December 07, 2007
PR No. 313/2007

Orders against M/s. Shobha Investments, member Pune Stock Exchange and Harish Kadam, former member Pune Stock Exchange in respect of their dealings in the shares of Home Trade Ltd.

Shri G.Anantharaman, Whole Time Member, SEBI, has passed following two orders on December 05, 2007 in respect of dealings in the shares of Home Trade Ltd.

1. A major penalty of suspension of the certificate of registration of M/s. Shobha Investments (Proprietor Shri Ajay Shah), Member, Pune Stock Exchange Ltd., (SEBI registration no. INB 110246011) for a period of 18 months. 
    
   The certificate of registration of M/s. Shobha Investments will remain suspended from December 26, 2007 to June 25, 2009. 
    

2. Restrained Shri Harish Kadam, Director, Harish Kadam Securities Pvt. Ltd. from accessing the securities market for a period of 12 months. Further, he is also prohibited from buying, selling or dealing in securities either directly or indirectly for a period of 12 months.
    
   The Order in respect of Harish Kadam shall come into force with immediate effect and will continue till December 04, 2008.
   

Mumbai

December 07, 2007

For full copy of order against AJAY SHAH, click here.

For full copy of order against HARISH KADAM, click here.

For full copy of order against HARISH KADAM & CO.SECURITIES PVT.LTD., click here.

For full copy of order against SHOBHA INVESTMENTS, click here.