Capital market regulator, Securities and Exchange Board of India (SEBI) has disposed case against the globally diversified education solutions provider company - Educomp Solution - on Rs 10 lakh consent fee, without the acceptance or denial of charges by the later. The regulator passed a consent order for the settlement of administrative or civil proceeding pertaining to both the parties.
In January 2011, SEBI had doled out a show-cause notice on the company, claiming that the company had delayed making a corporate announcement to the stock exchanges, which was in violation of SEBI’s listing agreement.
However, Educomp, in March 2011, submitted a consent order application to SEBI, pursuant to which company bureaucrats held a meeting with SEBI’s internal committee on consent in July 2011.
Educomp Solutions is engaged in providing digital educational content in the classroom through its patented product ‘SmartClass’ and ICT. The company is also engaged in providing vocational, higher education and professional development, K-12 schools and online, supplementary and global education business.
Company Name | CMP |
---|---|
Aptech | 223.55 |
NIIT | 107.35 |
Compucom Software | 32.82 |
Jetking Infotrain | 60.78 |
Educomp Solutions | 3.37 |
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