PRESS RELEASE - SEBI

 January 20, 2009
PR No. 041/2009

Order against M/s. Cardioid Securities Pvt. Ltd., Shri Parimal Bhagvatilal Bhalja and Shri Abhayraj Shukla in the matter of Sarita Software & Industries Ltd.

Dr. T. C. Nair, Whole Time Member, SEBI, has passed an order dated January 14, 2009, in the matter of Sarita Software & Industries Ltd. restraining 1) M/s. Cardioid Securities Pvt. Ltd., 2) Shri Parimal Bhagvatilal Bhalja and 3) Shri Abhayraj Shukla from accessing the securities market either directly or indirectly and also prohibiting them from buying, selling or otherwise dealing or otherwise dealing in securities, in any manner whatsoever, for a period of six months.

The order comes into force with immediate effect.
 

Mumbai

January 20, 2009

 


For full copy of order against ABHAYRAJ SHUKLA, click here.

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

For full copy of order against PARIMAL BHAGVATILAL BHALJA, click here.