October 29, 1997
PR No. 128/1997

WARNING TO M/S MANHARLAL SHANTILAL 
SECONDARY MARKET DEPARTMENT

The Securities and Exchange Board of India (SEBI) has warned M/s. Manharlal Shantilal, member of Bombay Stock Exchange for violating the Code of Conduct specified under SEBI (Stock Brokers and Sub-brokers) Rules & Regulations, 1992 by not meeting the genuine and just claim of a complainant i.e. pay back of Rs.53,760/- and endorsing the securities. The member had also violated Rule 4 (e) of the rules by not taking adequate steps to resolve the complainant's grievance. The warning has been served in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992 for violation/contravention of Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992.