PR No. 031/2010
Consent Order in the matter of M/s. Exclusive Leasing and Finance Limited
A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed consent order dated February 03, 2010 on the consent application submitted by M/s. Exclusive Leasing and Finance Limited for non-compliance with the provisions of Regulation 6(2) and 6 (4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 for the year 1997; and Regulation 8 (3) for the years 1998-2008, relating to disclosures to be made to the Stock Exchanges.
The applicant without admitting or denying guilt has remitted a sum of Rs.3,00,000/- (Rupees Three Lakh only) towards the settlement charges in the matter.
February 08, 2010