November 12, 2007
PR No. 294/2007
Order against M/s. Shri Parshwa Finance in the matter of
Design Auto Systems Ltd.
Shri G.Anantharaman, Whole Time Member, SEBI has passed an order dated November 08, 2007 against M/s. Shri Parshwa Finance in the scrip of Design Auto Systems Ltd., directing that the noticee M/s. Shri Parshwa Finance, represented by its proprietor Mr. Piyush Jhaveri, be restrained from accessing the securities market and also prohibited from buying, selling or dealing in securities either directly or indirectly for a period of six months for violating regulations 3 and 4 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995.
The order shall come into effect after the expiry of three weeks from the date of the order.
Mumbai
November 12, 2007
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