February 20, 2009
PR No. 092/2009

Consent Order in the matter of SCIL Ventures Limited

A Panel consisting of Whole Time Members, SEBI, Shri M.S. Sahoo and Dr. K.M. Abraham has passed a Consent Order dated February 17, 2009 in accordance with SEBI Circular on consent orders dated April 20, 2007 on an application submitted by SCIL Ventures Limited, in the matter of non disclosure of details as required under Regulation 6 (2) and Regulation 8 (3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 for the years 1997 and 1998-2002 respectively.
They have remitted a consolidated amount of Rs.1,75,000/- (Rupees one lakh seventy five thousand only) towards settlement charges in the matter without admitting or denying guilt.


February 20, 2009


For full copy of order against SCIL VENTURES LTD., click here.