In the matter of Summary Proceedings against the Brokers who defaulted in payment of Registration Fees

1. Vide Order dated August 11, 2005 under Regulation 16(1) of the extant SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, SEBI had appointed Officers to conduct summary proceedings, interalia, against the following 578 stock brokers who had defaulted in the payment of registration fees: Sl. No. Broker Registration No. Stock Exchange 1 Rajiv N. Patel INB020124218 Ahmedabad 2 Rajnikant Mohanlal Shah INB020445226 Ahmedabad 3 Right Finstock Private Limited INB020916939 Ahmedabad 4 Dev Stock Broking Services Ltd. INB020848937 Ahmedabad 5 Endeavour Securities Pvt. Ltd. INB020960935 Ahmedabad 6 Kameshwar Securities Pvt. Ltd. INB021163739 Ahmedabad 7 Manish Finstock Pvt. Ltd. INB021062634 Ahmedabad 8 Natural Securities Pvt. Ltd. INB020939838 Ahmedabad 9 Poojan Securities Pvt. Ltd. INB021163838 Ahmedabad 10 Poojasmit Share Link Pv.t Ltd. INB021020338 Ahmedabad 11 Prudential Share Broking Ltd. INB020938839 Ahmedabad 12 Risi Finstock Pvt. Ltd. INB021050530 Ahmedabad 13 Sonal Trikamlal Marfatia INB020723013 Ahmedabad 14 Dr. Natverlal Rambhai Patel INB020125814 Ahmedabad 15 Glory Fincap Pvt. Ltd. INB021087631 Ahmedabad 16 Jivanlal Manilal Modi INB020109516 Ahmedabad 17 Kamlesh P. Gandhi INB020124717 Ahmedabad 18 Mardia Securities Ltd. INB020696733 Ahmedabad 19 Mukeshbhai Vrajlal Halani INB020957411 Ahmedabad 20 N.K. Lakhiani Finance Ltd. INB020918731 Ahmedabad

Sl. No. Broker Registration No. Stock Exchange 21 Parasmal Dhingarmal Jain INB020472915 Ahmedabad 22 Rajeev Kohli INB020116216 Ahmedabad 23 Rajnikant Kantilal Shah INB020445020 Ahmedabad 24 Rameshchandra Lallubhai Chokshi INB020125912 Ahmedabad 25 Sanjay Rameshchandra Shah INB020494913 Ahmedabad 26 Satishkumar Nyalchand Shah INB020125618 Ahmedabad 27 Shree Vraj Holdings Pvt. Ltd. INB020953031 Ahmedabad 28 Spica Finstock Ltd. INB021032132 Ahmedabad 29 Arvind Kumar Babulal Almal INB021092912 Ahmedabad 30 Aruna Finstock Services Pvt. Ltd. INB020795039 Ahmedabad 31 Prerak Capital Services Pvt. Ltd. INB021030730 Ahmedabad 32 Ankush Holdings Ltd. INB020882639 Ahmedabad 33 Shakuntal Securities Pvt. Ltd. INB020903433 Ahmedabad 34 Vasudev Umiyashankar Bhatt INB020121514 Ahmedabad 35 Champaklal Bhailal Chokshi INB020446127 Ahmedabad 36 Kalpesh Kantilal Chawalla INB020548018 Ahmedabad 37 Parshwa Fnstock Pvt. Ltd. INB020908633 Ahmedabad 38 Koganti Yateendranath Bose INB080851110 Bangalore 39 Amit Securities Ltd. INB080878131 Bangalore 40 Ashok K Babu INB080632618 Bangalore 41 A. Kheemraj INB080168612 Bangalore 42 Ashok Kumar INB081077118 Bangalore 43 M. Ashok Mootha INB080138916 Bangalore 44 M. Balasubramaniam INB080177515 Bangalore 45 M. S. Samba Murthy Jahgirdar INB080461520 Bangalore 46 Monnet Portfolio Ltd. INB080798738 Bangalore 47 Mukund Mohta INB080957711 Bangalore 48 R Sowraiah INB080912011 Bangalore 49 RMV Shares & Securities Pvt. Ltd. INB080946231 Bangalore 50 S Rajkumar Pai INB081111511 Bangalore 51 Satish N Rao INB081022411 Bangalore 52 Nagarjuna Securities Limited INB080713635 Bangalore 53 GFC Securities & Finance Ltd. INB080749839 Bangalore 54 Debashish Rout INB170935019 Bhubaneshwar 55 Lalit Kumar Patodia INB170797115 Bhubaneshwar 56 Seema Chawla INB170262110 Bhubaneshwar

