Sebi has asked the exchange to reply to the notice by September 6, 2002. The board will be given a chance to have its say on September 14, 2002.
It may be recalled that Home Trade was denied membership on The Stock Exchange, Mumbai (BSE). Subsequently, Home Trade managed to get listed on the Pune Exchange. It was on the basis on this listing that the main promoter, Sanjay Agarwal, went on to build his company.