May
06, 2011
PR No. 066/2011
Consent Order on the application submitted by M/s ARJ Shares & Stock Brokers Pvt. Ltd. in the matter of M/s. Himachal Futuristic Communications Ltd., M/s Tata Engine and Locomotive Co. Ltd., M/s Infosys Technologies Ltd. and M/s Software Solutions India Ltd.
A Panel consisting of Whole Time Members, SEBI, Dr. K.M.Abraham and Shri Prashant Saran has passed a consent order dated May 3, 2011 on the application submitted by M/s ARJ Shares & Stock Brokers Pvt. Ltd., in the matter of M/s. Himachal Futuristic Communications Ltd., M/s Tata Engine and Locomotive Co. Ltd., M/s Infosys Technologies Ltd., & M/s Software Solutions India Ltd. in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of ` 5,00,000/- (Rupees Five Lakh only) towards the settlement terms and also undertaken to undergo voluntary debarment from buying, selling or dealing in securities market in any manner whatsoever for a period of six months. The applicant has also undertaken not to trade as broker during the period of voluntary debarment.
The order has come into force with effect from May 4, 2011.
Mumbai
May 6, 2011
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