May
18, 2011
PR No. 070/2011
Consent Order in the matter of M/s. GEI Industrial Systems Limited
A Panel consisting of Whole Time Members, SEBI, Dr. K.M. Abraham and Shri Prashant Saran has passed a consent order dated May 03, 2011 on the application submitted by M/s. GEI Industrial Systems Limited for non compliance of Regulation 6(2) and 6(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the year 1997 and Regulation 8(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the years 1998 to 2005. The applicant without admitting or denying guilt has remitted a sum of ` 8,25,000/- (Rupees eight lakh and twenty five thousand only) towards settlement charges, in the matter.
Mumbai
May 18, 2011
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