Century Consultants Ltd. - Corporate Composite member, declared defaulter

The Exchange has declared Century Consultants Limited (Clg. No 81), a corporate composite member having two component membership rights as a defaulter under the Rules, Bye-laws and Regulations of the Exchange for their failure to meet obligations to their clients and liabilities to the Exchange.

Century Consultants Limited (Clg. No. 81) was restrained from doing any further business on the Exchange w.e.f.
17^th March 2001.

Those members/investors who have any outstanding claims against defaulter - Century Consultants Limited (Clg. No. 81), are required immediately to file their claims in arbitration and obtain arbitration awards in their favour and then put up their claims supported by arbitration awards to the Defaulters' Committee for its consideration. If no such claims are put up within six months from the date of declaration of default, the Defaulters' Committee will not entertain the claims of such members/investors at a later date. These claims should be filed with Dy. General Manager, Investors Services Cell, 1^st Floor, Rotunda Bldg., Dalal Street, Fort, Mumbai 400 001.

Those members/investors who have already obtained such arbitration awards in their favour, which have not been settled, are required to put up their claims supported by the arbitration awards before the Defaulters' Committee for its consideration immediately and in any case not later than 17^th January 2002.

In case of future objections arising against the above named defaulter, members/investors should obtain arbitration awards in their favour within six months and file the awards with the Defaulters' Committee for its consideration. If no such claims are put up as stated in this para, the Defaulters' Committee will not consider the claims of such members/investors after the stipulated time.

A. N. Joshi
Executive Director

July 18, 2001