All Trading Members of the Exchange,
1. The Trading Members of the Exchange are hereby informed that the Exchange has declared Mahesh Kothari Share & Stock Brokers Pvt. Ltd. (Clg No.461), a corporate Trading Member of the Exchange, a Defaulter, with effect from Tuesday, 25th September, 2012 under the Rules, Bye-laws and Regulations of the Exchange, on account of its inability to implement the arbitration award and also discharge its obligations and liabilities towards the Exchange.
2. The Trading Members / investors who have any outstanding claims against Mahesh Kothari Share & Stock Brokers Pvt. Ltd. (Clg No.461), are advised to file arbitration reference/s with the Exchange, if they so desire, within the prescribed time under Limitation Act, 1963, after which no claim shall be entertained by the Exchange.
3. The Trading Members / investors who have already obtained arbitration awards in their favour, which have not been complied with so far, are advised to submit to the Exchange, their claims with Arbitration Awards within 2 months from the date of issue of this notice.
4. In case of objections, if any, arising in future against Mahesh Kothari Share & Stock Brokers Pvt. Ltd., for the shares received by the trading members / investors under objections, they are advised to settle their claims through arbitration mechanism at the Exchange and file Awards, if they are in their favour, as well as the relevant original Share Certificates and Transfer Deeds, with the Exchange within six months from the date of Objection Memos of the company (which returned the shares under objection). Claims which are not submitted in the manner and / or within the stipulated period as stated in this para, shall not be entertained by the Exchange.
Gopalkrishnan Iyer Yogesh Bambardekar
General Manager, Dy. Gen. Manager
Department of Investor Services Department of Investor Services
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