Sl. No. Broker Registration No. Stock Exchange 57 Chaturbhuj Sundarka INB170255215 Bhubaneshwar 58 Epari Sadasiva Rao INB170543217 Bhubaneshwar 59 Om Prakash Agarwal INB170767516 Bhubaneshwar 60 Pankaj Kumar Jaswantlal Shah INB170543315 Bhubaneshwar 61 Pradipta Kumar Dash INB170259818 Bhubaneshwar 62 Rabindra Bajoria INB170767918 Bhubaneshwar 63 S.Kedar Swamy Patra INB170767810 Bhubaneshwar 64 Sneha Parija INB170765117 Bhubaneshwar 65 Alka Choudhary INB170627115 Bhubaneshwar 66 Anju Batra INB170254314 Bhubaneshwar 67 Ashok Modi INB170253217 Bhubaneshwar 68 Ashwani Kumar INB170265313 Bhubaneshwar 69 Badri Narayan Saha INB170768613 Bhubaneshwar 70 Deepak J Dalal INB170773912 Bhubaneshwar 71 Dinesh Kumar Pathak INB170255518 Bhubaneshwar 72 Dinesh Kumar Sahu INB170255812 Bhubaneshwar 73 Eastern Leasing & Investment P. Ltd. INB170911433 Bhubaneshwar 74 Girdhari Lal Pathak INB170880014 Bhubaneshwar 75 Hrushikesh Nanda INB170256312 Bhubaneshwar 76 Kumud C. Shah INB170590416 Bhubaneshwar 77 Madhusudan Securities Ltd. INB170858739 Bhubaneshwar 78 Mahesh Chandra Kedia INB170852012 Bhubaneshwar 79 Manesh N. Shroff INB170822110 Bhubaneshwar 80 Manish Patnaik INB170851914 Bhubaneshwar 81 Mantri Pragada Srihari Rao INB170257810 Bhubaneshwar 82 Padma Kumar Bhawsinka INB170259514 Bhubaneshwar 83 Prabhat Kumar Tibrewal INB170259612 Bhubaneshwar 84 Pradeep Kumar Bhut INB170259710 Bhubaneshwar 85 Prakash Makhijani INB170259211 Bhubaneshwar 86 Rajendra Kumar Agarwal INB170773814 Bhubaneshwar 87 Sangeeta Pandey INB170264118 Bhubaneshwar 88 Sanjeev Kapoor INB170265616 Bhubaneshwar 89 Santosh Kumar Patra INB170821816 Bhubaneshwar 90 Sarita Singhi INB170544519 Bhubaneshwar 91 Varun Taneja INB170821718 Bhubaneshwar 92 Amiya Kumar Rout INB170590014 Bhubaneshwar

Sl. No. Broker Registration No. Stock Exchange 93 Nalin I. Mehta INB170542619 Bhubaneshwar 94 Nawal Kishore Bangur INB170258418 Bhubaneshwar 95 Om Prakash Dawar INB170631111 Bhubaneshwar 96 Ranjan Mandal INB170919612 Bhubaneshwar 97 Ravinder Chopra INB170260817 Bhubaneshwar 98 Sangita Prasad INB170768917 Bhubaneshwar 99 Sanjeev Gandhi INB170612913 Bhubaneshwar 100 Sarat Chandra Pradhan INB170936811 Bhubaneshwar 101 Sudhir Kumar Gupta INB170263618 Bhubaneshwar 102 Sushil Kumar INB170262619 Bhubaneshwar 103 Udaya Shankar Das INB170264617 Bhubaneshwar 104 Sandip R Shah INB170261512 Bhubaneshwar 105 Arun Kumar INB170802414 Bhubaneshwar 106 Sudhir Jain INB170263716 Bhubaneshwar 107 Aashish Ramlal Chawla INB170253814 Bhubaneshwar 108 Alok Kumar Saraf INB170542414 Bhubaneshwar 109 Babulal Sharma INB170254715 Bhubaneshwar 110 Bharat Kumar Seta INB170774010 Bhubaneshwar 111 Bijay Kumar Bagaria INB170254911 Bhubaneshwar 112 Jitendra Kumar Agarwala INB170256517 Bhubaneshwar 113 MFL Stock Broking Ltd. INB170939532 Bhubaneshwar 114 Naresh Kumar Agrawal INB170802316 Bhubaneshwar 115 Pawan K Bhawsinka INB170259417 Bhubaneshwar 116 Prakash Sharma INB170259015 Bhubaneshwar 117 Rajendra Prasad Bagaria INB170543413 Bhubaneshwar 118 Ram Pyara Chhabra INB170260611 Bhubaneshwar 119 Rajan Kumar Tripathy INB170261317 Bhubaneshwar 120 Sanat Kumar Kedia INB170262913 Bhubaneshwar 121 Satish Bansal INB170263119 Bhubaneshwar 122 Satish Kumar Gera INB170261914 Bhubaneshwar 123 Sumiti Bedi INB170544412 Bhubaneshwar 124 Sunil Kumar Prabhakar INB170263912 Bhubaneshwar 125 Vikram Kapur INB170544314 Bhubaneshwar 126 Abhijit Upadhyaya INB030043011 Calcutta 127 Alok Prakash Poddar INB030707213 Calcutta 128 Anand Share Broking (P) Ltd INB030798132 Calcutta

