December
09, 2009
PR No. 384/2009
Consent Order on the application submitted by M/s. O.P. Gupta & Co.
A Panel consisting of Whole Time Members, SEBI, Shri M. S. Sahoo and Dr. K. M. Abraham, has passed consent order dated December 06, 2009, on an application submitted by M/s. O.P. Gupta & Co., Member, Ludhiana Stock Exchange Ltd. in the matter of M/s. SG Global Exports Ltd. and M/s. SRU Share Brokers 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 and Rs.25,000/- (Rupees twenty five thousand only) towards administrative charges in the matter. As proposed by the applicant, it has been ordered that applicant shall not be allowed to buy, sell or deal in securities, in any manner whatsoever, for a period of one year from December 09, 2009.
The order comes into force with immediate effect.
Mumbai
December 09, 2009
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