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SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, B Wing, First Floor,
224, Nariman Point, Mumbai 400 021.

SMD/Policy/Cir.No.24/25374/2001
March 22, 2001

The President/Executive Director/Managing Director All Stock Exchanges

Dear Sir,

Sub : Exclusion of turnover from the turnover of the subsidiary

Please find enclosed a copy of the SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2000 dated 30th August, 2000.

You may advise your members suitably.

Yours faithfully,
D. RAVIKUMAR
DEPUTY GENERAL MANAGER
SECONDARY MARKET DEPARTMENT

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