Sl. No. Broker Registration No. Stock Exchange 129 Atindranath Sarkar INB030490112 Calcutta 130 B L Seal INB030058016 Calcutta 131 B N Chaturvedi INB030665313 Calcutta 132 Badri Das Damani INB030042511 Calcutta 133 Badri Prasad Poddar INB030485616 Calcutta 134 Banwari Lal Kejdiwal INB030488212 Calcutta 135 Bhikhamchand Lamboria INB030604617 Calcutta 136 Bhogilal Anopchand INB030514412 Calcutta 137 Bijay Kumar Dhelia INB030490719 Calcutta 138 Bijay Shroff INB030879514 Calcutta 139 Bimal Kumar Chirimar INB030483618 Calcutta 140 BKL Securities Ltd. INB031093538 Calcutta 141 BPS Securities Pvt. Ltd. INB030804332 Calcutta 142 Chandi Prasad Modi INB030511219 Calcutta 143 Chiranji Lal Jhunjhunwala INB030486811 Calcutta 144 CPL Securities Private Ltd. INB030570531 Calcutta 145 Debi Prasad Poddar INB030045812 Calcutta 146 Devdutt Basu INB030492824 Calcutta 147 Dharam Pal Arora INB030085311 Calcutta 148 Dhirajlal K Doshi INB030054314 Calcutta 149 Dilip Kumar Goenka INB030724715 Calcutta 150 Dinesh Kumar Mehrotra INB030488515 Calcutta 151 Ginni Securities Ltd. INB030724136 Calcutta 152 Girdharimall Choraria INB030039818 Calcutta 153 Gopal Krishna Saraf INB030037419 Calcutta 154 Hemendra L Asher INB030484412 Calcutta 155 Industrial Finance Corp Of India INB030475448 Calcutta 156 Inter State Share Broking Pvt. Ltd. INB031136634 Calcutta 157 Jasvantrai Sheth INB030511512 Calcutta 158 Jesukhlal Vanmali Sheth INB030048613 Calcutta 159 Jogendra Kristo Dutt INB030071013 Calcutta 160 Kailash Prasad Dhyawala INB030037614 Calcutta 161 Kamal Kishore Paharia INB030827419 Calcutta 162 Kashi Nath Roy INB030050611 Calcutta 163 Kedarnath Fathepuria INB030670915 Calcutta 164 Krishna Kumar Jhunjhunwala INB030073618 Calcutta

Sl. No. Broker Registration No. Stock Exchange 165 Lalit Kumar Shroff INB030064617 Calcutta 166 Magma Securities Private Ltd. INB030919239 Calcutta 167 Mahadeoprasad Singhania INB030037311 Calcutta 168 Mohanlall Nathany INB030040915 Calcutta 169 Moongipa Finance Ltd. INB031146732 Calcutta 170 Mr Digvijay Jagjivan INB030931013 Calcutta 171 Nand Kishore Daga INB030510915 Calcutta 172 Nand Kumar Poddar INB030485714 Calcutta 173 Netai Chand Seal INB030483716 Calcutta 174 Omprakash Agarwal INB030486517 Calcutta 175 P. L. Nathany INB030041610 Calcutta 176 Pramila Lath INB030067115 Calcutta 177 Pramod Kumar Saraff INB030065616 Calcutta 178 Raj Gopal Bangur INB030485812 Calcutta 179 Rajendra Kumar Saraogi INB030513814 Calcutta 180 Ramkrishna Dudwawala INB030041013 Calcutta 181 RCT Securities Private Ltd. INB030911237 Calcutta 182 Richirich Securities Pvt Ltd. INB031151633 Calcutta 183 Rituraj Shares & Securities Ltd. INB031118830 Calcutta 184 Sanjay Pansari INB030621718 Calcutta 185 Sarwan Kumar Saboo INB030725019 Calcutta 186 Satya Narayan Bhalotia INB030666517 Calcutta 187 Shailesh Saraf INB031119416 Calcutta 188 Shanti Seal INB030666410 Calcutta 189 Shiv Narayan Rathi INB030069710 Calcutta 190 Shiva Kumar Saraf INB030040112 Calcutta 191 Shravan Kumar Bagla INB030448622 Calcutta 192 Shree Krishna Bagla INB030448828 Calcutta 193 Shree Kumar Bangur INB030491718 Calcutta 194 Shree Narayan Bagla INB030666615 Calcutta 195 Shree Narayan Jalan INB031075915 Calcutta 196 Shri Kumar Bagri INB030034216 Calcutta 197 Som Datt Overseas Ltd. INB031041438 Calcutta 198 SPA Stock & Securities P. Ltd. INB030919337 Calcutta 199 Suchitra Nathany INB030668114 Calcutta 200 Surlux Stocks & Securities Pvt. Ltd. INB031178834 Calcutta

Sl. No. Broker Registration No. Stock Exchange 201 Sushim Kumar Poddar INB030958917 Calcutta 202 Techno Global Security Pvt. Ltd. INB031117634 Calcutta 203 Vijay Singh Bengani INB030666811 Calcutta 204 Vijay Singh Kothari INB030668613 Calcutta 205 Vimal Kumar Chaudhary INB031024715 Calcutta 206 Vinod Kumar Kedia INB030556919 Calcutta 207 Vinod Kumar Singhania INB030036312 Calcutta 208 A Ulagammai INB210508615 Coimbatore 209 A. Venkatesan INB210509918 Coimbatore 210 Indulakshmi Vaidyanathan INB210538116 Coimbatore 211 K. T. Ranga Mani INB210538116 Coimbatore 212 M. Shaikh Nasar INB210478811 Coimbatore 213 P. Balasubramanian INB210506314 Coimbatore 214 P. G. Saranyan INB210476813 Coimbatore 215 P. N. Muralidharan INB210541211 Coimbatore 216 Padma Priyadharsini INB210537215 Coimbatore 217 R. Balakumar INB210479213 Coimbatore 218 Rajanarayan Capital Markets Services Ltd. INB210774637 Coimbatore 219 Sasko Securities Limited INB210775235 Coimbatore 220 V. Srikant Rajan INB210541319 Coimbatore 221 Vageesha Securities Pvt Ltd INB210945734 Coimbattore 222 A Kathir Kamanathan INB210507616 Coimbattore 223 S Ganesh INB210545217 Coimbattore 224 Uma Maheswari Securities Pvt. Ltd. INB210927037 Coimbattore 225 Allied Securities INB051050020 Delhi 226 Anju Kohli INB050927414 Delhi 227 Beacon Securities INB051037332 Delhi 228 BKJ Securities Ltd. INB050651633 Delhi 229 Chand Rani Jain INB050963310 Delhi 230 D.N.Kansal Securities Pvt. Ltd. INB050923132 Delhi 231 DBN Securities Pvt. Ltd. INB051142637 Delhi 232 Friends Portfolio Pvt. Ltd. INB051076637 Delhi 233 Ghansham Dass Seth INB050455620 Delhi 234 I.R. Das INB050456022 Delhi 235 Khatuwala Shares Pvt. Ltd. INB051044031 Delhi 236 MCB Securities Ltd. INB050701330 Delhi

