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CSE records maintenance report

Our Bureau

Kolkata, June 1

The Securities and Exchange Board of India has directed the Calcutta Stock Exchange (CSE) to submit a report on the measures taken by it with regard to maintenance of records relating to listing requirements. The regulator had earlier advised CSE to take steps for proper maintenance of records. The exchange will have to furnish the compliance report within 15 days. SEBI has also vacated its earlier order (issued in November 2005) against five companies - Nageshwar Investment, Adinath Bio-Labs, Globe Stocks & Securities, Goenka Business & Finance and Coronet Industries. These entities were requested to submit their responses and personal hearing was granted to them in April this year. The November order had incidentally led to suspension of trading in their scrips.

This suspension order, will remain in force till investigation is concluded, the regulator has said.

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