September
22, 2008
PR No. 185/2008
Consent order against Shri Atul H. Shah and Shri Raju B. Shah in the matter of Shalibhadra Infosec Ltd.
A Panel consisting of Dr. T. C. Nair, Whole Time Member and Shri M.S.Sahoo, Whole Time Member has passed consent order dated September 18, 2008, on an application submitted by Shri Raju B. Shah and Shri Atul H. Shah, in the matter of Shalibhadra Infosec Ltd. in accordance with SEBI guidelines dated April 20, 2007 for consent orders. The applicants have remitted a sum of Rs. 10 Lakh and Rs 5 Lakh respectively towards the terms of consent in the matter and have 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.
Mumbai
September 22, 2008
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