Sl. No. Broker Registration No. Stock Exchange 237 MMR Securities Pvt. Ltd. INB051056134 Delhi 238 Navrang Capital Management Limited INB050878039 Delhi 239 Needful Securities & Credits P. Ltd. INB050964934 Delhi 240 Padmini Financial Services Pvt. Ltd. INB050651535 Delhi 241 Prasad & Co. Pvt. Ltd. INB050884239 Delhi 242 Ramesh Chandra Gupta INB050109010 Delhi 243 Ranjit Kumar INB050098315 Delhi 244 S.J. Capital Ltd. INB050679733 Delhi 245 Sadhna Gupta INB050099412 Delhi 246 Securities Brokers of India Ltd. INB050626139 Delhi 247 Sudip Kohli INB050701919 Delhi 248 Tezi Mandi Securities Ltd. INB050971535 Delhi 249 Urmi L. Kohli INB051053818 Delhi 250 Birendra Kumar Chhajer INB130325214 Gauhati 251 Chandra Pal Singh INB131027311 Gauhati 252 Dharam Chand Jain INB130324313 Gauhati 253 Dindayal Sharma (Mishra) INB130334117 Gauhati 254 Hanumanmal Shyamsukha INB130324117 Gauhati 255 Kailash Nath Mittal INB130704616 Gauhati 256 M. Harish Kumar INB130326213 Gauhati 257 Madanlal Bafna INB130340219 Gauhati 258 Mahendra K. Saraogi INB130323010 Gauhati 259 Mahesh Kumar Shah INB130323813 Gauhati 260 Manoharlal Varma INB130330415 Gauhati 261 Manoj Harlalka INB130334411 Gauhati 262 Matsya Stocks & Sec. P. Ltd. INB131015633 Gauhati 263 Nem Chand Jain INB130340317 Gauhati 264 Nita Bawri INB130323412 Gauhati 265 Pankaj Kumar Agarwalla INB130328916 Gauhati 266 Panna Lal Bhansali INB130323715 Gauhati 267 Sanjay Kumar Bokaria INB130688113 Gauhati 268 Sanjay Kumar Jain INB130967917 Gauhati 269 Santosh Kumar Jain INB130333813 Gauhati 270 Surendra Kumar Betalal INB130796712 Gauhati 271 Surendra Kumar Jain INB130338211 Gauhati 272 Umed Singh Jain INB130328818 Gauhati

Sl. No. Broker Registration No. Stock Exchange 273 Kasturi R Suratkal INB240384017 Inter-Connected 274 Nitin C Shah INB240168816 Inter-Connected 275 Goldsun Securities Pvt. Ltd INB240791435 Inter-Connected 276 K. Annamalai INB240477514 Inter-Connected 277 Bakul B.Ghiya INB241100115 Inter-Connected 278 Gandhi Securities & Investment Pvt. Ltd. INB240895533 Inter-Connected 279 Satya Narayan Gupta INB240204314 Inter-Connected 280 P. S. Sreenivasan INB241021113 Inter-Connected 281 Raman Ramniwas INB240190919 Inter-Connected 282 Dev Vrat Jaithalia INB240180415 Inter-Connected 283 Brij Gopal Jaju INB240144015 Inter-Connected 284 Avinashlatha Shares Pvt. Ltd. INB240721739 Inter-Connected 285 Bhagwati Prasad Bajoria INB240324211 Inter-Connected 286 Pradeep Kumar Agarwal INB240943713 Inter-Connected 287 Chothani Growth & Investments Pvt. Ltd. INB241120832 Inter-Connected 288 M Manikandan INB240504713 Inter-Connected 289 A.Rajagopalan INB240535915 Inter-Connected 290 Arun Jaswantlal Acharya INB241125112 Inter-Connected 291 Arvind B. Patel INB240223017 Inter-Connected 292 Ashar's Holding Pvt. Ltd. INB241130732 Inter-Connected 293 Ashok Kumar Agrawal INB240325010 Inter-Connected 294 B.D.Leasing & Finance Ltd. INB241084236 Inter-Connected 295 Bee Tee Finance Pvt. Ltd. INB241100230 Inter-Connected 296 Chandra Kumar Bhandia INB240478512 Inter-Connected 297 Hasmukh N Patani INB241101014 Inter-Connected 298 Intex Securities Pvt. Ltd. INB241125039 Inter-Connected 299 Joseph Anthony V. INB240277815 Inter-Connected 300 K.J.Joseph INB240273913 Inter-Connected 301 Kankani Securities Pvt. Ltd. INB240774530 Inter-Connected 302 Kotadia Narsinbhai Gordhanbhai INB240223314 Inter-Connected 303 M.P.Umesh INB241056614 Inter-Connected 304 Manoj B.Thanvi INB241142216 Inter-Connected 305 Mediterrnian Investments Pvt. Ltd. INB241105031 Inter-Connected 306 Mohammed Ziaur Rehman INB240402710 Inter-Connected 307 Narendra Kumar Gupta INB240184110 Inter-Connected 308 Nemani Fiscal Services Pvt. Ltd. INB241095133 Inter-Connected

