Cancellation the registration of Members 

Secondary Market Department

The Securities and Exchange Board of India (SEBI) has cancelled the registration of M/s. Hoffland Share Shoppe Ltd., member of Madras Stock Exchange & Delhi Stock Exchange and M/s.Hoffland Finance Ltd., member of Bangalore Stock Exchange & Jaipur Stock Exchange with immediate effect. The registration has been cancelled in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992. Enquiry was initiated against the broker on the basis of various complaints received from investors with regard to the alleged default by the broking entities in repaying security deposits to the investors along with the interest. 
 
M/s. Hoffland Share Shoppe Ltd and M/s.Hoffland Finance Ltd. will not be entitled to carry on the business as a Stock Broker with immediate effect.