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SEBI Notices |
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PRESS RELEASE
PR No.137/2008
Shri M. S. Sahoo joins SEBI as Whole Time Member
Shri Madhu Sudan Sahoo has joined Securities and Exchange Board of India (SEBI), as a Whole Time Member, today.
Mumbai
July 14, 2008
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Source: SEBI Date: 2008-07-14 |
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PRESS RELEASE
PR No.136/2008
Order against Keynote Capitals Ltd., Member, BSE
Dr. T.C. Nair, Whole Time Member, SEBI, has passed an order dated July 09, 2008 against Keynote Capitals Ltd., Member, Bombay Stock Exchange Ltd. (BSE), imposing a penalty of suspension of the Certificate of Registration of the broker for a period of one day. The order was passed against the broker for its dealings in the shares of Himachal Futuristic Communications Ltd. and Adani Exports Ltd. (now known as Adani Enterprises Ltd.).
The order shall come into effect on expiry of 21 days from the date of the order.
The full text of the order is available on the website www.sebi.gov.in
Mumbai
July 10, 2008
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Source: SEBI Date: 2008-07-14 |
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PRESS RELEASE
PR No.135/2008
Order against M/s. Sanju Kabra, Member, Calcutta Stock Exchange in the matter of M/s. Global Capital Markets Ltd.
Dr. T.C.Nair, Whole Time Member, SEBI, has passed an order dated July 02, 2008 imposing a major penalty of suspension of the certificate of registration of M/s. Sanju Kabra, Member, Calcutta Stock Exchange Ltd., (SEBI registration no. INB 031127419) for a period of four months in respect of dealings in the shares of Global Capital Markets Ltd.
The period of prohibition already undergone by M/s. Sanju Kabra under SEBI order passed earlier would be set off against the aforesaid period of suspension.
The full text of the above order is available on the website: www.sebi.gov.in
Mumbai
July 09, 2008
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Source: SEBI Date: 2008-07-14 |
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PR No.133/2008
Consent order against Shri Atul Hiralal Shah in the matter of
Genus Commutrade Ltd.
A Panel consisting of Shri C.B.Bhave, Chairman and Dr. T. C. Nair, Whole Time Member has passed consent order dated July 04, 2008, on application submitted by Shri Atul Hiralal Shah, in the matter of Genus Commutrade Ltd. in accordance with SEBI guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.6 lacs towards the terms of consent in the matter and has also undertaken a voluntary bar from buying, selling or otherwise dealing in securities market, directly or indirectly, in any manner whatsoever, for a period of one year.
The order shall come into force with immediate effect.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
July 08, 2008
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Source: SEBI Date: 2008-07-08 |
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PR No.134/2008
Consent order against Shri Raju B. Shah in the matter of
Genus Commutrade Ltd.
A Panel consisting of Shri C.B.Bhave, Chairman and Dr. T. C. Nair, Whole Time Member has passed consent order dated July 04, 2008, on application submitted by Shri Raju B. Shah, in the matter of Genus Commutrade Ltd. in accordance with SEBI guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 5 lacs towards the terms of consent in the matter and has also undertaken a voluntary bar from buying, selling or otherwise dealing in securities market, directly or indirectly, in any manner whatsoever, for a period of twelve months.
The order shall come into force with immediate effect.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
July 08, 2008
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Source: SEBI Date: 2008-07-08 |
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PR No.131/2008
Mandatory requirement of Permanent Account Number (PAN)
SEBI vide circular dated June 30, 2008 has clarified that Permanent Account Number (PAN) may not be insisted in the case of Central Government, State Government, and the officials appointed by the Courts e.g. Official Liquidator, Court Receiver etc. (under the category of Government) for transacting in the securities market.
It is observed that certain media reports have wrongly reported the aforesaid provision of the said SEBI circular. It is hereby clarified that the exemption from mandatory PAN requirement applies to transactions undertaken on behalf of the Central and State Government, but not to the transactions of the employees of Central and State Government in their personal capacity.