Sl. No. Broker Registration No. Stock Exchange 309 Nitin S Thakur INB241099010 Inter-Connected 310 P.Ray Kumar INB241082115 Inter-Connected 311 R Sriram INB240509118 Inter-Connected 312 R.Rukmani INB240505918 Inter-Connected 313 Rahul L Dedhia INB241084517 Inter-Connected 314 Ranjan Kapoor INB240207010 Inter-Connected 315 Ravi Bhatia INB241124818 Inter-Connected 316 Rossama Thomas INB240297011 Inter-Connected 317 Sangita Prasad INB240768912 Inter-Connected 318 Sanjeev Kumar Jha INB241068916 Inter-Connected 319 Saroj Kumar Jain INB240328212 Inter-Connected 320 Shanti Credit & Holdings Pvt. Ltd. INB241148833 Inter-Connected 321 Shekhar Bhuwania INB240206517 Inter-Connected 322 Shyam Sundar Damani INB240476714 Inter-Connected 323 Subhash Gangwal INB240221011 Inter-Connected 324 Subrata Nayok INB240680711 Inter-Connected 325 Mahendra Kumar Agrawal INB240153511 Inter-Connected 326 Aadinath Shares & Services Pvt. Ltd. INB241190139 Inter-Connected 327 Agarwal Equity Broking (India) Pvt. Ltd. INB241201038 Inter-Connected 328 Darshan A Doshi INB241094912 Inter-Connected 329 Krishna Cap-Shares Pvt. Ltd. INB240964230 Inter-Connected 330 Daksh Stock Broking Pvt. Ltd. INB241129031 Inter-Connected 331 Jugal Gupta INB241113811 Inter-Connected 332 Brij Lal Bhatia INB241131615 Inter-Connected 333 Ramesh D Shah INB241091819 Inter-Connected 334 Telelink Securities & Finance Ltd. INB241114132 Inter-Connected 335 Naresh Mundra INB070523414 Madhya Pradesh 336 D.S. Sancheti Securities and Financial Services Ltd. INB070612335 Madhya Pradesh 337 Varsha Doshi INB070158017 Madhya Pradesh 338 Twin Star Finvest Pvt. Ltd. INB071193131 Madhya Pradesh 339 Narsingdas Gupta INB070149819 Madhya Pradesh 340 Anil Agrawal INB070685010 Madhya Pradesh 341 Jawahar Sanmukhani INB070849819 Madhya Pradesh 342 Nagendra Sharma INB070154413 Madhya Pradesh 343 Rajen Saxena INB070162111 Madhya Pradesh 344 Rajesh Kocheta INB070163110 Madhya Pradesh

Sl. No. Broker Registration No. Stock Exchange 345 Rakesh Kumar Agrawal INB070165010 Madhya Pradesh 346 Ramkumar Jagannath Moondra INB070151210 Madhya Pradesh 347 Shashikant Adhikari INB070163414 Madhya Pradesh 348 Devendra Bandil INB070153815 Madhya Pradesh 349 Ajay Tody INB070164912 Madhya Pradesh 350 Kailash Chandra Agrawal INB070151318 Madhya Pradesh 351 Kailash Mehta INB070151611 Madhya Pradesh 352 Kamlesh Agrawal INB070161416 Madhya Pradesh 353 Rajiv Jhavar INB070163619 Madhya Pradesh 354 Al Fahad Investments Ltd. INB071029038 Madhya Pradesh 355 Bharat M Shah INB070523815 Madhya Pradesh 356 Deep Kumar Trivedi INB070160916 Madhya Pradesh 357 Harilal Mangal INB070611915 Madhya Pradesh 358 Interlink Financial Services (P) Ltd. INB070692530 Madhya Pradesh 359 Manmohan Singh Saluja INB070160211 Madhya Pradesh 360 A. Manoharan INB040138112 Madras 361 Ashok Dolia INB040524517 Madras 362 Gilt Securities Private Limited INB040700833 Madras 363 K.R.Sudeesh Kumar INB040524713 Madras 364 Mahesh Bharathan INB040519610 Madras 365 Malathy Prabhakaran INB040137113 Madras 366 Mam Stock Private Limited INB040936132 Madras 367 N.Valliappan INB040524615 Madras 368 Reliable Stks and Shrs (Madras) P. Ltd. INB040673732 Madras 369 S.Seetharaman INB040138318 Madras 370 V. Ramasubramaniyan INB040138611 Madras 371 Vishaala Stocks And Securities Ltd. INB040931333 Madras 372 S.K Ranganathan INB040453028 Madras 373 Ananth Securities Pvt. Ltd. INB040725133 Madras 374 B Shankar INB040133411 Madras 375 Bansal Stocks Pvt. Ltd. INB040720236 Madras 376 Bba Securites & Stocks Pvt. Ltd. INB040720334 Madras 377 G Venkateswaran INB040554018 Madras 378 G.V.Ramakrishnan INB040546310 Madras 379 Gem Stocks Pvt. Ltd. INB040612537 Madras 380 J Natarajan INB040135213 Madras

