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        <h1>Stock Brokerage Firm Issued Misleading Circular; Government Urges Strict Adherence to Conduct Code and Vigilance by Exchanges.</h1> A stock brokerage firm acting as underwriters issued an undated and unsigned circular with statements that contradicted the terms sanctioned by the Controller of Capital Issues. This action potentially violated penal provisions of the Companies Act concerning the offer and sale of shares. Although the government chose not to pursue further action in this instance, it emphasized the expectation for stock brokers to adhere to a strict code of conduct and urged stock exchanges to be vigilant and take decisive action if similar situations arise in the future.

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