the Exchange.
3. The Trading Members / investors who have already obtained in their favour, Arbitration Awards which have not been complied with so far, are advised to submit to the Exchange, their claims with Arbitration Awards on or before 18th February, 2011, after which no such Award shall be entertained by the Exchange.
4. In case of objections, if any, arising in future against Ford Brothers Capital Services Ltd, for the shares received by the trading members / investors under objections, they are advised to settle their claims through arbitration mechanism at the Exchange and file Awards, if they are in their favour, as well as the relevant original Share Certificates and Transfer Deeds, with the Exchange within six months from the date of Objection Memos of the company (which returned the shares under objection). Claims which are not submitted in the manner and / or within the stipulated period as stated in this para, shall not be entertained by the Exchange.
Arun K. Dolas Hemant Dharap
Addl General Manager, Manager
Department of Investor Services Department of Investor Services
Date: 19th August, 2010 . |