Sl. No. Broker Registration No. Stock Exchange 381 Krest Share & Securities Pvt. Ltd. INB040692733 Madras 382 M Srinivasa Rao INB040134517 Madras 383 Mahendra Shah Securities (P) Ltd. INB040875035 Madras 384 Marg Capital Markets Ltd. INB040585035 Madras 385 Moolchand Securities Pvt, Ltd. INB040710334 Madras 386 Pasupathy Krishnamurthy INB040133518 Madras 387 Pradip D Kothari INB040454125 Madras 388 Premasundara Iyengar INB040137818 Madras 389 R. Jaya Kumar INB040524811 Madras 390 R. Raghavan INB040540717 Madras 391 S. Lakshmanaraman INB040135311 Madras 392 S. Ramaswamy INB040139718 Madras 393 S. Swaminathan INB040131510 Madras 394 Usha Nair INB040452724 Madras 395 V.S. Alamelu INB040132216 Madras 396 Vinitha Associates Ltd. INB040785437 Madras 397 Nivas Securities Pvt. Ltd. INB040959139 Madras 398 Premier Securities Ltd. INB040581431 Madras 399 Rasika H Kothari INB041053217 Madras 400 T.R.S. Raghavan INB040129914 Madras 401 KMF Securities Limited INB230921832 NSEIL 402 Libra Management Services Ltd. INB230676338 NSEIL 403 Mahesh Investments INB230660129 NSEIL 404 Mardia Securities Limited INB230696739 NSEIL 405 Merit Securities Pvt. Ltd. INB230852831 NSEIL 406 Neeraj Kumar Singal INB230807417 NSEIL 407 Nego Holdings Ltd. INB230644036 NSEIL 408 NRI Financial Services Ltd. INB230663331 NSEIL 409 Parikh And Shah Finvest Pvt. Ltd. INB230806436 NSEIL 410 Parni Securities Ltd. INB230644438 NSEIL 411 Pioneer Securities Pvt. Ltd. INB230934731 NSEIL 412 Prachi Financial Services (P) Ltd. INB230881734 NSEIL 413 Pranav Securities Pvt. Ltd. INB230714330 NSEIL 414 Poise Securities And Exchange Ltd. INB230600833 NSEIL 415 Chanduka Finance Ltd. INB200819037 OTCEI 416 A. Venkat N. Reddy INB200837119 OTCEI

Sl. No. Broker Registration No. Stock Exchange 417 A.N. Prasad INB200869714 OTCEI 418 A. S. Kumar INB200817510 OTCEI 419 A.S.P Investments Limited INB200499331 OTCEI 420 A.V.S. Leasing Pvt. Ltd. INB200867039 OTCEI 421 A. Viswanathan INB200129411 OTCEI 422 AAA Capital Services Pvt. Ltd. INB200898537 OTCEI 423 Aaron Chaze INB200888118 OTCEI 424 Aarthi Fintech Services India Ltd. INB200901339 OTCEI 425 Acumen Financial Services Pvt. Ltd. INB200833131 OTCEI 426 Advance Management Services Pvt. Ltd. INB200833738 OTCEI 427 Ajay Gupta INB200472819 OTCEI 428 Alba Capital Markets Pvt. Ltd. INB200645139 OTCEI 429 Aloke Biyani & Co. INB200817217 OTCEI 430 Alpic Finance Ltd. INB200542132 OTCEI 431 Altina Finance Pvt. Ltd. INB200892837 OTCEI 432 Ami Securities Ltd. INB200875530 OTCEI 433 Amogh Finman Limited INB200898332 OTCEI 434 Anand Padi INB200818010 OTCEI 435 Anil Kumar Sehgal INB200887814 OTCEI 436 Anirudh Mercantile (P) Ltd. INB200583131 OTCEI 437 Apar Securities Ltd. INB200891730 OTCEI 438 Apollo Finvest India Ltd. INB200499634 OTCEI 439 Appropriate Investments Pvt. Ltd. INB200818234 OTCEI 440 APS Management Services P Ltd INB200890937 OTCEI 441 Arch Investment Pvt Ltd. INB200969732 OTCEI 442 ARI-GMG Associates INB200610526 OTCEI 443 Ashish Kumar Kundra INB200915013 OTCEI 444 Ashok Krishnan INB200817912 OTCEI 445 Ashutosh Securities (P) Ltd. INB200867137 OTCEI 446 Associated Share & Stock Brokers Ltd. INB201164036 OTCEI 447 Athreya Shares And Securities P. Ltd INB200893239 OTCEI 448 Atlas Securities Coimbatore Pvt. Ltd. INB200698733 OTCEI 449 Atul C. Shah INB200872917 OTCEI 450 Atul Kumar Tawakley INB200869518 OTCEI 451 Ayyappan Investments(Madras)Pvt. Ltd. INB200583435 OTCEI 452 B M Capital Services P. Ltd. INB200831936 OTCEI

