February 18, 2008
PR No. 052/2008

Order against M/s. Charmi Investment, Shri Parshwa Finance,

M/s. Rujul Finance Ltd. and Shri Ashish P. Shah

Shri V. K. Chopra, Whole Time Member, SEBI, has passed an order dated February 14, 2008 against sub-brokers M/s.Charmi Investment (SEBI Registration No. INS231624813), Shri Parshwa Finance (SEBI Registration No. INS 011245110), M/s. Rujul Finance Ltd. and Shri Ashish P. Shah in the matter of creation of artificial volumes and offloading of unlisted shares of Shalibhadra Infosec Ltd.
 
M/s. Charmi Investment and Shri Parshwa Finance have been restrained from buying, selling or otherwise dealing in securities for a period of one year in the proprietary account. M/s. Rujul Finance Ltd. and Shri Ashish P. Shah are also restrained from buying, selling or otherwise dealing in securities for a period of one year.

Mumbai

February 18, 2008

For full copy of order against ASHISH P.SHAH, click here.

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

For full copy of order against RUJUL FINANCE LTD., click here.

For full copy of order against SHRI PARSHWA FINANCE, click here.