October 24, 2007
PR No. 283/2007

Order in the matter of Design Auto Systems Ltd.

Shri G. Anantharaman, Whole Time Member, SEBI, has passed an order dated October 22, 2007 against Coverage & Consultants Ltd. and its directors, viz. Shri Sharad Gujrathi, Shri B L Joshi and Shri Narendra Chouhan in the matter of Design Auto Systems Ltd. 
 
These four entities have been found to have violated the provisions of Regulations 3 and 4 of the PFUTP Regulations. The entities have, thus, been restrained from accessing the securities market and also prohibited from buying, selling or dealing in securities either directly or indirectly for a period of seven years.

 

Mumbai

October 23, 2007

For full copy of order against BHAVARBHAI JOSHI, click here.

For full copy of order against COVERAGE & CONSULTANTS LTD., click here.

For full copy of order against NARENDRA CHOUHAN, click here.

For full copy of order against SHARAD GUJRATHI, click here.