December 02, 2010
PR No. 262/2010

Consent order on the application submitted by M/s. Shree Nath Exports (India) Private Limited

A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed a consent order dated November 29, 2010 on the application submitted voluntarily by M/s. Shree Nath Exports (India) Private Limited, for non-compliance of provisions of regulation 7 (1) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997, in respect of acquisition of shares of Howard Hotels Limited, in accordance with SEBI Circular dated April 20, 2007 for consent orders.

The applicant, without admitting or denying guilt, has remitted a sum of Rs. 30,000/- (Rupees thirty thousand only) towards settlement charges in the matter.  


December 02, 2010


For full copy of order against SHREE NATH EXPORTS (INDIA) PVT.LTD., click here.