Mumbai
July 04, 2008
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Source: SEBI Date: 2008-07-07 |
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PR No.132/2008
Consent order in the matter of M/s. Ballarpur Industries Ltd. (BILT)
A Panel consisting of Shri C.B.Bhave, Chairman and Dr. T. C. Nair, Whole Time Member has passed consent order dated July 04, 2008, on applications submitted by 33 entities/individuals, in the matter of M/s. Ballarpur Industries Ltd. alleged to be involved in ‘customized front running’, in accordance with SEBI Guidelines dated April 20, 2007 for consent orders. The applicants have remitted a sum of Rs.80.34 lacs towards the terms of consent in the matter.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
July 04, 2008
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Source: SEBI Date: 2008-07-07 |
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PR No.130/2008
Consent Order in the matter of Kausar India Limited
A Panel consisting of Shri C.B.Bhave, Chairman and Dr. T. C. Nair, Whole Time Member has passed consent order dated June 16, 2008, in the matter of Kausar India Limited on the application of consent for non compliance of Regulation 7 (1A) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 submitted by Mr. Sadeev Sandhu, Ms. Kashni Sandhu and Ms. Shilpi Sandhu (Persons Acting in Concert)., in accordance with SEBI Guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.50,000/- (Rupees Fifty Thousand only) towards the terms of consent in the matter.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
July 01, 2008
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Source: SEBI Date: 2008-07-02 |
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PR No.129/2008
Order against Vision Organics Ltd. and its Promoters/Directors
Shri J H Shah and Smt. Nayana J Shah
Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated June 20, 2008 restraining Vision Organics Limited, its Promoters/Directors Shri J H Shah and Smt Nayana J Shah from accessing the securities market and prohibiting them form buying, selling or dealing in securities market for a period of three years.
The restrain already undergone by the noticees pursuant to SEBI order dated January 24, 2006, shall be reduced while computing the period of restrain being imposed vide this order.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
June 23, 2008
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Source: SEBI Date: 2008-06-23 |
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PR No.128/2008
SEBI BOARD MEETING
The SEBI Board held its meeting in Mumbai today and decided as follows:
Introduction of Exchange Traded Currency Futures Market:
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The Board took note of the Report of the RBI-SEBI Standing Technical Committee on Exchange Traded Currency Futures. The Board also noted that applications have been received from two Exchanges, namely National Stock Exchange of India Ltd. (NSE) and Multi Commodity Exchange India Ltd. (MCX), for starting exchange traded currency futures platform.
The Board also approved the draft amendment to the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992, providing for registration of Trading and Clearing Members of the currency derivative segment of a Stock Exchange.
Issues related to Depositories:
The Board considered the system audit report of M/s. Pricewaterhouse Coopers regarding inter – depository transfer systems between NSDL and CDSL and noted the recommendations made therein. The Board also noted that with regard to the problems in inter-depository transfers witnessed on December 19, 2007 and January 8, 2008, two issues related to CDSL system, which have subsequently been rectified by CDSL.
The Board took note of the developments regarding charges levied by CDSL and efforts made by SEBI to bring about transparency in the matter.
Amendment to Regulation 32 of SEBI (Depositories and Participants) Regulations, 1996:
The Board approved the amendments to Regulation 32 of SEBI (Depositories and Participants) Regulations, 1996 for doing away with the requirement of the depositories to ensure payments before effecting the transfer, in the demat system.
Mumbai
June 20, 2008
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Source: SEBI Date: 2008-06-21 |
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PR No.126/2008
Grant of exemption to Abbott Capital India Limited pursuant to buy back of shares by Abbott India Limited
Dr. T.C.Nair, Whole Time Member, SEBI has passed an Order dated June 17, 2008, granting exemption to the acquirers viz. Abbott Capital India Limited (acquirer) from making an open offer in terms of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, with regard to increase in their voting rights from 65.14% to 68.94% consequent to the proposed buy back of shares by M/s. Abbott India Limited (Target Company). Pursuant to the said increase in voting rights, there would not be any change in control of the target company.
The application seeking exemption was forwarded by SEBI to the Takeover Panel. The Panel recommended for exemption to the acquirer from making an open offer.
The full text of the above Order is available on the website www.sebi.gov.in
Mumbai
June 20, 2008
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Source: SEBI Date: 2008-06-20 |
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PR No.122/2008
Order against M/s. Subh Laxmi Projects Limited now known as
M/s. Concrete Credit Limited
Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated June 2, 2008 in the matter of M/s. Subh Laxmi Projects Limited now known as M/s. Concrete Credit Limited, a company listed at Calcutta Stock Exchange Association Limited (CSE). The said company shall be eligible for trading at the exchange subject to complying with all other applicable laws. Earlier the trading in the shares of the company were suspended vide an interim order dated September 29, 2005.
The full text of the above order is available on the website: www.sebi.gov.in.
Mumbai
June 09, 2008
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Source: SEBI Date: 2008-06-10 |
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