June
16, 2011
PR
No. 092/2011
Orders against CFL Securities Limited and Tropical Securities and Investment Private Limited in the matter of M/s. Jagsonpal Pharmaceuticals Limited
Shri Prashant Saran, Whole Time Member, SEBI, has passed two orders dated June 09, 2011 in the matter of M/s. Jagsonpal Pharmaceuticals Limited suspending the certificates of registration of stock brokers CFL Securities Ltd. and Tropical Securities and Investment Private Limited for a period of two months.
The order in respect of Tropical Securities and Investment Private Limited, shall run concurrently with the SEBI order dated December 07, 2009, whereby SEBI had suspended the certificate of registration of Tropical Securities and Investments Private Limited till the time it pays the outstanding fees to the SEBI.
The orders shall come into force on expiry of twenty one days from the date of the orders.
Mumbai
June 16, 2011
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