Sl. No. Broker Registration No. Stock Exchange 453 Bayswater Investment & Trading Pvt. Ltd. INB200609037 OTCEI 454 Bharat Venilal Kanakia INB200888813 OTCEI 455 Blida Investments Pvt. Ltd. INB200921035 OTCEI 456 Bonanza Business Services Pvt. Ltd. INB200898136 OTCEI 457 Brahm Gayatri Stock Brokers P. Ltd. INB200893630 OTCEI 458 Brs Investment Consultants INB200558421 OTCEI 459 C.N.Srinivasan INB200887618 OTCEI 460 Chambord Securities Pvt. Ltd. INB200912739 OTCEI 461 Champaklal Invt.& Fin. Consul. Ltd. INB200546539 OTCEI 462 Chemsa Securities P Ltd. INB200820438 OTCEI 463 Chidrupi Financial Ser. Ltd. INB200868939 OTCEI 464 Churiwala Investment Ltd. INB200893337 OTCEI 465 Classic Share Dealers Limited INB200900535 OTCEI 466 Commitment Capital Services Ltd. INB200954032 OTCEI 467 Confina Securities Pvt. Ltd. INB200912631 OTCEI 468 CRA Global Securities Ltd. INB200864737 OTCEI 469 D.S. Financial & Invest.Consul P. Ltd. INB200949732 OTCEI 470 D.S.Sancheti Sec. Fin. Ser. Ltd. INB201212931 OTCEI 471 Deccan Finance Securities Ltd. INB200741730 OTCEI 472 Deepak Portfolios Ltd. INB200773239 OTCEI 473 Deepak S. Oberoi INB200870919 OTCEI 474 Deepika Financial Ser. Limited INB200869037 OTCEI 475 Dhanastra Investments Limited INB200634434 OTCEI 476 Dharani Credit & Finance Pvt Ltd. INB200832230 OTCEI 477 Dhir Housing & Securities Ltd. INB200893934 OTCEI 478 Dil Vikas Finance Ltd. INB200652436 OTCEI 479 Dilip Dhirajlal Gandhi INB200890410 OTCEI 480 Dinesh Sood INB200869812 OTCEI 481 Dinkar Maheshwari INB200870615 OTCEI 482 Dishant Leasing & Fin. Co.(P) Ltd INB200862935 OTCEI 483 Dr Baldev Krishan Ahuja INB200950919 OTCEI 484 Dugar Stock Broking Ltd INB200940438 OTCEI 485 Emerging Financial Services Ltd INB200590937 OTCEI 486 Enarai Finance Limited INB200501133 OTCEI 487 Excell Capital Market Serv. P. Ltd. INB200820232 OTCEI 488 Fast Capital Securities Ltd. INB200937039 OTCEI

Sl. No. Broker Registration No. Stock Exchange 489 Ferromech (India) Pvt Ltd. INB200912837 OTCEI 490 Fiduciary Capital & Fin. Ser. Ltd. INB200751730 OTCEI 491 First Liberty Securities Pvt. Ltd. INB200891231 OTCEI 492 Fortune Financial Services (Ffs) INB200610624 OTCEI 493 Fundamental Securities Pvt. Ltd INB200818831 OTCEI 494 G.M. Merchant Bnk. & Fin. Ser. Ltd. INB200831437 OTCEI 495 Gayatri Shares & Stock Limited INB200913131 OTCEI 496 Gee Vee Capital Services Pvt. Ltd. INB200912935 OTCEI 497 Global Credit Capital Ltd. INB200891936 OTCEI 498 Gola Securities Ltd. INB201153930 OTCEI 499 Govindlal M. Parikh INB200579714 OTCEI 500 GPS Stock Brokers Pvt. Ltd INB200925530 OTCEI 501 Grofin Securities & Holdings Ltd. INB200608733 OTCEI 502 Grorich Consultants P. Ltd. INB200913033 OTCEI 503 Grover Consultants Pvt. Ltd. INB200559135 OTCEI 504 Halkara Finance Pvt. Ltd. INB200895433 OTCEI 505 Headstart Securities (P) Ltd. INB200893131 OTCEI 506 Hindustan Holdings Limited INB200727832 OTCEI 507 Ind Global Shares & Securities Ltd. INB200706833 OTCEI 508 Insight Stocks & Securities Pvt Ltd. INB200583934 OTCEI 509 Investech Finance Limited INB200928635 OTCEI 510 Jai Stock Brokers Ltd. INB200606931 OTCEI 511 Jas-One Securities Pvt. Ltd. INB200643532 OTCEI 512 Jayadurga Investments (P) Ltd. INB200584032 OTCEI 513 Jesse Securities Pvt Limited INB200928831 OTCEI 514 Jindal Securities Pvt Ltd. INB200559233 OTCEI 515 Jineshwar Fin. & Cons. Serv. P. Ltd INB200895335 OTCEI 516 Joginder Singh INB200869910 OTCEI 517 K & P Capital Services Ltd. INB201164630 OTCEI 518 K.B.Agarwal INB200473612 OTCEI 519 K.C.Georgge INB200836815 OTCEI 520 K.K.Finbuilds Pvt. Ltd. INB200899439 OTCEI 521 K.R. Balasubramaniam INB200873916 OTCEI 522 Kalinga Shareshoppe Pvt. Ltd. INB200895638 OTCEI 523 Kanan C. Sheth INB200872418 OTCEI 524 Kanchan Malik INB200888715 OTCEI

