October 24, 2008
PR No. 236/2008
Consent Order in the matter of M/s. Consolidated Securities Ltd.
A Panel consisting of Whole Time Members, Dr. T.C.Nair and Shri M.S. Sahoo, has passed a consent order dated October 23, 2008, on the consent application submitted by M/s. Consolidated Securities Ltd. for non compliance of Regulations 6(2) and 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the year 1997 and 8(3) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the years 1998-2003 and 2005 in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,50,000/- (Rupees two lakh fifty thousand only) towards the settlement charges in the matter.
Mumbai
October 24, 2008
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