PRESS RELEASE - SEBI

October 28, 2010
PR No. 240/2010

Consent Order on the application submitted by Nouvelle Securities Pvt. Ltd. 

in the matter of Millennium Infocom Technologies Ltd.

A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed consent order dated October 22, 2010 on an application submitted by Nouvelle Securities Pvt. Ltd., member, Delhi Stock Exchange Ltd. in the matter of Millennium Infocom Technologies Ltd., in accordance with SEBI circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of ` 5,00,000/- (Rupees five lakh only) towards settlement charges as terms of consent in the matter. SEBI has accepted the said terms of settlement and this consent order disposes of the proceedings initiated against Nouvelle Securities Pvt. Ltd. under Regulation 25 (1) of SEBI (Intermediaries) Regulations, 2008. 

 
Mumbai

October 28, 2010

 


For full copy of order against NOUVELLE SECURITIES PVT.LTD., click here.