July 20, 2011
PR
No. 113/2011
Order against Dr. Mahendra C. Shah in the matter of Karuna Cables Limited
(now known as Globus Corporation Limited)
Dr. K. M. Abraham, Whole Time Member, SEBI, has passed an order dated July 18,
2011 in the matter of Karuna Cables Ltd., with the following directions:
The directions issued vide Order dated June 24, 2010 wherein Dr. Mahendra C.
Shah was restrained from accessing the securities market and prohibited from
buying, selling or dealing in the securities market, including in Initial Public
Offerings are revoked.
The directions issued vide Order dated June 24, 2010 wherein Dr. Mahendra C.
Shah was directed not to hold any managerial position (including directorship)
or any other key position in any listed company in India, or an intermediary
registered with the Securities and Exchange Board of India or with any
securities market participant, in any capacity, shall continue till further
directions.
Mumbai
JuJuly 20, 2011
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