CANCELLATION OF CERTIFICATE OF REGISTRATION OF A STOCK-BROKER OF COCHIN STOCK EXCHANGE
The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of P.M. Pavithran, Trade Name: M/s Chaithra Associates (SEBI Regn. No. INB090281519) erstwhile member of Cochin Stock Exchange with immediate effect:
The aforesaid Stock-Broker was declared defaulter by the Stock Exchange and ceased to be a member of the Exchange, thereby failed to fulfill the pre-requisite condition of registration as Stock-Broker with SEBI.
The registration has been cancelled in terms of Sub-Regulation (5) of Regulation 16 of SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002. A full text of the order is available on the website www.sebi.gov.in.
Mumbai,
March 16, 2004