The Trading Members of the Exchange are hereby informed that, pursuant to expulsion of Unicon Securities Pvt. Ltd. by National Stock Exchange of India Ltd. vide its circular no. 162/2014 dated September 5, 2014, the Exchange has expelled M/s. Unicon Securities Pvt. Ltd. (Clg. No. 3063), a corporate Trading Member of the Exchange from the membership of the Exchange, as required under the provisions of circular No.F.No.1/26/SE/91 dated August 12, 1991 issued by Ministry of Finance (Department of Economic Affairs), Government of India and also declared the said member as defaulter under Rules, Bye-laws and Regulations of the Exchange w.e.f. September 10, 2014.
The Trading Members / investors who have any outstanding claims against M/s. Unicon Securities Pvt. Ltd., including those whose claims have been decided in IGRC, 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.
Further, investors who have any outstanding claims against M/s Unicon Securities Pvt. Ltd. are requested to note that they are advised to file arbitration reference/s with the Exchange, if they so desire, within 120 days from the date of this notice failing which their claims will not be eligible for receiving compensation from the Investor Protection fund (IPF), as provided under SEBI circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004 and circular No. MRD/DP/06/2011 dated June 16, 2011 and any other modifications/circulars as may be issued by SEBI in this regard, from time to time and as per the provisions of the Trust deed and Rules of IPF.
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.
In case of objections, if any, arising in future against M/s. Unicon Securities 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.
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Gopalkrishnan Iyer
Sr. General Manager
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Ravindra Palande
Asst. Gen. Manager
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