June 17, 2009
PR No. 190/2009

Consent Order in the matter of Universal Print Systems Limited

A panel consisting of Shri M.S. Sahoo, Whole Time Member, SEBI, and Dr. K.M. Abraham, Whole Time Member, SEBI, has passed a consent order dated June 16, 2009 on the consent application submitted by Mr. Rakesh Kukillaya (hereinafter referred to as applicant) for considerable delay in filing a report under Regulation 3(4) read with Regulation 3(5) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 in connection with acquisition of 3.20% of the share capital of Universal Print Systems Limited by virtue of a gift deed dated July 21, 2005. The applicant without admitting or denying guilt has remitted a sum of Rs. 75,000/-(Rupees Seventy five thousand only) towards settlement charges in the matter. 


June 17, 2009

For full copy of order against RAKESH KUKILLAYA, click here.