June 22, 2009
PR No. 196/2009
Consent Order in the case of Shri Satish R. Shah in the matter of M/s. Sawaca Communication Ltd.
A Panel consisting of Whole Time Members, SEBI Shri M.S.Sahoo and Dr. K.M.Abraham has passed consent order dated June 15, 2009 on an application submitted by Shri Satish R. Shah in the matter of M/s. Sawaca Communication Ltd. in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.1,00,000/- (Rupees one lakh only) towards settlement charges. The applicant has also undertaken to undergo voluntary debarment from buying, selling or dealing in the securities market, directly or indirectly, for a period of two years. The order has come into force from June 18, 2009.
Mumbai
June 22, 2009
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