February 05, 2009
PR No. 077/2009

Consent Order in the matter of Prime Securities Limited

A Panel consisting of Whole Time Members, SEBI, Shri M.S. Sahoo and Dr. K.M. Abraham, has passed a consent order dated January 29, 2009 on the consent application submitted by New Vernon Private Equity Limited for failure to make adequate disclosure in terms of Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The applicant has without admitting or denying guilt, remitted a sum of Rs.35000/-(Thirty five thousand only) towards settlement charges in the matter.


February 05, 2009


For full copy of order against NEW VERNON PRIVATE EQUITY LTD., click here.