Investigation Department
IVD/ID 2/PKB/BS/SSIL/110369/2007
December 10, 2007
Shri Abhayraj Shukla Shri Abhayraj Shukla
609, Commerce House Esplande Building,
140, N M Road, Fort M.G. Road
Mumbai - 400 023. Mumbai - 400 023.
Dear Sir,
Sub: Hearing in the matter of Sarita Software and Industries Ltd.
Please refer to our show cause notice dated September 14, 2004 (Copy of the show cause notice enclosed).
In this connection, I am directed to inform you that you have been given one more opportunity of personal hearing before Dr. T. C. Nair, Whole Time Member, SEBI on January 04, 2008 at 4.30 p.m. at the venue stated below –
Securities and Exchange Board of India,
Plot No. C4-A, “G” Block,
Bandra Kurla Complex,
Bandra(East), Mumbai – 400 051.
If you wish to avail of the opportunity of hearing, you may appear before WTM on the said date personally or through your authorized representative including Advocate. If you do not appear before WTM on the said date of hearing, it will be presumed that you have nothing more to say in the matter and the WTM would go ahead with the matter and pass order as he may deem fit based on the material available on record including your submissions, if any, made earlier.
You may also note that Vide Circular no. EFD/ED/Cir-1/2007 dated April 20, 2007 (available at www.sebi.gov.in), SEBI has come out with guidelines for passing of consent orders. If you wish to avail the consent process, you may apply in the prescribed form given in the said Circular. Your application should be forwarded to the address mentioned in the said Circular under intimation to the undersigned.
Kindly confirm your attendance for the above hearing.
Yours faithfully,
Bibhudutta Samal