| PRESS RELEASE - SEBI |
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October 18, 2004
PR No.
280/2004
Order issued in the matter of application submitted by Creditcapital Asset Management Company Ltd., Mumbai for registration as a portfolio manager
The application submitted by Creditcapital Asset Management Company Ltd., Mumbai for registration as a portfolio manager has been rejected by SEBI vide order dated October 8, 2004.
In view of the multiple legal proceedings pending against the company, SEBI is of the view that granting a fresh registration to the applicant company, to act in a new capacity in the securities market, is not desirable, at this point of time. In addition, the applicant has also not fulfilled the networth criteria as laid down under regulation 6(2) (g) of the SEBI (Portfolio Managers) Regulations, 1993. Therefore, SEBI passed the order rejecting the said application.
Mumbai
October 18, 2004
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For full copy of order against BHASIN SHARE & STOCK BROKERS LTD., click here.
For full copy of order against CREDITCAPITAL ASSET MANAGEMENT CO.LTD., click here.
For full copy of order against HB PRIMA CAPITAL LTD., click here.
For full copy of order against HB SECURITIES LTD., click here.
For full copy of order against J.P.KUNDRA, click here.
For full copy of order against JAI SINGH, click here.
For full copy of order against LALIT BHASIN, click here.
For full copy of order against M.G.GUPTA, click here.
For full copy of order against P.MURARI, click here.
For full copy of order against R.K.GUPTA, click here.
For full copy of order against RAJARAM BHASIN SHARE & STOCK BROKERS LTD., click here.
For full copy of order against RRB MASTER HOLDINGS LTD., click here.
For full copy of order against RRB MASTER SECURITIES DELHI LTD., click here.