SEBI restrains 3 entities from market for two years

Mumbai, July 11 (UNI) Securities and Exchange Board of India (SEBI) has restrained three market entities Messers Patni Shares and Derivative Company, Ashish Patni and Ujwal Patni from buying, selling or dealing in the securities in any manner for a period of two years with immediate effect.

The capital market regulator issued prohibition orders against these firms for acting as unregistered sub-broker in contravention of section 12(1) of the SEBI Act, 1992 and Rule 3 of SEBI Regulations, 1992, a SEBI order said here today.

UNI