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PRESS RELEASE - SEBI

 June 17, 2009
PR No. 190/2009

Consent Order in the matter of Universal Print Systems Limited

A panel consisting of Shri M.S. Sahoo, Whole Time Member, SEBI, and Dr. K.M. Abraham, Whole Time Member, SEBI, has passed a consent order dated June 16, 2009 on the consent application submitted by Mr. Rakesh Kukillaya (hereinafter referred to as applicant) for considerable delay in filing a report under Regulation 3(4) read with Regulation 3(5) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 in connection with acquisition of 3.20% of the share capital of Universal Print Systems Limited by virtue of a gift deed dated July 21, 2005. The applicant without admitting or denying guilt has remitted a sum of Rs. 75,000/-(Rupees Seventy five thousand only) towards settlement charges in the matter. 


Mumbai

June 17, 2009


For full copy of order against RAKESH KUKILLAYA, click here.

For full copy of order against UNIVERSAL PRINT SYSTEMS LTD., click here.

 
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