January
15, 2009
PR No. 027/2009
Order against Masat Texurising and Twisting Private Ltd. in the matter of IPO investigations
Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated January 12, 2009, in the matter of IPO Investigations against Masat Texurising and Twisting Private Ltd.
Masat Texurising and Twisting Private Ltd. was identified as financier to Roopal
Panchal, a key operator in the IPO of FCS Software. Based on the findings, SEBI passed ad interim
ex-parte order on April 27, 2006 and Masat Texurising and Twisting Private Ltd. was directed not to buy, sell or deal in the securities market including in
IPOs, directly or indirectly, till further directions. Also a detailed show cause notice was issued against it on January 7, 2009.
Pursuant to that ex-parte ad interim order following directions were issued:
�I confirm the ad interim order and it shall continue till the disposal of show cause
notice dated January 7, 2009.�
Mumbai
January 15, 2009
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