SEBI Order against Shri Parshwa Finance

Mumbai, Nov 12 (UNI) Securities&Exchange Board of India (SEBI) has passed an order against M/s. Shri Parshwa Finance, in matter of scrip of Design Auto Systems Ltd., restraining it from accessing the securities market and also prohibited the company from buying, selling or dealing in securities either directly or indirectly for a period of six months.

The action was taken for violating regulations 3 and 4 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995, a SEBI release said.

UNI