Latest SEBI circular and notices

PR No.168/2008 Grant of exemption to Mr. Kushal Pal Singh & others in the matter of proposed acquisition of voting rights of DLF Ltd. (Target Company) Dr. K.M.Abraham, Whole Time Member, SEBI, has passed an order dated September 05, 2008, granting exemption to Mr. Kushal Pal Singh, Mr. Rajiv Singh, Ms Pia Singh, Ms Renuka Talwar, Ms Indira K P Singh, Ms Kavita Singh, Macknion Estates Private Limited, Buland Consultants & Investments Private Limited, DLF Investments Private Limited, Haryana Electrical Udyog Private Limited, Kohinoor Real Estates Company, Madhur Housing and Development Company, Megha Estates Private Limited, Panchsheel Investment Company, Rajdhani Investments & Agencies Private Limited, Sidhant Housing and Development Company, Yashika Properties and Development Company, Vishal Foods and Investments Private Limited, Mallika Housing Company, Raisina Agencies & Investments Private Limited, Universal Management & Sales Private Limited, Renkon Agencies Private Limited, Lyndale Holdings Private Limited, Savitri Studs and Farming Company Private Limited, Jhandewalan Ancillaries and Investments Private Limited, Prem Traders & Investments Private limited, Realest Builders and Services Private Limited and Prem's Will Trust from making an open offer in terms of Regulation 11(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, with regard to proposed increase in their voting rights from 88.16% to 89.32% pursuant to buy back of equity shares of Target Company. Pursuant to the said increase in voting rights, there would not be any change in control of the target company. The application seeking exemption was forwarded by SEBI to the Takeover Panel. The Panel recommended for exemption to the acquirers from making an open offer. The full text of the order is available on the website: www.sebi.gov.in Mumbai September 09, 2008
Source: SEBI Date: 2008-09-09


PR. No. 167/2008 Consent Order on the application submitted by M/s. Rajesh N. Jhaveri in the matter of Sawaca Communications Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 04, 2008, on an application submitted by M/s. Rajesh N. Jhaveri, member of Ahmedabad Stock Exchange, in the matter of Sawaca Communications Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 1,00,000/- (Rupees one lakh only) and has also consented to suffer a voluntary suspension of Certificate of Registration for a period of one year towards the terms of consent in the matter. The suspension of Certificate of Registration of M/s. Rajesh N. Jhaveri will be effective from the date of the order. The full text of the order is available on the website www.sebi.gov.in Mumbai September 05, 2008
Source: SEBI Date: 2008-09-09


PR. No.166/2008 Consent Order on the application submitted by Shri Rajesh Nanubhai Jhaveri in the matter of Ojas Technochem Products Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 04, 2008, on an application submitted by Shri Rajesh Nanubhai Jhaveri, in the matter of Ojas Technochem Products Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 7,00,000/- (Rupees seven 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 September 05, 2008
Source: SEBI Date: 2008-09-09