DEPUTY GENERAL MANAGER
INVESTIGATION DEPARTMENT
IVD/ID6/BM/NS/SIL-I/ /2007
July 17, 2007
Shri Vinod Desai
No. 4, Shamet Flats,
Jain Nagar Society, Paldi
Ahmedabad – 380 006
Dear Sir,
Sub: Personal hearing in the matter of Shalibhadra Infosec Limited - I (SIL)
Please refer to our show cause notice dated February 09,2005 with regard to the SEBI investigation in the matter of Shalibhadra Infosec Limited (SIL).
In this connection, it is informed that personal hearing has been granted to you by the Whole Time Member (Shri V K Chopra), SEBI. The personal hearing is scheduled on August 8, 2007 at 11.00 a.m. before WTM (Shri V.K. Chopra) at the venue stated below:-
Securities and Exchange Board of India
Plot No.C4-A, “G” Block, Bandra Kurla Complex
Bandra (E), Mumbai- 400 051
You may note that this opportunity is given to you to adduce all evidences and clarifications in support of your contentions, if any for the charges leveled against you in the said case. If you do not appear before WTM on the said date of hearing, it will be presumed that you have nothing further to state and SEBI may proceed further in this matter and pass order as it deems fit based on the material available on record. You are also advised to submit your reply to the show cause notice before the scheduled date of hearing.
Further, it is informed 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.
Please confirm your attendance by July 31, 2007.
Yours faithfully,
BARNALI MUKHERJEE