February
25, 2009
PR No. 097/2009
Consent Order in the matter of SCIL Ventures Limited
A Panel consisting of Whole Time Members, SEBI Shri M.S.Sahoo and Dr. K.M. Abraham has passed a Consent Order dated February 19, 2009 in accordance with SEBI Circular on consent orders dated April 20, 2007 on an application submitted by Securities Analysis (India) Pvt. Limited and Mr. Rajashekar Iyer in the matter of SCIL Ventures Limited for non disclosure of information required under Regulation 6(1), 6(2), 8(1) & 8(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the years 1997 to 2002 and for non disclosure of information required under Regulation 3(3) for the year 1998 & 2005, Regulation 3(4) for the years 1998, 1999, 2005 & 2007.
They have remitted a consolidated amount of Rs.4,00,000/- (Rupees four lakh only) towards settlement charges in the matter without admitting or denying guilt.
Mumbai
February 25, 2009
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