Article: SEBI PASSES ORDER AGAINST COCHIN MALABAR ESTATES CMD

MUMBAI, India, Nov. 24 -- The Securities and Exchange Board of India (SEBI) issued the following press release:

Shri Madhukar, whole time member, SEBI has passed an order on 18.11.2005 against Shri Jimmy Jal Gazdar, Chairman and Managing Director, Cochin Malabar Estates and Industries Ltd. The order is in compliance of direction issued by Securities and Appellate Tribunal in appeal No. 247 of 2004, for deciding the preliminary issue of jurisdiction of SEBI in issuing show cause notice dated 05.02.2004 against Shri Gazdar. The Whole Time Member has held ...

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