April 22, 2009
PR No. 142/2009

Consent Order on the application submitted by Gravity (India) Limited, Shri Rasiklal D. Thakkar and Gravity Textiles Pvt. Ltd. in the matter of Gravity India Limited

A Panel consisting of Whole Time Members, SEBI, Shri M. S. Sahoo and Dr. K.M.Abraham has passed a consent order dated April 20, 2009, on an application submitted by Gravity (India) Limited, Shri Rasiklal D. Thakkar and Gravity Textiles Pvt. Ltd. in the matter of Gravity India Limited, in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicants have remitted a sum of Rs.10,00,000/- (Rupees ten lakh only) towards the terms of consent in the matter. The applicants have also undertaken not to buy, sell or deal in securities in any manner whatsoever, directly or indirectly, for a period of two years and accordingly, it is also ordered that the applicants shall not buy, sell or deal in securities, in any manner whatsoever, for a period of two years from April 21, 2009. 
 
The order comes into force with effect from April 21, 2009.

 
Mumbai

April 22, 2009

For full copy of order against GRAVITY (INDIA) LTD., click here.

For full copy of order against GRAVITY TEXTILES PVT.LTD., click here.

For full copy of order against RASIKLAL D.THAKKAR, click here.