PR No.237/2008

Consent Order against M/s. Loko Securities Pvt. Ltd. in the matter of M/s. Prabhu Steel Industries Ltd. A Panel consisting of Whole Time Members, Dr. T.C.Nair and Shri M.S. Sahoo, has passed a consent order dated October 20, 2008, on an application submitted by M/s. Loko Securities Pvt. Ltd. in the matter of M/s. Prabhu Steel Industries Ltd. in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.6,00,000/- (Rupees six lakh only) towards the terms of consent in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 27, 2008   

 Source: SEBI    Date: 2008-10-27       
   
      
     PR No.238/2008

Consent Order in the matter of M/s. Karuna Impex Enterprises Limited A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M.S. Sahoo, has passed a consent order dated October 23, 2008, on the consent application submitted by M/s. Karuna Impex Enterprises Limited for non compliance of Regulation 6(2) and 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the year 1997 and Regulation 8(3) of the said Regulations for the year 1997-2004 and 2006 with considerable delay, in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.3,00,000/- (Rupees Three Lakh only) towards the settlement charges in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 27, 2008  

 Source: SEBI    Date: 2008-10-27       
   

     PR No.235/2008

Certificate of registration of M/s. Rosy Blue Securities Pvt. Ltd., suspended Dr. T. C. Nair, Whole Time Member, SEBI has passed an order dated October 21, 2008 against M/s. Rosy Blue Securities Pvt. Ltd., Member, National Stock Exchange of India Ltd., imposing a minor penalty of suspension of the certificate of registration of the broker, for a period of 15 days, in the matter of M/s. DCM Shriram Consolidated Ltd. The order shall come into effect on expiry of 21 days from the date of the order. The full text of the order is available on the website www.sebi.gov.in Mumbai October 24, 2008  

 Source: SEBI    Date: 2008-10-27       
   
      
     PR No.236/2008

Consent Order in the matter of M/s. Consolidated Securities Ltd. A Panel consisting of Whole Time Members, Dr. T.C.Nair and Shri M.S. Sahoo, has passed a consent order dated October 23, 2008, on the consent application submitted by M/s. Consolidated Securities Ltd. for non compliance of Regulations 6(2) and 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the year 1997 and 8(3) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the years 1998-2003 and 2005 in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,50,000/- (Rupees two lakh fifty thousand only) towards the settlement charges in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 24, 2008  

 Source: SEBI    Date: 2008-10-27       
   
      
     PR No.234/2008

Amendment to Clause 49 of the Equity Listing Agreement SEBI is in receipt of views and representations from various listed companies as to the applicability of amendment to Clause 49 made on April 08, 2008, where the promoter of a listed company is a listed or unlisted entity. In this regard, SEBI has today issued a clarification vide Circular dated October 23, 2008. The full text of the Circular is available on the SEBI website: www.sebi.gov.in