Market regulator the Securities and Exchange Board of India (Sebi) today suspended as many as 213 share brokers for not paying registration fees.
These stock brokers, the Sebi said, did not respond to the public notice issued in various newspapers, within the stipulated date.
"I, therefore, consider it appropriate that ends of justice would be met if the certificates of registration of the said 213 brokers are suspended till the time the outstanding registration fees fully paid by these stock brokers," whole-time director MS Sahoo said in the order, which would be enforced after 21 days from today.
"A copy of this order shall be served on the respective stock exchanges of which these 213 stock brokers are members and/or sub-brokers for necessary action," Sebi said.