Sl. No. Broker Registration No. Stock Exchange 525 Kandarp Financial Services (P) Ltd. INB200896735 OTCEI 526 KBS Capital Management Ltd. INB200913532 OTCEI 527 KFIC Securities Pvt. Ltd. INB200712436 OTCEI 528 Krishna Stockequity Pvt. Ltd. INB200718733 OTCEI 529 Lateral Financial Services P Ltd. INB200831632 OTCEI 530 Leaprofin Securities Ltd. INB200559331 OTCEI 531 Leena P. Shah INB200871419 OTCEI 532 Lynx Stock Broking Limited INB200834032 OTCEI 533 M. Balasubramaniam INB200580713 OTCEI 534 M.Jitendra Kumar INB200817618 OTCEI 535 MA Capital Market Services Limited INB200502034 OTCEI 536 Madhukar Khosla INB200557912 OTCEI 537 Malini Agarwalla INB200888412 OTCEI 538 Manmohan Loya INB200890517 OTCEI 539 Manshukhlal Kothari Inv & Fincon P.Ltd INB200502132 OTCEI 540 Mascot Securities Ltd. INB200770731 OTCEI 541 Master Holdings Pvt Limited INB200566637 OTCEI 542 MCS Securities Pvt. Ltd. INB200862837 OTCEI 543 Mid-East Investment Services P. Ltd. INB200834130 OTCEI 544 MNJ Securities & Investments Ltd. INB200836539 OTCEI 545 Mohan Abraham Jacob INB200817814 OTCEI 546 Monnet Holdings Limited INB200913630 OTCEI 547 Motley Securities Pvt Ltd. INB200921133 OTCEI 548 Mrs K. Indirani INB200580517 OTCEI 549 Muhafiz Credit & Invest.(I) Pvt. Ltd. INB200896637 OTCEI 550 Munshi's Invest. & Finance (P) Ltd. INB200863532 OTCEI 551 Nagpur Financial Services Pvt. Ltd. INB200894933 OTCEI 552 Nasik Share Registry Pvt. Ltd. INB200895031 OTCEI 553 Navair International Ltd. INB200581749 OTCEI 554 NCJ Securities Ltd. INB200901133 OTCEI 555 Newage Shares & Stock Brokers P. Ltd. INB200894434 OTCEI 556 Niche Share & Stock Brokers P. Ltd. INB200811231 OTCEI 557 Finpic Security Broking Pvt. Ltd. INB111106135 Pune 558 Jayant Madhusudan Wadekar INB110252514 Pune 559 KSC Securities Ltd. INB111074630 Pune

Sl. No. Broker Registration No. Stock Exchange 560 Dr.Bora Abhaykumar Premraj INB111035714 Pune 561 Sethuraman Chandru INB110618714 Pune 562 Tandem Securities Pvt. Ltd. INB110802239 Pune 563 Yatin D. Shah INB110245316 Pune 564 Rupa Chandrakant Pradhan INB110248411 Pune 565 Jayant Damodar Natu INB110250017 Pune 566 Hasmukhlal Ambalal Shah INB110250810 Pune 567 Feroz S.Gangji INB110252417 Pune 568 Ramesh H. Gundecha INB110253014 Pune 569 Arvind Rasiklal Shah INB110527118 Pune 570 Rupa Rajesh Patankar INB110618812 Pune 571 Xanax Capital Investments Pvt. Ltd. INB110773434 Pune 572 Growever Investment Pvt Ltd. INB110780838 Pune 573 Trimiti Invsts & Finl Servs P. Ltd. INB110910534 Pune 574 Chordia & Associates INB111093812 Pune 575 Phushpalaxmi Credit & Capital Pvt. Ltd. INB111094331 Pune 576 Phoenix Shares & Stocks Pvt. Ltd. INB111122736 Pune 577 Jyoti Rajesh Parikh INB111147113 Pune 578 Sure Capital Pvt. Ltd. INB111092137 Pune

2. The Officers have submitted their reports in respect of aforesaid 578 stock brokers recommending suspension of certificates of registration granted to them for a period of 6 (six) months or till such time the outstanding registration fees is paid, whichever is later.

3. I have considered the recommendations of the Officers and agree with the same.

4. I note that the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 have since been repealed and replaced by the SEBI (Intermediaries) Regulations, 2008.

5. I, therefore, in exercise of the powers conferred upon me under Section 19 of the SEBI Act, 1992 read with Regulation 33B (5) and (6) of the SEBI (Intermediaries) Regulations, 2008, hereby suspend the certificates of registration of the aforesaid 578 stock brokers for a period of 6 (six) months or till the time outstanding registration fees is fully paid, whichever is later. Consequently, the certificates of registration of these stock brokers and sub brokers of subsidiaries of Stock Exchanges in terms of Para 2 of the Circular No.SMD-II/POLICY/CIR-37/99 dated November 26, 1999 also shall remain suspended accordingly.

6. A copy of this order shall be served on the respective stock exchanges of which these 578 stock brokers are members and sub brokers for necessary action.

7. This Order shall come into force on the expiry of 21 days from the date of this order.

Date: August 10, 2009 M. S. SAHOO Place: Mumbai WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA